ECCL – one more hurdle

The State Department of Finance is charged with seizing the assets of former redevelopment agencies. They say the $25 Million set aside for the city share of the ECCL does not meet their threshold of being an enforceable obligation..?  It means the money will likely be lost.?   This raises interesting questions.?
Copy of Email from EPOA to City Manager and School Board 5/23/2012

Oversight Board Attorney Opinion on ECCL Project 5/29/2012

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