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.
For the complete article see the 02-20-2014 issue.
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