City Manager: Monrovia Bond Rating Should Go Up When Lawsuit Resolved

Monrovia City Manager Laurie Lile told the Monrovia Coordinating Council she is "confident" the city's bond rating will go back up when the "scary" developer lawsuit for an "amazingly large amount" ($106 million) is resolved. She said she believes the developer is open to settling, but that negotiations with the Gold Line will affect those talks. Even best case, she said, the lawsuit is not going to be resolved in a couple of months.

- Brad Haugaard

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