FINAL REPORT - San Bernardino Superior Court

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2011-2012 San Bernardino County Grand Jury Final Report Responding Agency Recommendations Due Date No Response Required 95
2011-2012 San Bernardino County Grand Jury Final Report SAN MANUEL AMPHITHEATER BACKGROUND In researching past reports, the Grand Jury became interested in the 1999-2000 Grand Jury Final Report regarding the Amphitheater located at Glen Helen Regional Park, currently known as the San Manuel Amphitheater (Amphitheater). Recommendations were made at the time, with positive responses from the County of San Bernardino. Interviews were conducted to follow-up on the responses and this Grand Jury found the following information to be true and is satisfied with the outcome. FINDINGS Recommendation Number: 00-142 Stated: “Evaluate periodically whether the three Certificates of Participation can be refinanced at terms more favorable to reduce the interest rate and annual cash outlay.” Response: The Department/County agreed to the recommendations, stating “this is done on an ongoing basis, within the constraints of the law relating to government debt issues. On September 20, 2000, the Board of Supervisors approved the hiring of a financial advisor to assist in evaluating all outstanding bond issuances of the County and whether or not refinancing any of those issuances is appropriate to help reduce the County’s financing cost.” Update: The County has refinanced the three Certificates of Participation and could refinance the remaining balance but with six years left on the lease it would be financially irresponsible to refinance now because in six years at the end of the lease the Amphitheater will be paid for and the County will own the building outright. Recommendation Number: 00-143 Stated: “Notify the lessee that past performance has not met the reasonable expectations of the County and the lessee shall take reasonable action to remedy such shortfalls and to increase the use of the facility.” Response: The Department/County agreed to the recommendation, stating that “the County has met with and continues to meet with authorized representatives of SFX Entertainment (SFX), the lessee, with the purpose of increasing both the number and quality of entertainment acts appearing at the facility. The dialogue with SFX has dramatically increased the number and 96
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FINAL REPORT COUNTY OF SAN BERNARDI
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EDITORIAL COMMITTEE From left to ri
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Honorable Ronald M. Christianson, P
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2011-2012 GRAND JURY SAN BERNARDINO
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TABLE OF CONTENTS 2011-2012 GRAND J
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CITIES/SPECIAL DISTRICTS COMMITTEE
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2011‐2012 San Bernardino County G
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May 15, 2012 Ted Burgnon, Foreman a
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Executive Summary Harvey M. Rose As
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Executive Summary year to prevent b
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Executive Summary never completed a
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Executive Summary purposes that dir
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Introduction Harvey M. Rose Associa
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Introduction Victorville was establ
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Introduction Exhibit 1 City of Vict
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Introduction boundaries of the Vict
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Introduction The SCLAA operated und
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Section 1: Financial Condition In t
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Section 1: Financial Condition Tabl
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Section 1: Financial Condition Cash
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Section 1: Financial Condition Char
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Section 1: Financial Condition Char
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Section 1: Financial Condition City
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Section 1: Financial Condition Impa
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Section 1: Financial Condition Tabl
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Section 1: Financial Condition Reco
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Section 2: Inter-fund Loans and Use
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3. Power Plant Developments Th
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Section 3: Power Plant Developments
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Section 4: SCLA Hangar Development
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Section 5: SCLAA Bond Expenditures
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2011-2012 San Bernardino County Gra
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COUNTY COMMITTEE Back row: Darrell
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HUMAN SERVICES COMMITTEE Back row:
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LAW AND JUSTICE COMMITTEE COUNTY OF
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FINAL REPORT - San Bernardino Superior Court

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