Title 04 Administrative Agencies and Procedures
Chapter 04.25 Public Development Authority
Article I. General Provisions
Section 04.25.020 City Liability Limited
The public development authority is an independent legal entity exclusively responsible for its own debts, obligations and liabilities. All liabilities incurred by the authority shall be satisfied exclusively from the assets and credit of the authority. No creditor or other person may have any recourse to the assets, credit or services of the City on account of any debts, obligations, liabilities, acts or omissions of the authority.
Date Passed: Monday, March 26, 2007
Effective Date: Sunday, May 6, 2007
Recodification ORD C33995 Section 1
