AMSTERDAM URBAN v. MONTGOM. CO. TRUST


78 Misc.2d 292 (1974)

Amsterdam Urban Renewal Agency, Plaintiff, v. Montgomery County Trust Company, as Remaining Executor of John R. Blood and as Trustee under Deed of Trust Created by John R. Blood, et al., Defendants.

Supreme Court, Montgomery County.

June 11, 1974


Attorney(s) appearing for the Case

Vicinanzo & Wollman (Paul L. Wollman of counsel), for plaintiff. Chandler S. Knight for defendants.


WILLIAM J. CRANGLE, J.

Plaintiff acquired title to defendants' real property by condemnation on September 24, 1969. In accordance with General Municipal Law (§ 555, subd. 3, par. b) the parties entered into an agreement of prepayment in an amount equal to 75% of the compensation which had been offered to the owner as the plaintiff's determination of just compensation. This amount was paid on October 10, 1969 but interest thereon which had accrued...

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