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(DOWNLOAD) "City of San Diego v. D.R. Horton San Diego Holding Company" by Colorado Supreme Court # Book PDF Kindle ePub Free

City of San Diego v. D.R. Horton San Diego Holding Company

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eBook details

  • Title: City of San Diego v. D.R. Horton San Diego Holding Company
  • Author : Colorado Supreme Court
  • Release Date : January 07, 2005
  • Genre: Law,Books,Professional & Technical,
  • Pages : * pages
  • Size : 95 KB

Description

In this eminent domain action, the City of San Diego (City) sought to acquire approximately 12.69 acres of property from a larger parcel owned by D.R. Horton San Diego Holding Company, Inc. (Horton) for a particular segment of the State Route 56 freeway project. In a special verdict, the jury determined that the fair market value of the property taken was $5,589,200, that severance damages to the remainder parcel before consideration of the projects benefits was $5,324,000, and that the project benefits were $5,443,800. Based on these figures, the jury determined there were no net severance damages and the total compensation to be awarded Horton was $5,589,200. On Hortons motion for new trial, the trial court concluded the jurys determination of the value of the property taken in its special verdict was based on a valuation of $445,000 per net developable acre, and its award of severance damages was based on a figure derived from a value of $850,000 per net developable acre. The court granted the motion on the ground the jurys findings as to these components were internally inconsistent and thus against the law.


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