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ESTATES, INC. v. TOWN OF CHAPEL HILL

No. COA97-842.

504 S.E.2d 296 (1998)

ESTATES, INC. and Timberlyne Investment Co., Petitioners, v. TOWN OF CHAPEL HILL, a North Carolina municipality, and its Town Council, Respondents, Ray L. Carpenter, et ux., et al., Intervenors.

Court of Appeals of North Carolina.

September 1, 1998.

Attorney(s) appearing for the Case

Brown & Bunch by M. LeAnn Nease, Chapel Hill, for petitioner-cross-appellant Estates, Inc.

Alexander & Miller by Sydenham B. Alexander, Jr., and Michael B. Brough & Associates by Michael B. Brough, Chapel Hill, for petitioner-cross-appellant Timberlyne Investment Co., LLC.

Northen Blue, L.L.P. by David M. Rooks, III, Chapel Hill, for intervenors-appellants.

LEWIS, Judge.

Petitioner Estates, Inc. ("Estates") is a South Carolina corporation authorized to transact business in North Carolina. Petitioner Timberlyne Investment Co., LLC ("Timberlyne") is a North Carolina limited liability corporation. By virtue of an Offer to Purchase and Contract executed on 5 January 1995, Timberlyne is the prospective vendor, and Estates is the prospective vendee, of an irregularly shaped 34-acre...

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