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LOWER v. VILLAGE OF WATKINS GLEN

17 A.D.3d 829 (2005)

794 N.Y.S.2d 140

WILLIAM L. LOWER et al., Appellants, v. VILLAGE OF WATKINS GLEN, Respondent, et al., Defendant.

Appellate Division of the Supreme Court of the State of New York, Third Department.

April 14, 2005.

Lahtinen, J.

On August 30, 1999, plaintiffs entered into a purchase option agreement with defendant Village of Watkins Glen for a 3.4-acre parcel owned by the Village. Plaintiffs paid the Village $500 and were granted six months in which to purchase the parcel for $125,000. The agreement also allowed for a six-month renewal period upon payment of another $500. The agreement required plaintiffs to develop the property and...

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