Cathedral City Redevelopment Agency v. Stickles
Citation: 35 ELR 20256
No. No. E036456, (Cal. App. 4th Dist., 12/19/2005)
A court affirms a trial court judgment condemning three residential rental properties for redevelopment purposes in a quick take eminent domain proceeding. In quick take eminent domain proceedings, the date of valuation of the property, for purposes of trial on the issue of the property owner's just compensation, is statutorily required to be no later than the date the plaintiff makes a deposit of probable compensation. Here, the redevelopment company deposited $287,000 on December 16, 2002, and on January 20, 2004, it deposited an additional $30,500. The trial court set the date of valuation on December 20, 2002, the approximate date of the original deposit. This complies with the statutory valuation requirements, and the initial deposit of $287,000 was not substantially less than the $317,500 amount that the redevelopment company later admitted and the trial court implicitly determined was the fair market value of the rental properties on December 20, 2002.