CONDOMINIUMS; MEETINGS—A condominium association cannot promulgate or enforce rules by actions taken at board meetings held in violation of the open meetings requirement of the Condominium Act.
CONDOMINIUMS; DEVELOPERS; SUCCESSORS—A lender that takes over a condominium project, as a successor developer, but does no substantive construction work is not liable to a pre-takeover unit buyer who was aware of a defect prior to the takeover.
CONDOMINIUMS—The power of a condominium association to delegate authority to an umbrella organization is limited and a municipal land use board can’t make such delegation a condition of site plan approval.
CONDEMNATION; PUBLIC PURPOSE—While public sentiment may be considered in formulating a Master Plan or enacting a zoning ordinance, it is not a proper factor in condemnation.
CONDEMNATION; NEGOTIATIONS—Where bona fide negotiations have already taken place without avail, a condemning authority seeking to slightly increase the amount of property to be taken does not have to reopen negotiations if the change in the value of the property is also slight.
CONDEMNATION; MORTGAGES—A mortgage lender that does not promptly act to claim its share of eminent domain proceeds from a court-held fund is only entitled to collect interest at the interest rate earned on the funds and not at the higher loan interest rate.
CONDEMNATION; LEASES—Absent a lease clause to the contrary, a tenant under a 99 year lease may have the right to share in a condemnation award.
CONDEMNATION; INTEREST RATES—A court has the discretion to set the interest rate to be paid by a condemning authority on the deficiency between the ultimate award and the amount previously deposited by the authority, and that rate can be the “tort” rate, the prime rate or some other interest rate appropriate under all of the circumstances.
CONDEMNATION; INTEREST RATES—In determining the interest rate to be paid on condemnation awards, it is appropriate for a court to consider the prevailing commercial interest rates, the prime rates of interest, and the legal rates of interest and select the rate which will best indemnify the condemnee for loss of use of the compensation.
CONDEMNATION; ENVIRONMENTAL MITIGATION—The Department of Transportation may condemn property to use as part of an environmental mitigation plan related to highway construction.