Here are some thoughts on a timeline for the condemnation of 140 GPR.
We need to take the property before Ireland takes possession. There are a few reasons for this, IMHO:
1. If we take it from Agilent, we can probably get away with a few million for the process.
2. If we wait until after ireland closes on the property at 16 Megs, we may become compelled by the courts to pay him said amount for the property, which we do not want to do.
3. If we condemn the property before ireland closes on it, we avoid the clash that would occur between the RLUIPA legislation vs the 5th Ammendment ruling which occured recently.
4. If we take the property after ireland closes on it, we have a direct clash between RLUIPA and the SC ruling on the 5th ammendment - - - that could make things much more messy.
We must take the property by Eminent Domain NOW! Our reasoning is simple. We need to optimize the tax revenues derived from that property. We plan to sell it to a developer who will increase the tax ratable of the land with a minimum impact on the environment and the infrastructure.