City of Lakewood v. Bosler CA3
This appeal arises from the dissolution of redevelopment agencies. The Department of Finance (Department) and the state auditor determined that promissory notes a former redevelopment agency made to its sponsoring agency, the City of Lakewood, did not qualify as enforceable obligations that would survive the dissolution. The officials ordered the city to remit two payments on the notes it received from the redevelopment agency.
The city and the redevelopment agency’s successor agency challenged the Department’s and the state auditor’s decisions, and lost.
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