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MATTER OF NYC (JAMAICA WATER SUPPLY)

158 Misc.2d 378 (1993)

600 N.Y.S.2d 914

In the Matter of the Application of the City of New York, Re Acquiring Title under Certain Conditions to Real and Personal Property of the Jamaica Water Supply Company.

Supreme Court, Queens County.

June 21, 1993

Attorney(s) appearing for the Case

O. Peter Sherwood, Corporation Counsel of New York City (Leonard Olarsch, Renee Modry and David S. Symons of counsel), for City of New York. Shea & Gould, New York City (Bernard D. Fischman of counsel), for claimant.

EDWIN KASSOFF, J.

In this proceeding brought pursuant to General City Law § 20 (2), the City of New York (City) seeks an order providing that the compensation to be made to the "condemnee", Jamaica Water Supply Company (Jamaica Water), be ascertained and determined by this court solely by the income capitalization method of valuation based on the actual net income as allowed by the Public Service Commission...

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