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  • Toledo City Council plans to allocate remaining $10.13 million to support North Nudes lawsuit
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Toledo City Council plans to allocate remaining $10.13 million to support North Nudes lawsuit

deercreekfoundation November 14, 2025
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The Toledo City Council Finance Committee is scheduled to discuss next Tuesday: Green light for 10.13 million additional credits 1 euro will be covered by the balance of the state treasury and will be judicially deposited in favor of the Condominio Once de Noviembre. … The amount granted in the expropriation agreement for North Nude at the time decided by the city council. Go to court to seek annulment of agreements deemed to be detrimental to the general interest.

Although the Castilla-La Mancha Consultative Council did not support the seven grounds of invalidity raised by the government team, The City Council ultimately decided to proceed through judicial means.. This decision was supported by PP, Vox and Izquierda Unida, but PSOE abstained. The request was drafted by Professor Luciano Parejo.

This figure corresponds to the initial liability recognized in 2021 for contracts entered into with companies that own expropriated land. Principal amount: 9,053 million euros, interest: 1,080,000 euros. However, the city’s report warns that interest accrued from the time the agreement is signed through 2025 will have to be added back. This means that the bill will be even higher.

Deadline: January 28th

The City Council’s strategy consists of filing a contested administrative appeal against the agreement with the TSJ and simultaneously recording the amount awarded. Prevent interest from continuing to accrue while the dispute continues. It plans to do so by January 28, 2026, the deadline for payment of the agreed amount.




The remaining state treasury from fiscal 2024 will allow it to cover that amount without resorting to credit operations, but the intervention warns that the operations will be damaging. “Adverse impact on stability goals and spending rules”However, both rules remain on hold.

The Treasury report added: Interest rates agreed for 2021 have not been reported by the Treasury itself but will need to be reviewed It is taking place within the framework of a new judicial procedure, and this is why it has been pointed out that it is convenient to “confirm the exact payment amount” before taking final action.

The Intervention and Treasury report confirms that the City Council: Sufficient margin to cover this credit addition charged to remaining credits. Of the total treasury balance of EUR 28 million approved for 2024, only EUR 10 million has been used so far, leaving an available pool of EUR 18 million that could be envisaged for allocation in connection with the Northern Knot Agreement.

Any amendments must be approved at the regular plenary session in November. Approximately 7 million euros still remain unspent The rest.

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