First American National Bank v. State

OTIS, Justice.

Minn.Stat. § 161.44 (1980) provides, among other things, that land acquired by the State for highway purposes but no longer needed therefor shall first be offered for reconveyance to the previous owner or successors in interest. Id. subds. 2 and 3. The State of Minnesota and its Department of Transportation (DOT) appeal from an order of the district court requiring the reconveyance of certain realty at a price based upon its highest and best use at the time of the taking or at the original purchase price, plus interest compounded annually at the statutory legal rate for each…