Barket v. City of St. Louis

DOWD, Judge.

Plaintiffs, Keith Barket, et al., appeal from the trial court’s grant of summary judgment in favor of Defendant, the City of St. Louis (City). We reverse and remand.

Plaintiffs are the owners of promissory notes issued by P.D. St. Louis Associates, L.P. (Mortgagor). The promissory notes in question were issued on March 2, 1981, and are secured by deeds of trust on real property located in the City known as the Arcade Building. On December 20, 1979, the City, through its Heritage and Urban Design Commission (HUDC), declared the Arcade Building to be a landmark under the provisions…