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PASADENA REDEVELOPMENT AGENCY v. POOLED MONEY INV

Docket No. 64757.

136 Cal.App.3d 290 (1982)

186 Cal. Rptr. 264

PASADENA REDEVELOPMENT AGENCY, Plaintiff and Respondent, v. POOLED MONEY INVESTMENT BOARD et al., Defendants and Appellants.

Court of Appeals of California, Second District, Division Two.

September 15, 1982.

Attorney(s) appearing for the Case

COUNSEL

George Deukmejian, Attorney General, and Richard M. Radosh, Deputy Attorney General, for Defendants and Appellants.

Weiser, Kane, Ballmer & Berkman, Herbert M. Weiser, T. Brent Hawkins, Lance E. Garber, O'Melveny & Myers, Bertrand M. Cooper and Keith H. Beyler for Plaintiff and Respondent.

OPINION

BEACH, J.

The Pasadena Redevelopment Agency (hereafter Agency) petitioned the superior court for a writ of mandate to compel the Pooled Money Investment Board (hereafter Board) to grant it a loan from the local agency indebtedness fund to prevent a default on its downtown redevelopment project 1976 tax allocation bonds. The court ordered issuance of the writ. The Board appeals. We affirm.

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