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MAMMOTH LAKES LAND ACQUISITION, LLC v. TOWN OF MAMMOTH LAKES

No. C059239.

191 Cal.App.4th 435 (2010)

MAMMOTH LAKES LAND ACQUISITION, LLC, Plaintiff and Respondent, v. TOWN OF MAMMOTH LAKES, Defendant and Appellant.

Court of Appeals of California, Third District.

December 30, 2010.

Attorney(s) appearing for the Case

Law Office of Peter E. Tracy, Peter E. Tracy ; Morrison & Foerster, Edgar B. Washburn , Maria Chedid , Shaye Diveley and Anton A. Ware , for Defendant and Appellant.

Meyers, Nave, Riback, Silver & Wilson, Steven R. Meyers , Julia L. Bond and Peter S. Hayes for League of California Cities and California State Association of Counties as Amici Curiae on behalf of Defendant and Appellant.

Quinn Emanuel Urquhart & Sullivan, Daniel L. Brockett , John M. Pierce and Daniel H. Bromberg for Plaintiff and Respondent.

OPINION

NICHOLSON, J.—

Defendant Town of Mammoth Lakes (the Town) entered into a development agreement with Terrence Ballas to make improvements at the Town's airport and to build a hotel or condominium project at the airport. Ballas would initially lease the land for the hotel/condominium project but would later have the option to purchase it. Plaintiff Mammoth Lakes Land Acquisition, LLC (Developer), later acquired from Ballas the right...

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