Aguirre files suit against SEDC
President.
by Mowad, Michelle
San Diego City Attorney Mike Aguirre filed a complaint for breach
of contract Aug. 8 against embattled Southeastern Economic Development
Corp. President Carolyn Smith. The complaint alleges that the SEDC
agreed not to incur any cost or expense in excess of the approved budget
and it is believed that Smith approved compensation for herself and
others in excess of the amount authorized and approved in the annual
budget.
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Smith, who has been an employee of the SEDC since 1984, allegedly
approved large bonuses for both herself and staff exceeding their based
pay by more than $1 million over the past five yearn It is estimated
that she approved more than $70,000 for herself in the past two fiscal
years.
Send real estate news to Michelle Mowad at mmowad@sabj.com She may
also be reached at 858-277-6359, ext. 3109.
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