County OKs Property Liens for Landside Abatement
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Despite homeowner protests, the Los Angeles County Board of Supervisors Tuesday unanimously approved a plan to impose liens on about 200 properties in Rancho Palos Verdes to pay for landslide abatement work.
The board’s decision to form an improvement district in the Abalone Cove landslide area was the first step toward issuing $10 million in revenue bonds that will be guaranteed by the liens. The bond money will be used by the Palos Verdes Peninsula community for work aimed at halting landslides.
During a hearing held last week, a number of homeowners argued that the liens--amounting to tens of thousands of dollars for large property owners-- would place an unfair financial burden on them.
However, county and city officials said that money to pay back the bonds should become available as property values and property tax revenue in the slide area increase.
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