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OLD BRIDGE OWNERS CO-OP. CORP. v. TWP OLD BRIDGE

Nos. 99-5602, 99-5603.

246 F.3d 310 (2001)

OLD BRIDGE OWNERS COOPERATIVE CORP; North County Conservancy of Union City, L.L.C.; Grandview Estates of New Jersey, LP, a New Jersey Limited Partnership; Old Bridge Partners I, L.L.C., a New Jersey Limited Liability Company Federal Deposit Insurance Corporation, as Receiver for Metro North State Bank and The Merchants Bank ("FDIC") Intervenor-Plaintiff in D.C., v. TWP OF OLD BRIDGE; Old Bridge Municipal Utilities Authority Twp of Old Bridge, Appellant in 99-5602 Federal Deposit Insurance Corporation, as Receiver for Metro North State Bank and The Merchants Bank ("Fdic"), Appellant in 99-5603.

United States Court of Appeals, Third Circuit.

Filed April 10, 2001.

Attorney(s) appearing for the Case

Timothy J. O'Neill, Jamieson, Moore, Peskin & Spicer, Princeton, NJ, Counsel for North County Conservacy of Union City, L.L.C. and Old Bridge Partners I, L.L.C.

Lawrence H. Richmond, DC 20434, Federal Deposit Insurance Corporation, Washington, Counsel for Federal Deposit Insurance Corporation.

William S. Ruggierio, Township of Old Bridge, Old Bridge, NJ, Counsel for Township of Old Bridge.

Louis E. Granata, Granata, Wernik & Zaccardi, Matawan, NJ, Counsel for Old Bridge Municipal Utilities Authority.

Keith A. Bonchi, Goldenberg, Mackler, Sayegh, Mintz, Pfeffer, Bonchi & Gill, Northfield, NJ, Counsel for New Jersey State League of Municipalities and Tax Collectors and Treasurers Association of New Jersey.

BEFORE: BECKER, Chief Judge, AMBRO and STAPLETON, Circuit Judges.

Submitted Under Third Circuit LAR 34.1(a), February 6, 2001.

OPINION OF THE COURT

AMBRO, Circuit Judge:

Federal Deposit Insurance Corporation ("FDIC") appeals from the final judgment of the United States District Court for the District of New Jersey holding the FDIC personally liable for delinquent property taxes, and water and sewer charges, accrued with respect to an apartment complex during the years that the FDIC held a mortgage interest in the...

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