In January, the Second District Court of Appeal issued its opinion about the validity of the property deed restrictions and the propriety of the 2012 sale of parkland in Palos Verdes Estates. The Palos Verdes Homes Association filed a Petition for Rehearing asking the same three appellate justices who decided the case to change their mind. Today that request for a rehearing was denied. In addition, the Court of Appeal strengthened its earlier decision by adding the following footnote to the opinion on the validity of the deeds:
The Association argues that it had the right to transfer the parkland to the Luglianis because this original declaration was never properly amended. But, the Chairman of the Association’s board expressly consented to the terms of the 1940 deed. By expressly agreeing to those terms, the Association cannot now argue that Bank of America had no power to include them.