Missed Flashcards
Abatement of public nuisance
an exercise of police power whereby gov does not have to offer property owner just compensation before taking property so long as owner has proper notice and time to be heard
Not public purposes, private gain
increasing revenue, economic development, increasing jobs,
Who determines just compensation
Ct appoints condemnatio jurors who determine issue of just compensation in accordance w procedures prescribed by condemning authority,…
Must be sworn and determine the issue of just compensation at a hearing set for it
Fair market value: lost profits
fair mrkt value is determined at time of taking and can include lost profits if determined to a reasonable certainty of the net income for up to 3yrs prior to the valuation date
Lost profits must result from
inability to relocate the biz in a reasonable way and may not be duplicated in the compensation otherwise awarded