Pyramid Co. v. Tibbets

OPINION OF THE COURT

George G. Inglehart, J.

By deeds dated May 17, 1985 and August 2, 1985, title to part of "Greats Lots 5, 11 and 12” located in the Town of Watertown, Jefferson County, New York, was conveyed to the petitioner. The property was chosen and purchased by the petitioner as the site for the construction of a new shopping mall. In its efforts to obtain financing for the mall project, the petitioner entered into an arrangement with the Jefferson County Industrial Development Agency (hereinafter referred to as the JCIDA). At the same time, the parties also entered into an…