Legal Opinion
In re New York Urban Development Corp.
New York Supreme Court
Decided July 24, 2001Published
1Opinion of the Court
OPINION OF THE COURT
Stanley Parness, J.
Condemnor and claimant both move to resettle the judgment *304to be entered as it relates to interest on condemnation awards made on properties taken in the above 1994 and 1995 vestings. Claimant seeks prejudgment interest at the 9% rate permitted by the statute, while condemnor urges interest at 6%.
In the judgments entered against this same condemnor upon the awards made on the properties vested in 1990, interest was fixed by this court at the 9% rate set forth in CPLR 5004 for the reasons stated in this court’s March 1998 decision (Matter of New York State…
2Cases cited5 opinions
- Rodriguez v. New York City Housing AuthorityNew York Court of Appeals · 1997
- In re the City of New YorkNew York Court of Appeals · 1983
- Metropolitan Transportation Authority v. American Pen Corp.New York Court of Appeals · 1999
- Auer v. StateAppellate Division of the Supreme Court of the State of New York · 2001
- In re the New York State Urban Development Corp.New York Supreme Court · 1998