CITY OF RIVERSIDE: A DEVELOPING STORY WITH REDEVELOPMENT, IS IT ILLEGAL OR JUST BAD BUSINESS?

Posted: September 26, 2011 in Uncategorized
Tags: , , , , , , , ,

WHAT IS THE CITY COUNCIL’S FIDUCIARY DUTY TO THE TAXPAYER?

The move to transfer 189 properties from Redevelopment to the City of Riverside and the Housing Authority in lieu of a suspension by the State of California per Governor Edmund G. Brown. What would be the modus operandi? Steering away from the rules and regulations of RDA?  Well, what we have is the transfer of RDA controlled properties now under the control of the City of Riverside per City Council vote.  So what we have is the City of Riverside who borrowed monies from the restrictive Sewer Fund, Utilities Fund etc., then loaned them via an intra-angency transfer to the Redevelopment Agency (RDA).  RDA  then purchased the properties with this money.  Then RDA grants the properties back to the City of Riverside, and the City still expects to be paid for the money originally loaned, per tax increments etc.  The question many are asking, is this fraud?

By the way, the Executive Director of Redevelopment and the Riverside City Manager are the same person. When the transfers occurred, Brad Hudson was in charge. The current Council for the City of Riverside and the Board of Redevelopment are the same people. Many in the community of Riverside do not know this. The ongoing question many have asked, “Is this a conflict of interest”? Was the the transfer illegal? Or just bad business? But it doesn’t stop there, the deed is still not done. When I say deed, I do not take this lightly, it is the grant deed of ownership of the properties in question that comes to the forefront. When this happens the playing field also changes. In other words, now that the properties are in possession of the city, what happens to the contracts that were signed when the properties were under RDA? What to do with the merchant contracts that now remain under RDA and its restrictions? Possibly venture to move them to the municipality of the City level for better control, by will then show the City of Riverside as the landowner? Would this then be an intention to manipulate merchants by the transfer of contracts within State Redevelopment to the City of Riverside as was done March 08, 2011? These are some of the contracts transferred, Simple Simons, Invites and Delights, Don Carlos, Magnolias, with a side note of The Flowerloft to be handled separately.  Would this now allow the City of Riverside to do business as if RDA was active? Would merchants unknowingly then lose certain rights bestowed under Redevelopment, by now being under the City of Riverside?  Which would then give control to the City of Riverside, which in turn, would mean different rules and regulations that would not benefit a business environment? Will this transfer be the move which brings the City of Riverside into the limelight with emphasis on its Redevelopment Agency? The very agencies Governor Brown intends to suspend as a result of alleged abuse. Will this be the end of RDA in Riverside? Will Riverside be the poster child for inappropriate activity by its RDA and in the end, not have a penny to spare?

KEEP CONNECTED WITH TMC, RATED RIVERSIDE’S MOST “SLANDEROUS” AND MEZZSPELLED, “MISSPELLED” BLOG SITE!   TMC IS NOW EXCLUSIVELY ON FILE WITH THE COUNTY OF RIVERSIDE’S DISTRICT ATTORNEY’S OFFICE, AND THAT’S ALL WE’RE GOING TO SAY ABOUT THAT ONE…   

Comments
  1. mvgordie says:

    “TMC IS NOW EXCLUSIVELY ON FILE WITH THE COUNTY OF RIVERSIDE’S DISTRICT ATTORNEY’S OFFICE, AND THAT’S ALL WE’RE GOING TO SAY ABOUT THAT ONE…”

    I hope in a good way.

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