Government
Jul. 11, 2015
3rd District upholds ruling on redevelopment agency paybacks
The court rejected an appeal by the city of Azusa that argued that over $8 million in loan money from the city's utility provider to its former redevelopment agency was an "enforceable obligation."
Daily Journal Staff Writer
More fallout following the state's 2012 dissolution of local redevelopment agencies
has come in an appellate decision ruling that more than $8 million in loans from the
city of Azusa's water and power utility to its former redevelopment agency are invalid.
The decision, experts say, will likely have an impact on similar issues across ...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In