Redevelopment Dissolution Victory

Goldfarb & Lipman recently obtained a ruling in favor of a city/successor agency client and against the state Department of Finance in a writ of mandate action the firm filed on behalf of the city under the Redevelopment Dissolution Law. Goldfarb & Lipman, on behalf of the city, argued that the state Department of Finance had abused its discretion in failing to recognize the total amount due back to the city from its former redevelopment agency, pursuant to the terms of a reentered loan repayment reimbursement agreement. The Sacramento Superior Court agreed, and ordered the Department of Finance to increase by $2.22 million the amount owed to the city under the terms of the loan repayment reimbursement agreement. For more information, please contact Dolores Bastian Dalton or Rafael Yaquian.