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Beacon Urban Renewal Agency v. Leemilt's Petroleum

Court of Appeals of the State of New York
Jul 7, 1981
426 N.E.2d 489 (N.Y. 1981)

Opinion

Decided July 7, 1981

Appeal from the Appellate Division of the Supreme Court in the Second Judicial Department, JOSEPH JIUDICE, J.

Stephen J. Wing, County Attorney (Timothy P. O'Reilly of counsel), for appellant.

Robert S. Tobin for respondent.


On summary consideration, order modified, with costs to appellant, and case remitted to Supreme Court, Dutchess County, for further proceedings in accordance with the following memorandum and, as so modified, affirmed. The county, as depositary of the condemnation fund pursuant to former subdivision 2 of section 555 of the General Municipal Law, is required to pay the actual interest generated on that sum to the condemnee, Leemilt's Petroleum, Inc., not the 6% interest which was applicable to the final condemnation judgment under former subdivision 2 (see Matter of Town of Greenburgh [Turner], 70 A.D.2d 409, affd 52 N.Y.2d 948). It is unclear from the record what the actual amount of interest generated on the sum deposited was, and, thus, the case must be remitted for a determination of that amount.

Concur: Chief Judge COOKE and Judges JASEN, GABRIELLI, JONES, WACHTLER, FUCHSBERG and MEYER.


Summaries of

Beacon Urban Renewal Agency v. Leemilt's Petroleum

Court of Appeals of the State of New York
Jul 7, 1981
426 N.E.2d 489 (N.Y. 1981)
Case details for

Beacon Urban Renewal Agency v. Leemilt's Petroleum

Case Details

Full title:BEACON URBAN RENEWAL AGENCY, Plaintiff, v. LEEMILT'S PETROLEUM, INC.…

Court:Court of Appeals of the State of New York

Date published: Jul 7, 1981

Citations

426 N.E.2d 489 (N.Y. 1981)
426 N.E.2d 489
442 N.Y.S.2d 995