City of Stockton v. Stockton Plaza Corp.

The City of Stockton leased land adjacent to a redevelopment area to appellant, by which the lessee agreed, subject to certain conditions, to construct improvements upon the leased land, including a convention center and a motor-hotel. For many months following execution of the lease, appellant was unsuccessful in obtaining financing necessary to carry out the terms of the lease.

The city brought this action against appellant-lessee, alleging three causes of action: to terminate the lease for failure to perform, for declaratory relief, and to quiet title, basing each cause of action upon…