Penn Iron Works, Inc. v. Commonwealth

Opinion by

Judge Blatt,

The Department of Transportation (Department) filed a declaration of taking on April 24, 1969, for the condemnation of property owned by the appellant, the Penn Iron Works, Inc. (condemnee) and used for a manufacturing plant. On July 14, 1969, the parties entered into a final settlement agreement for damages which provided in part:

*534“Whereas the property (or property interest) of the Condemnee has sustained damages as a result of said condemnation;

“Now, Therefore, in consideration of the sum of Six Hundred Thousand, Six Hundred ($600,600.00) Dollars, which sum the…