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! <br />! <br /> <br />I <br />I <br />I <br />I <br /> I <br /> I <br /> I <br /> <br />AUG-29-199? 15:18 <br /> <br />relevant facts. <br /> <br />CITY OF RAMSEY 612 42? 5545 P.09/09 <br />BIack's Law Dictionary, Sixth Edition, p. 597. The Minnesota <br /> <br />Supreme Court has defined fair market value as the measure of <br />compensation which a purchaser willing but not required to buy property <br /> <br />would pay to an owner willing but not required to sell it taking into <br />consideration the highest and best use. Eerche Acquisitions, Inc, v. County. <br /> <br />~of Benton, 550 N.W.2d 631,634 (Minn. 1996); _State v., Strom, 493 N.W. 2D <br />554, 559 (Minn. 1992). Although these two cases deal with the fair market <br />value of property in assessment and condemnation proceedings, the <br />definition used by these cases for fa:,r market value is in line with the definition <br />in Black's Law Dictionary and is applicable to the case at hand. It is <br />reasonable to assume that the fair market value of property is the amount that <br />someone would be willing to pay for the sign. Defendant's position does not <br />address fair market value but rather only states that since the supports are <br />destroyed the sign is destroyed. Plaintiff has provided proof that the damage <br /> <br /> ~ /'udg'e of District Court <br /> k, <br /> 5 <br /> <br />TnT~I P Rq <br /> <br /> <br />