Lowball Watch – Minnesota

The StarTribune.com of December 18, 2010, reports that Washington County set out to acquire 20 acres of land owned by TMT Land V, LLC, and deposited $46,000. But after trial, the jury awarded $380,658, or over eight times the county’s offer. Now, the Minnesota Court of Appeals has ruled that the county also has to pay interest at the rate of 10%, which according to the owner’s lawyer will come to “several tens of thousands of dollrs.”

For the full StarTribune.com sory go to http://www.startribune.com/local/east/111886029.html?elr=KArks:DCiUHc3E7_V_nDaycUiD3aPc:_Yyc:aUnDayc_MDCi_oO4aDk87EaDUr

Leave a Reply

Your email address will not be published. Required fields are marked *