Iowa Code § 6B.59
Sale of acquired property — reimbursement to landowner
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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
\nNotes of Decisions
Cited in 2
cases, 2016–2016 · leading case: Oyens Feed & Supply, Inc. v. Primebank
Oyens Feed & Supply, Inc. v. Primebank (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 (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…”
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