San Bernardino County Municipal Code Ch. 7 Reporting Requirements

(a) Within the term of the economic development subsidy, but not later than five years after the action granting an economic development subsidy, the County shall issue a report for each economic development subsidy provided, containing the following information, as applicable:

(1) The name and address of any corporations or any other business entity, except for sole proprietorships, that are the beneficiaries of the economic development subsidy.

(2) The start and end dates and schedule for the economic development subsidy.

(3) A description of the economic development subsidy, including the estimated total amount of the expenditure of public funds by, or of revenue lost to, the County as a result of the economic development subsidy.

(4) The net tax revenue accruing to the County as a result of the economic development subsidy.

(5) The net number of jobs created, retained by the economic development subsidy, broken down by full-time, part-time, and temporary positions.

(b) The information required to be provided in Subdivision (a) shall remain available to the public under existing State and Federal law and be posted in an easily identifiable and accessible location on the County’s internet web site, if applicable, for the entire term of the economic development subsidy.

(Ord. 4316, passed - -2017)

(a) The County, within the term of the economic development subsidy but no later than five years after the action granting an economic development subsidy, shall hold a public hearing to consider any written or oral comments on the information contained in a report prepared pursuant to § 110.0701.

(b) For an economic development subsidy with a term of ten years or more, the County shall hold a public hearing at the conclusion of each economic development subsidy that shall contain the information described in Subdivision (a) of § 110.0701, in written form available to the public, and through an easily identifiable and accessible location on the County’s internet web site, if applicable.

(c) Each public hearing required by this section shall be consolidated with a Board of Supervisors’ regularly scheduled meeting.

(Ord. 4316, passed - -2017)

(a) Within six months of the end of the County’s fiscal year, the County shall prepare an annual report to present to the Board of Supervisors containing the following information:

(1) A fiscal statement of the economic development activities for the previous fiscal year.

(2) A description of the County’s economic development activities in the previous fiscal year.

(3) A list of, and status report on, all loans made by the County that are for $100,000.00 or more.

(4) Administrative costs, professional services, or other expenditures.

(5) Amount of outstanding debt for economic development activities.

(6) Amount of revenues generated.

(7) A description of the total number and nature of the properties that the County owns and those properties the County has acquired in the previous fiscal year for purposes associated with this Division.

(8) A status report on all loans made by the County that are for $100,000.00 or more, that in the previous fiscal year were in default, or not in compliance with the terms of the loan approved by the County.

(9) Any other fiscal information which the County believes useful to describe its Economic Development Program including, but not limited to, the number of jobs created and lost in the previous fiscal year as a result of its activities.

(b) The Board of Supervisors shall review the report and take any actions it deems appropriate on that report.

(Ord. 4316, passed - -2017)

(a) The information required to be provided shall remain available to the public under existing State and Federal law, for the entire term of the economic development subsidy.

(b) The County shall provide a copy of any report required under Chapter 7, upon the written request of any person or any taxing agency. The County may require any person or taxing agency to reimburse the County for all actual and reasonable costs incurred in connection with providing a copy of the report.

(c) The County shall post the annual report and each economic development subsidy report in an easily identifiable and accessible location on the County’s internet web site.

(Ord. 4316, passed - -2017)