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Do IT this week: Layering
By Carol Biliczky
Beacon Journal staff writer
POSTED: 04:32 p.m. EST, Dec 02, 2008
After more than a year of negotiations and hours shy of a jury trial, the University of Akron reached a settlement today to purchase land owned by Manuel and Colette Nemer.
UA agreed to pay $1.8 million for the Nemers' commercial property on East Exchange Street, the couple's attorney, Russell Smith, said.
The university also agreed not to file for eminent domain for at least 15 years on three other parcels the Nemers bought on Brown and Wheeler streets where they will relocate their businesses.
''The most important thing to Manny was keeping in business,'' Smith said. ''I'm hoping they never touch them'' at their new location.
UA spokesman Ken Torisky declined to comment until contracts had been signed.
The settlement is about $300,000 less than Manny Nemer's cousin, Joe Nemer, and his wife, Mona, received from UA in September for similar property.
Smith said Manny and Colette Nemer's settlement was satisfactory.
''I think the settlement is appropriate, but I don't think it's a roaring victory for either side,'' he said.
''The settlement started out at $900,000, so that part of it is good. I do think in the real world and in Manny and Colette's life, the most important thing will be that they stay in business.''
The settlement includes lawyer and relocation fees and payment for Manny and Colette's share of a parking lot on East Exchange Street that they shared with Joe and Mona Nemer.
Manny Nemer could not be reached for comment.
Manny and Colette Nemer will be allowed to operate their two businesses — Manny's Pub and Aroma Coffee and Tea — until March 1, Smith said. They also lease space to Chopstix restaurant.
Summit County Probate Court was poised to start seating a jury this morning when the parties reached a settlement.
Carol Biliczky can be reached at 330-996-3729 or cbiliczky@thebeaconjournal.com.
After more than a year of negotiations and hours shy of a jury trial, the University of Akron reached a settlement today to purchase land owned by Manuel and Colette Nemer.
UA agreed to pay $1.8 million for the Nemers' commercial property on East Exchange Street, the couple's attorney, Russell Smith, said.
The university also agreed not to file for eminent domain for at least 15 years on three other parcels the Nemers bought on Brown and Wheeler streets where they will relocate their businesses.
''The most important thing to Manny was keeping in business,'' Smith said. ''I'm hoping they never touch them'' at their new location.
UA spokesman Ken Torisky declined to comment until contracts had been signed.
The settlement is about $300,000 less than Manny Nemer's cousin, Joe Nemer, and his wife, Mona, received from UA in September for similar property.
Smith said Manny and Colette Nemer's settlement was satisfactory.
''I think the settlement is appropriate, but I don't think it's a roaring victory for either side,'' he said.
''The settlement started out at $900,000, so that part of it is good. I do think in the real world and in Manny and Colette's life, the most important thing will be that they stay in business.''
The settlement includes lawyer and relocation fees and payment for Manny and Colette's share of a parking lot on East Exchange Street that they shared with Joe and Mona Nemer.
Manny Nemer could not be reached for comment.
Manny and Colette Nemer will be allowed to operate their two businesses — Manny's Pub and Aroma Coffee and Tea — until March 1, Smith said. They also lease space to Chopstix restaurant.
Summit County Probate Court was poised to start seating a jury this morning when the parties reached a settlement.
Carol Biliczky can be reached at 330-996-3729 or cbiliczky@thebeaconjournal.com.
Comments
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North Hill, OH
Posted 05:11 PM, 12/02/2008
WOO HOO!!!!
Suwanee, ga
Posted 06:54 PM, 12/02/2008
I predicted this months ago when his cousin settled. I knew this was coming. They're right they're no winners in this. After you subtract the lawyers fees and court cost from the 1.8 mil. Manny comes out with about what UofA offered or he could have negotiated in good faith in the first place.
Akron, Oh
Posted 07:01 PM, 12/02/2008
15years before they can file eminent domain on the 3 properties they bought recently? 15 years isnt long at all. I bet the Akron University is going to be going here we go again..lol
akron, oh
Posted 07:10 PM, 12/02/2008
Drew, 15 years is long if you are sitting in Jail, ask Plusquellic.
akron, oh
Posted 07:27 PM, 12/02/2008
Shut up once and for all Robert. You must be one of the people Warner promised a job to if he gets elected mayor.
Akron, OH
Posted 08:03 PM, 12/02/2008
Yes, shut up once and for all, Kool Aid Kid
Cuyahoga Falls, Oh
Posted 08:31 PM, 12/02/2008
Hey ron did pluquellic promise you a raise? 15 years is long enough for strickland to apoint a bunch of new University Directors to the point of forgetting about it.
