-15--15- required to prepare any required environmental impact studies. The second lawsuit was filed on October 16, 1987, and sought to require the Raiders to return the initial $10-million advance to Irwindale. In an amended answer dated March 21, 1988, the Raiders alleged: “the City of Irwindale * * * [has] paid the Raiders $10 million pursuant to that Agreement [Irwindale MOA], and that the Raiders are entitled to retain that money whether or not the stadium is built.” In a Memorandum of Points and Authorities (the memorandum) filed in response to a Motion for Summary Judgment, Irwindale alleged: “regardless of what happens, the Raiders are permitted to keep the $10,000,000”. The environmental impact report was completed on January 12, 1989, and the preemptory writ of mandate was discharged on February 17, 1989. During the time the preemptory writ of mandate was in effect, circumstances relating to the Irwindale MOA changed as follows: (1) Bond interest rates increased from 9 percent to more than 11 percent; (2) Los Angeles County refused to lease Irwindale land adjacent to the proposed site to be used for parking; (3) a second site for the stadium was required to be selected; and (4) another environmental impact report was required for the second site. In September 1988, the California legislature passed a bill that prohibited Irwindale from using general obligation bonds to construct a stadium that Irwindale would then turn over to any private company, such as the Raiders;Page: Previous 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Next
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