Hearing starts today

[EagleDad]

blankcheck said:

What purpose would it serve for the lawyers for BB to lie about higher offers-especially from a developer like Cambridge homes?

Uh, hello, they'd get more money.

[EagleDad]

There should be no harm in producing copies of the written offers. Heck, they can post them here.
It's rather stratightforward.

Answer the question Claire!

[wvhsparent]

The TRUTH!!!!!!....You can't handle the TRUTH!

[blankcheck]

Isn' that called pergery? why would estate lawyers do that? For money? Please, give me another reason. If the judge found out they lied, the estate would lose - period.

[EagleDad]

Yeah, who could imagine, a lawyer that lies?!?

No way, never gonna happen. That'd be like Catholic priests abusing kids.

[EagleDad]

Show me the Money!!! (offers)

[gatordog]

Its not a matter of BB attorneys "lying" about a higher offer. The crux of the issue is: "is it a credible offer?" The SD through appraisers and real estate experts argue that a "credible offer" for residental property would be in the $257k range (or lower Howie even said).

It seems to me, to an impartial judge, a better gage of value is actual SALES prices of similar property. If SD appraisers did their job, it seems like the SD shouldnt have much to worry about.

The developers names are given ( Gladstone Builders and Developers and from Cambridge Homes). I wonder if they have recently bought property in this area, and if so, for how much? I does NOT seem to be in the interest of a developer to drive UP land value.

[proschool]

Re: Hearing starts today
« Reply #48 on Today at 5:51pm »

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Isn' that called pergery? why would estate lawyers do that? For money? Please, give me another reason. If the judge found out they lied, the estate would lose - period.


If the BB lawyers had good offers on the table why didn,t they share that infromation months ago. The school board would have either ponied up mnore cash or abandoned the project leaving the BB estate with the abilty to sell thier land to the high bidder. I can't believe that they would keep thier cards so close to their chest and now they have no offers.


A valid negotiation would have swayed my opinion 8 months ago but not now. I doubt if there was a binding contract.

If I was buying a house I wouldn't care what someone was thinking about paying 8 months ago. I would only be concerned about comparable properties that have sold.

If BB had a contract for $420,000 per acre they should have jumped on it. They knew that the scholl district was eyeing the property noone has gotten that much money for any similar properties around here.

[Avenging Eagle]

gatordog said:

The developers names are given ( Gladstone Builders and Developers and from Cambridge Homes). I wonder if they have recently bought property in this area, and if so, for how much? I does NOT seem to be in the interest of a developer to drive UP land value.

We all know that the unscrupulous builders would not think twice to try to cause trouble for the SD and our kids.

We know that the builders were steaming mad when their pet project Ashwood Park was rezoned to WVHS instead of NVHS after heavy marketing and the prices dropped after that.

Notice that they are still too stubborn to change this web page showing NVHS as their school:

www.ashwoodpark.com/Schools.asp

They are still mad and now they are trying to get revenge and overcrowd all of us, kids and everyone else. They would build 8 bedroom, 8 bath condos if they could get away with it.

[blankcheck]

So eagledad, Bob is an attorney, are you saying that he lies as well?

[warriorpride]

wvhsparent said:

Prior to court....during the negotiations...(In the press) they were exaggerating their offers in hopes of garnering a higher offer from the SD. It did not work, but now in Court, if they expect the judge to consider higher offers, they will have to produce them.....IMHO if they did produce them (Higher offers) I would be worried.
BTW the SD is on record stating that if they did not build a school on the site, more homes would be built, adding to the student population, as it was zoned for residential.

Would the judge really consider whether or not houses would be built there?

I'm still confused as to what is exactly being challenged/decided in this hearing. Is BB trying to get the condemnation totally thrown out so that they can sell the land to somebody else? Or, are they just trying to get a higher price from the SD?

And, since this has been going on for a while, does a "fair" price need to be based on today's comparable prices, condemnation was initiated, or when the SD's price negociated with BB started? If it's based on today's prices, I guess it'd be in BB's interest to drag things on as long a possible, as it seems like land prices are still going up around here.

I look forward to hearing what the judge says next week, but let's all remember that either side can challenge the decision.

[proschool]

As I understand it the school board has to pay what the land was worth on the day the condemnation was filed.

[Arch]

Maybe they should pay the assessed value

[chicoryowl]

warriorpride said:

wvhsparent said:

Prior to court....during the negotiations...(In the press) they were exaggerating their offers in hopes of garnering a higher offer from the SD. It did not work, but now in Court, if they expect the judge to consider higher offers, they will have to produce them.....IMHO if they did produce them (Higher offers) I would be worried.
BTW the SD is on record stating that if they did not build a school on the site, more homes would be built, adding to the student population, as it was zoned for residential.

Would the judge really consider whether or not houses would be built there?

I'm still confused as to what is exactly being challenged/decided in this hearing. Is BB trying to get the condemnation totally thrown out so that they can sell the land to somebody else? Or, are they just trying to get a higher price from the SD?

And, since this has been going on for a while, does a "fair" price need to be based on today's comparable prices, condemnation was initiated, or when the SD's price negociated with BB started? If it's based on today's prices, I guess it'd be in BB's interest to drag things on as long a possible, as it seems like land prices are still going up around here.

I look forward to hearing what the judge says next week, but let's all remember that either side can challenge the decision.

See my post from a day ago. They're trying to get it dismissed.

Somebody more knowledgeable on the proceedings than I am can comment on their motivations. However, I think that the purpose is to drive the price up as much as possible on the land.

Also, the price is determined as of the date of condemnation. Wasn't that date very soon after we settled on the 25 acres for $257K?

[chicoryowl]

proschool said:

Re: Hearing starts today
« Reply #48 on Today at 5:51pm »

--------------------------------------------------------------------------------
Isn' that called pergery? why would estate lawyers do that? For money? Please, give me another reason. If the judge found out they lied, the estate would lose - period.



If the BB lawyers had good offers on the table why didn,t they share that infromation months ago. The school board would have either ponied up mnore cash or abandoned the project leaving the BB estate with the abilty to sell thier land to the high bidder. I can't believe that they would keep thier cards so close to their chest and now they have no offers.


A valid negotiation would have swayed my opinion 8 months ago but not now. I doubt if there was a binding contract.

If I was buying a house I wouldn't care what someone was thinking about paying 8 months ago. I would only be concerned about comparable properties that have sold.

If BB had a contract for $420,000 per acre they should have jumped on it. They knew that the scholl district was eyeing the property noone has gotten that much money for any similar properties around here.

I agree with this totally.

The only other item I could add is that if you step back for a moment, what business would offer to pay more than 60% above what a similar parcel had recently sold for? The settlement price was well publicized, and yet they would come in so much higher?