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MATTER OF CITY OF N. Y. (MUN. BLDG.)

57 Misc.2d 156 (1968)

In the Matter of City of New York, Relative to Acquiring Title to Real Property for the New Municipal Building and Others, Bounded by Broadway and Other Streets, in the Borough of Manhattan. In the Matter of City of New York, Relative to Acquiring Title to Real Property for an Addition to the Site for a New Municipal Building Annex and Others, Bounded by Broadway and Other Streets, in the Borough of Manhattan.

Supreme Court, Special Term, New York County.

June 4, 1968

Attorney(s) appearing for the Case

Skinner & Bermant, Leddy & Raber; Frank & Whyman; Burns, Kennedy, Schilling & O'Shea; Conway & Tackella; Raphael, Searles & Vischi; and Samuel Goldstein & Sons for claimants. J. Lee Rankin, Corporation Counsel (George Newman, Robert D. Joyce and Joseph Stern of counsel), for City of New York.

ABRAHAM N. GELLER, J.

The question of the proper rate of interest to be directed to be paid in this condemnation proceeding raises fundamental issues of importance.

Section B15-28.0 of the Administrative Code of the City of New York provides that interest from date of vesting shall be paid by the city to the respective owners and section 3-a of the General Municipal Law provides that the rate of interest...

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