I question the city and developer's actions regarding what I had thought a standard clause in real estate agreements.
Real estate agreements generally contain an actual or implied warranty that time is of the essence. It is one thing for the city to gift The Fishman Asbury's lands over 30 years; however, this action brings with it an onus to act. That he chooses to under bid, speculate or land bank the property of others bears a time cost to him. On those lands where he failed to act, forthwith as of signing the redevelopment agreement of October 2002, he can not expect to buy at the then appraised value, but must pay the price real estate has inflated since; anything less is unfair to those he holds in this odd purgatory of Weldon and Aaron's making. Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/