Michael H. Johnson and Patricia E. Johnson - Page 10

                                       - 10 -                                         

          the only issue would be the fair market value of the property.              
          Mr. Wright made it clear to Mr. Johnson that he would not be able           
          to win a condemnation fight.                                                
          The Negotiations That Followed Mr. Johnson Being Told That                  
          Lancaster Would Condemn the 23d Street Property                             
               The negotiations between Lancaster and Mr. Johnson while the           
          LRA and the LCC were informing Mr. Johnson that Lancaster would             
          condemn the 23d Street property were hostile, strained, tense,              
          and difficult with Lancaster repeatedly telling Mr. Johnson that            
          Lancaster would condemn the 23d Street property.                            
               On September 16, 1991, Mr. Johnson entered into a DDA with             
          the LRA.  The DDA expressly states that the LRA desired to                  
          acquire the 23d Street property "for purposes of redevelopment by           
          an action in eminent domain or by deed in lieu thereof," and the            
          purpose of the DDA was to effectuate the Redevelopment Plan by              
          providing for the LRA's acquisition of the 23d Street property              
          "for redevelopment by agreement in lieu of an action in eminent             
          domain for such purposes."                                                  
               Escrow documents executed in connection with the DDA                   
          expressly state that the transaction was "in lieu of an action in           
          eminent domain".                                                            
          The New Property                                                            
               In 1992, Mr. Johnson acquired property in the Lancaster Auto           
          Mall that was "property similar or related in service or use to"            






Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011