City of New Albany v. Board of Commissioners of the County of Floyd, New Albany Floyd County Indiana Building Authority

Bradford, Judge.

[1] The City of New Albany ("the City") has petitioned for rehearing, contending, contrary to our opinion in this case, that a purchase option included in an original lease does not carry over into a holdover tenancy like the other terms and conditions of the original lease. We grant the City's petition for the sole purpose of addressing its contention; however, we disagree, and our original opinion remains unchanged.

[2] In support of its contention, the City directs our attention to Libin v. Peters , in which another panel of this court concluded that "[w]here the original…