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Case law holds that where "detail" or non-essential terms of a <br />contract are to be agreed in the future, the contract remains <br />enforceable.18 While certain ministerial arrangements may remain <br />outstanding, the material terms of the S.A. Venture Agreement are <br />in place; hence, the S.A. Venture Agreement is enforceable. <br />Pledges of Tax Increment are Honored by the Dissolution Act. The Successor Agency's <br />obligation to repay the Fee Loan under the S.A. Venture Agreement is supported by a pledge of <br />tax revenues from the Site. Section 34175(a) specifically protects pledges of tax revenues made <br />by the Former Agency, as follows: <br />It is the intent of this part that pledges of revenues associated with <br />enforceable obligations of the former redevelopment agencies are <br />to be honored. It is intended that the cessation of any <br />redevelopment agency shall not affect either the pledge, the legal <br />existence of that pledge, or the stream of revenues available to <br />meet the requirements of the pledge. <br />Section 34174(a) provides further support for the conclusion that the obligation to pay the <br />Fees is an enforceable obligation protected by the Dissolution Act: <br />[N]othing herein is intended to absolve the successor agency of <br />payment or other obligations due or imposed pursuant to the <br />enforceable obligations; and provided further, that nothing in the <br />act adding this part is intended to be construed as an action or <br />circumstance that may give rise to an event of default under any of <br />the documents governing the enforceable obligations. <br />The legislature was clearly mindful that the Dissolution Act would be unconstitutional if <br />it impaired existing contractual obligations of the Former Agency. 19 <br />18 City of Los Angeles v. Superior Court (1959) 51 Cal.2d 423, 433. <br />19 See footnote [5], above. <br />Page 9 of 9 <br />3-27