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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

San Pedro Hotel Co. v. City of Los Angeles, 159 F.3d 470 (1998)

Citation
San Pedro Hotel Co. v. City of Los Angeles, 159 F.3d 470 (1998)
Parent Document
San Pedro Hotel Co. v. City of Los Angeles, 159 F.3d 470 (1998)
Effective Date
1998-11-06

Other Sections in This Document (64)

Full Text

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The Fentises owned a property in the San Pedro district of Los Angeles known as the “California Hotel.” In June 1994, the Fen-tises entered into an agreement to sell the California Hotel to A Community of Friends (“ACOF”), a not-for-profit developer of housing accommodations primarily used to house the mentally disabled. The sale of property was contingent upon ACOF obtaining federal *473financing and an award of tax credits from the California State Tax Credit Allocation Committee.1