Tuesday, February 21, 2017
Cuenca v. Cohen
The court held that, while stipulated judgments that required the City to set aside various percentages of the tax increment for low and moderate income housing projects were enforceable obligations, money that had been set aside pursuant to the judgments but not spent at the time redevelopment agencies were dissolved were "unencumbered moneys" if they were not subject to a contract to build housing. Accordingly, such funds that had been set aside and were not subject to a contract to build housing had to be turned over to the county auditor-controller to be released to taxing entities.
Cal.App. 3rd Dist. (C076814) 2/6/17