Unclaimed Property

Trust Deposit Accounts

The City has identified unclaimed inactive Trust Deposit Accounts (TDA) that have been held for three or more years. Letters have been sent to notify individuals or businesses that are owed a reimbursement. Due to the age of some of the TDAs, the City has been unable to locate all who are owed a reimbursement. For more information, please email the Finance Department or call 909-364-2640. 

The City intends to return these funds to their rightful owners and will publish a list of names in a newspaper of general circulation on January 16 and January 23, 2021.  That publication will start a 60-day time period during which individuals or businesses will have the opportunity to file a claim for reimbursement.  The deadline to file a claim is March 17, 2021.  If the funds are not claimed by the final claim date, they will become property of the City and will no longer be eligible for refund.  This procedure is established by the State of California Government Code Sections 50050-50056.

Who May Have Established a Trust Deposit Account?

Trust Deposit Accounts are established by a developer, contractor, or resident, to reimburse the City for time and costs incurred when processing a commercial or residential land development project.

List of Unclaimed Trust Deposit Accounts (PDF)
Refund Request Form (PDF)
City Council Staff Report (PDF)

City’s Debt to Developers

Early land developers in the City of Chino Hills paid development impact fees on new development for infrastructure improvements that were sized for future development.  Funds collected were to be reimbursed by future development fees paid.  As of June 30, 2020, the City had accumulated sufficient fees to reimburse this phase of developer obligations.  The City has been unable to locate all who are owed a reimbursement due to the age of these obligations.  Letters have been sent to developers, or a successor in interest, that staff was able to identify and /or locate. 

The City intends to return these funds to their rightful owners and will publish a list of names in a newspaper of general circulation on January 16 and January 23, 2021.   That publication will start a 60-day time period during which the developers will have the opportunity to file a claim for reimbursement.  The deadline to file a claim is March 17, 2021.  If the funds are not claimed by the final claim date, they will become property of the City and will no longer be eligible for refund. This procedure is established by the State of California Government Code Sections 50050-50056.

Development Impact Fees - Additional Background

As these fees were collected, an obligation was recorded on the City’s general ledger that would be paid by the collection of future development fees. The Existing Infrastructure Fee (EIF), which was created from a number of funds including the Facilities Benefit Assessment (FBA) and Facilities Development Fee (FDF), was established to fund the outstanding reimbursement and credit obligations arising from these previously collected fees.  

To claim Development Impact Fees, please email the Finance Department or call 909-364-2640.

List of Unclaimed Property Due to Developers (PDF)
City Council Staff Report (PDF)