WATSONVILLE — The City of Watsonville paid back $4.6 million in redevelopment funds Tuesday to the State of California after a court ruling in January denied the city's petition.
Sacramento County Superior Court Judge Timothy Frawley on Jan. 23 denied the city’s petition to reverse a decision by the State Department of Finance, which allows the state to use the “claw back” provisions of the Redevelopment Dissolution Law.
The amount came from a 2006 loan by the former Watsonville Redevelopment Agency to build the Civic Plaza on Main Street and the adjacent parking garage on Rodriguez Street.
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