Tag: morgan hill economic development corporation
County, City finalize RDA settlement
Santa Clara County and City of Morgan Hill officials announced Thursday they have finalized a settlement of a dispute related to the transfer of Morgan Hill Redevelopment Agency properties and cash to the newly formed Morgan Hill Economic Development Corporation in March 2011.
City gains new financing deal for $2.9 million fire station purchase
After a bank that initially offered Morgan Hill a long-term financing deal to purchase two fire stations revoked the deal out of fear of the outcome of pending litigation, City Hall received a proposal from Pinnacle Bank that is almost as affordable.Â
City will sue state over RDA penalties
The state-mandated dissolution of the Morgan Hill redevelopment agency is on its way to producing an all-out legal brawl in the courtroom.
Without RDA, city likely to feel impact
With the city's redevelopment agency gone as of Feb. 1, staff will spend the next few weeks trying to clear up the murky financial picture created by the state law redirecting the resources now spent partially on personnel costs to more basic uses.
