Louis and Karen Metro Family LLC v. Lawrenceburg Conservancy Dist.

Federal 7th Circuit Court
Civil Court
Louis and Karen Metro Family LLC v. Lawrenceburg Conservancy Dist.
Citation
Case Number: 
Nos. 09-2418 & 09-2482 Cons.
Decision Date: 
July 29, 2010
Federal District: 
S.D. Ind., New Albany Div.
Holding: 
Vacated and remanded
Dist. Ct. did not err in finding that defendant-City breached option contract to allow plaintiffs to buy back property that defendant had initially purchased from plaintiffs in anticipation of defendant constructing flood control project where defendants eventually told plaintiff that they could not exercise said option where flood control project was abandoned by defendant and defendant had constructed highway on said land. Dist. Ct. erred, though, in reforming contract to give plaintiffs more time to exercise option since plaintiffs would not be able to use said land given construction of highway on said land. Thus, remand was required to determine value of land immediately prior to construction of highway and to compare said value with cost to repurchase land.