Virginia House Bill 295 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 3 2008 - 25% progression, died in chamber
Action: 2008-02-12 - House: Left in Appropriations

Claims; Sumpter and Robin Priddy. Provides relief in the amount of $65,000 to Sumpter and Robin Priddy. Property owned by the Priddys was leased by Virginia Commonwealth University (VCU). The lease included an option for VCU to purchase the property with the price to be based on the average of two appraisals that were to be conducted at the end of the five-year lease. The Virginia Commonwealth University Real Estate Foundation (the “Foundation), a VCU “affiliated organization,” attempted to exercise the option based on appraisals done prior to the expiration of the lease. In a subsequent suit to enforce the option, the court held that in basing the purchase price on appraisals that were done prior to the expiration of the lease, VCU did not properly exercise its option. The amount of the claim is to reimburse the Priddys for attorney and appraisal fees and other costs associated with the Priddys’ defense against the lawsuit.

Claims; Sumpter and Robin Priddy.

Del. Frank Hargrove [R]

Del. Christopher Peace [R]

Date	Chamber	Action
2008-02-12		House: Left in Appropriations
2008-01-15		House: Assigned App. sub: Technology Oversight & Government Activities (Landes)
2008-01-03		House: Referred to Committee on Appropriations
2008-01-03		House: Prefiled and ordered printed; offered 01/09/08 082320676

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?081+sum+HB295