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CITY OF FAYETTEVILLE v. IBI, INC.

No. 83-125.

659 S.W.2d 505 (1983)

280 Ark. 484

CITY OF FAYETTEVILLE, AR, Appellant, v. IBI, INC., Appellee.

Supreme Court of Arkansas.

October 31, 1983.

Attorney(s) appearing for the Case

James N. McCord, City Atty., Fayetteville, for appellant.

Kincaid, Horne & Trumbo by David Horne, Fayetteville, for appellee.

GEORGE ROSE SMITH, Justice.

The appellee IBI is a corporation proposing to plat and develop residential subdivisions within the territorial planning jurisdiction of the City of Fayetteville. When IBI sought the Fayetteville Planning Commission's approval of a proposed 7.95-acre subdivision, the commission refused to approve it unless IBI made a contribution to the city of $85.00 per lot, the money to be invested at interest and eventually to be used for the acquisition...

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