If an acquiring agency acquires property by condemnation, or by otherwise exercising
the power of eminent domain, and that property is later sold by the acquiring agency for
more than the acquisition price paid to the landowner, the acquiring agency shall pay to the
landowner from whom the property was acquired the difference between the price at which
it was acquired and the price at which it was sold by the acquiring agency less the cost of any
improvements made to or benefiting the land by the acquiring agency. This section does not
apply to property acquired by the state department of transportation.
99 Acts, ch 171, §24, 42; 2000 Acts, ch 1058, §1
\n
Notes of Decisions
Oyens Feed & Supply, Inc. v. Primebank, 879 N.W.2d 853 (Iowa 2016).
“Iowa Code § 6B.59. In the eminent domain context, the phrase “acquisition price” appears to refer only to the amount of money that exchanged hands, not that amount plus the acquiring agency’s other costs incurred for labor, inspectors’ services, surveyor fees, appraiser charges,…”
Amended July 27, 2016 Oyens Feed & Supply, Inc. v. Primebank, No. 15–0806 (Iowa May 27, 2016).
“Iowa Code § 6B.59. In the eminent domain context, the phrase “acquisition price” appears to refer only to the amount of money that exchanged hands, not that amount plus the 24 acquiring agency’s other costs incurred for labor, inspectors’ services, surveyor fees, appraiser…”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.