Office of City Manager Erik Sund, Assistant City Manager*

with its redevelopment agency that no longer exists. The Grand Jury determined that these Joint Powers Authorities serve no benefit to the public or the taxpayers and have the potential for misuse or obfuscation of public funds. The City of San Clemente partially agrees with this finding. The City of San Clemente has a Vertical Joint Powers Authority created with its redevelopment agency. However, the statement that these joint powers authorities serve no benefit may be overstated and generalized. In the City of San Clemente's situation, the joint power authority allowed taxpayers to achieve present value savings of $1,184,153 (see attachment) that lowered annual tax assessments on citizens. Hence, the use of the joint powers authority did serve a benefit to the public, the taxpayers, and should not be considered a misuse or obfuscation of public funds. Recommendations All Vertical Joint Powers Authorities created by a city along with its