Comments on: Why Would Toll Brothers Sue to Block Construction at the Promenade? http://www.arounddublinblog.com/2009/06/why-would-toll-brothers-sue-to-block/?utm_source=rss&utm_medium=rss&utm_campaign=why-would-toll-brothers-sue-to-block Dublin, CA (California) News & Online Community Thu, 09 Feb 2012 02:30:42 +0000 hourly 1 By: Anonymoushttp://www.arounddublinblog.com/2009/06/why-would-toll-brothers-sue-to-block/#comment-2479 Anonymous Thu, 01 Jan 1970 00:00:00 +0000 http://www.johnzukoski.com/arounddublin/2009/06/why-would-toll-brothers-sue-to-block-construction-at-the-promenade/#comment-2479 The Dork Brothers as we all know them now. Biting the hands of their partners (Dublin residents, Villages homeowners, City of Dublin) by proceeding with this silly lawsuit to settle an agenda. It will bite them in the ASS. The Dork Brothers as we all know them now. Biting the hands of their partners (Dublin residents, Villages homeowners, City of Dublin) by proceeding with this silly lawsuit to settle an agenda. It will bite them in the ASS.

]]> By: Anonymoushttp://www.arounddublinblog.com/2009/06/why-would-toll-brothers-sue-to-block/#comment-2259 Anonymous Thu, 01 Jan 1970 00:00:00 +0000 http://www.johnzukoski.com/arounddublin/2009/06/why-would-toll-brothers-sue-to-block-construction-at-the-promenade/#comment-2259 The only possible question in the case should be "When does/did the option expire?".<br /><br />If Toll had until 2010 to purchase, they are under no obligation to do anything until the time expires. Just like in the financial market there is a time value of money and Toll should be compensated to vacate the option contract (if there is time remaining).<br /><br />If the option has expired, it's tough luck for Darth Toll. Purchasing an option has the same risk profile as putting a chip down on the roulette wheel. If my number doesn't come up, I don't get to pick up my chips.<br /><br />I hope the City of Dublin has a countersuit ready to go as a result of the economic losses if the suit is deemed frivolous. The only possible question in the case should be "When does/did the option expire?".

If Toll had until 2010 to purchase, they are under no obligation to do anything until the time expires. Just like in the financial market there is a time value of money and Toll should be compensated to vacate the option contract (if there is time remaining).

If the option has expired, it's tough luck for Darth Toll. Purchasing an option has the same risk profile as putting a chip down on the roulette wheel. If my number doesn't come up, I don't get to pick up my chips.

I hope the City of Dublin has a countersuit ready to go as a result of the economic losses if the suit is deemed frivolous.

]]> By: P-Towniehttp://www.arounddublinblog.com/2009/06/why-would-toll-brothers-sue-to-block/#comment-2240 P-Townie Thu, 01 Jan 1970 00:00:00 +0000 http://www.johnzukoski.com/arounddublin/2009/06/why-would-toll-brothers-sue-to-block-construction-at-the-promenade/#comment-2240 I am sympathetic to the situation the City of Dublin is in. As much as I hate Charter for jamming that nasty Oak Grove project down our throat, I find myself oddly agreeing with the court's ruling in this particular case. Must be a cold day in Hell.<br /><br />If I were living in Dublin, the first thing I'd do is to find out if Toll Brothers is benefiting from a impact fee deferral program. Many cities are following Pleasanton's lead in allowing developers to pay impact fees as they sell units. These deferrals are essentially interest-free loans from the City to the developers if you think about it. If Toll Brothers is suing Dublin, why should Dublin continue to fund the litigation indirectly?<br /><br />http://www.ci.pleasanton.ca.us/pdf/legal-program-impactfees.pdf<br /><br />It's never pleasant to be taken to court by a developer. Trust me I know. I am sympathetic to the situation the City of Dublin is in. As much as I hate Charter for jamming that nasty Oak Grove project down our throat, I find myself oddly agreeing with the court's ruling in this particular case. Must be a cold day in Hell.

If I were living in Dublin, the first thing I'd do is to find out if Toll Brothers is benefiting from a impact fee deferral program. Many cities are following Pleasanton's lead in allowing developers to pay impact fees as they sell units. These deferrals are essentially interest-free loans from the City to the developers if you think about it. If Toll Brothers is suing Dublin, why should Dublin continue to fund the litigation indirectly?

http://www.ci.pleasanton.ca.us/pdf/legal-program-impactfees.pdf

It's never pleasant to be taken to court by a developer. Trust me I know.

]]> By: John M. Zukoskihttp://www.arounddublinblog.com/2009/06/why-would-toll-brothers-sue-to-block/#comment-2223 John M. Zukoski Thu, 01 Jan 1970 00:00:00 +0000 http://www.johnzukoski.com/arounddublin/2009/06/why-would-toll-brothers-sue-to-block-construction-at-the-promenade/#comment-2223 Hi "Stop..." - I haven't heard how much money was involved with the land options<br /><br />Thx, John Z. Hi “Stop…” – I haven’t heard how much money was involved with the land options

Thx, John Z.

]]> By: Stop the Toll Trolls from Raping Dublinhttp://www.arounddublinblog.com/2009/06/why-would-toll-brothers-sue-to-block/#comment-2222 Stop the Toll Trolls from Raping Dublin Thu, 01 Jan 1970 00:00:00 +0000 http://www.johnzukoski.com/arounddublin/2009/06/why-would-toll-brothers-sue-to-block-construction-at-the-promenade/#comment-2222 Do we know how much money Toll lost when they decided not to go through with the transaction? Do we know how much money Toll lost when they decided not to go through with the transaction?

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