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Real Estate & Property Law

: Law of the Land

Reasonableness of Amortization Period Requires Fact Specific Inquiry

By Patty Salkin

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In 1994, the Plaintiff acquired property that included an asphalt plant that had been in existence since 1945.  In 1985, the Village Board of Trustees amended the zoning code making the use of the property for an asphalt plant nonconforming.  In 2000, the Board of Trustees adopted a local law to amortize the nonconforming asphalt [...]

Full post as published by Law of the Land on February 10, 2009 (boomark / email).

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