Kline v. The Redevelopment Agency of the City of Pomona
In April 1991, plaintiff Debra Kline formed a partnership with plaintiff Calvin Wiekamp and entered into an agreement to purchase a 22.94 acre parcel of commercial property (Property) located in defendant City of Pomona (City) from its owner Cotter & Co. (Cotter) to develop as a retail commercial center. This lawsuit arises from the foreclosure of a $9.3 million loan from defendant the Redevelopment Agency of the City of Pomona (Agency) to Kline.
The court entered judgment in favor of Agency (and others) on the basis the foreclosure was valid. Kline contends that judgment was improper partly because in a previous appeal,[1]this court found the foreclosure was void. Kline also contends the court abused its discretion in awarding excessive attorneys fees to Agency based on an inadequate showing. On cross-appeal, Agency contends the court improperly denied its contract damages (which it would be entitled to only if the judgment is reversed). Agency also contends it was entitled to an award of damages for fraud in the inducement of the $9.3 million loan even if the judgment is affirmed. Court affirm the judgment and order.
Comments on Kline v. The Redevelopment Agency of the City of Pomona