IN RE HOTEL SYRACUSE, INC.

Bankruptcy No. 90-02921, Adv. No. 91-60166A.

155 B.R. 824 (1993)

In re HOTEL SYRACUSE, INC., Debtor. HOTEL SYRACUSE, INC., Plaintiff, v. CITY OF SYRACUSE INDUSTRIAL DEVELOPMENT AGENCY, Manufacturers Hanover Trust Company/Central New York, Apple Bank for Savings and Syracuse Economic Development Corporation, Defendants.

United States Bankruptcy Court, N.D. New York.

February 5, 1993.


Attorney(s) appearing for the Case

Shaw, Licitra, Esernio & Schwartz, P.C., Garden City, NY (Stuart I. Gordon, of counsel), for debtor.

Hiscock & Barclay, Syracuse, NY (Laura Harris, Robert Barrer, of counsel), for SIDA and SEDCO.

Menter, Rudin & Trivelpiece, P.C., Syracuse (Peter Hubbard, of counsel), Simpson, Thacher & Bartlett, New York City (Robert A. Bourque, of counsel), for Mfrs. Hanover Trust Co./Cent. New York.

Shea & Gould, New York City (Eric P. Wainer, of counsel), for Apple Bank.


MEMORANDUM-DECISION, FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER

STEPHEN D. GERLING, Bankruptcy Judge.

Presently before the Court and considered herein is the motion by Hotel Syracuse, Inc. ("Debtor"), filed on July 30, 1992, and the cross-motion by the City of Syracuse Industrial Development Agency ("SIDA") and Syracuse Economic Development Corporation ("SEDCO"), filed on August 4, 1992, seeking summary judgment on the issue of whether an agreement dated...

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