DocketNumber: No. CV94-71695 S
Judges: SPALLONE, STATE TRIAL REFEREE.
Filed Date: 6/16/1995
Status: Non-Precedential
Modified Date: 4/17/2021
After a plenary heating, all parties present or represented by counsel, the court, based on a preponderance of the credible, relevant and legally admissible evidence, finds, determines and rules as follows:
The plaintiff, Jefra, Inc., is applying for a review of the statement of compensation, in the amount of $98,000.00, filed by the defendant, Town of Essex, on October 1, 1993, with regard to the taking of premises, which are located in the Town of Essex and as is more fully described in the appeal and application for review.
The applicant is the owner of the premises and is aggrieved by the statement of compensation.
The parties' appraisers and the appraisals introduced into evidence are in agreement, and the court so finds, that the highest and best use of property, subject to this appeal, is its present approved use as a maintenance and/or chipping facility. Further, this was a partial taking and the plaintiff's damages, if any, are to be measured by the difference in the value of the remaining land, if any, after the taking.
The plaintiff's expert appraiser, F. Jerome Silverstein, utilizing the sales comparison approach, concluded that the value of the property before the taking was $317,000.00, and that after the take the value was $164,000.00, resulting in damages of $153,000.00.
The defendant's expert appraiser, Robert J. Flanagan, also CT Page 7122 utilizing the sales comparison approach valued the property, before the taking, at $218,000.00, and after the taking to be $120,000.00, indicating damages in the amount of $98,000.00.
In valuating property, the trial court is charged with the duty of making an independent valuation of the property involved.E F Realty Co. v. Commissioner of Transportation,
Guided by the aforesaid applicable law, the court finds the value of the premises, subject to the condemnation to be $260,000.00, before the taking, and after the taking to be $145,000.00, resulting in damages of $115,000.00. The defendant has paid into court the sum of $98,000.00 which the plaintiff has withdrawn and distributed 90% to itself and 10% to the estate of Zilpha DiMaggio. The plaintiff has been damaged in the amount of $17,000.00.
By stipulation of the parties and with no objection to the court, the award of damages is to be distributed by the plaintiff in the same manner and in the same ratio as was the deposit paid into court. CT Page 7123
Accordingly, judgment may enter for the plaintiff, Jefra, Inc., to recover of the defendant, Town of Essex, the sum of $17,000.00 plus an appraisers fee of $1,500.00, plus legal interest and costs.
SPALLONE STATE TRIAL REFEREE
Judgment enters in accordance with the foregoing Memorandum Of Decision
Jonathan W. Field, Deputy Chief Clerk
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E & F REALTY CO. v. Commissioner of Transportation ( 1977 )
Tandet v. Urban Redevelopment Commission ( 1979 )