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Gregory Cole's Library tagged Kolarek   View Popular, Search in Google

28 Dec 12

A Simi Valley businessman has returned a $70,000 redevelopment grant to the city after months of speculation by a local Tea Party leader and others that it might have been improperly authorized.

Used-car dealer Kelly Kolarek, who said he used the 2010 grant to renovate the site of his K&J Auto Exchange at 2430 Tapo St., gave a check to the city Wednesday, according to a news release he issued and an email from City Manager Laura Behjan to city officials.

Denying there was anything improper about the grant, Kolarek said in the release that he returned the money primarily because "these funds will cause me huge adverse tax implications" with the approval of Proposition 30 in November. The measure raises taxes on those who make more than $250,000 annually, to help fund education.

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