- 4 - interest costs, and (3) incidental expenses. The brochure further specified that the replacement housing payment or purchase supplement was an amount “in addition to the fair market value of your property”. On October 14, 1992, petitioner and the State executed a Stipulation for Settlement and for Entry of Judgment in Condemnation, in which they agreed to settle the pending condemnation action as follows: 1. Purchase of the entire lot and house is agreed in the amount of $65,000.00, inclusive of deposit in court. Defendant will provide a deed for said transfer. 2. Possession by the State will be arranged by the parties in determining Relocation Assistance. 3. Relocation Assistance is separate and apart from this agreed compensation and is treated as a separate proceeding. Pursuant to this stipulation, the court entered a Judgment in Condemnation granting the State’s petition and providing in relevant part: IT IS FURTHER ORDERED, ADJUDGED AND DECREED that the Defendants have deficiency judgment against the State of South Dakota for the difference between $65,000.00 determined as just compensation, and $4,620.00, having been deposited with the Court for the use of the Defendants, being in the ammount [sic] of $60,380.00. * * * * * * * IT IS FURTHER ORDERED, ADJUDGED AND DECREED that possession by the State will be arranged by the parties in determining Relocation Assistance.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Next
Last modified: May 25, 2011