Annunziato v. T-M Corp.

CourtSuperior Court of Maine
DecidedDecember 7, 2011
DocketPIScv-97-20
StatusUnpublished

This text of Annunziato v. T-M Corp. (Annunziato v. T-M Corp.) is published on Counsel Stack Legal Research, covering Superior Court of Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Annunziato v. T-M Corp., (Me. Super. Ct. 2011).

Opinion

JJ6-J2­ STATE OF MAINE SUPERIOR COURT PISCATAQUIS, ss. CIVIL ACTION DOCKET NO. CV-97-20

RICHARD ANNUNZIATO, et al.,

Plaintiffs

v. ORDER

T-M CORPORATION, et al.,

Defendants.

This litigation originally concerned certain rights and liabilities of owners and

developers of the Kineo peninsula and Rockwood dock areas of Moosehead Lake. It

began in 1997 when two landowners, Richard and Kathleen Annunziata, filed a five­

count complaint against the Kineo developer, T-M Corporation ("T-M"), individuals

associated with the corporation, the owners association,· and several other Kineo

landowners. The complaint prompted the defendants to file a variety of counterclaims,

cross-claims, and third party complaints. The Court decided many of the issues that

were raised by these pleadings by partial summary judgment orders and eventually

decided most of the remaining issues, after trial, by Order dated May 9, 2005. The case

then remained inactive for a period of time until September 25, 2007, when the Mitchell

cross-claimants filed a motion to determine future proceedings. The Court then issued

an order requiring T-M to indicate whether it had any unresolved claims in the

litigation. After receiving T-M's response, the Court conducted further proceedings to

resolve all remaining claims.

On March 22-24, 2011, the Court conducted a trial in this matter, and heard

evidence on four separate issues: (1) the cross-claim of James ~ ~ ~ci&. Filed against T-M for a portion of "net profits" from the sale of common land .ased2omfllieir

1 Piscataquis County Cl~rk S · .rfflc8 3 1988 agreement (Cross-Claimants' Ex. F-2); (2) the Mitchells' cross-claim related to a

provision in that agreement requiring T-M to perform certain work on the Mitchell lots;

(3) T-M' s counterclaim against the Annunziatos for business defamation and slander of

title; and (4) T-M's counterclaim against the Annunziatos for foreclosure based on their

alleged failure to pay association assessments. The Court received evidence on all issues

except for the foreclosure claiin, deferring hearing on that claim until it decided the

Annunziatos' motion for judgment as a matter of law on that count. It was decided at

the time that there would be no further hearing if the motion were granted, but further

hearing would be required if the motion were denied.

I. MITCHELL CROSS-CLAIMS

In March of 1988, T-M purchased a large tract of land bordering Moosehead Lake

consisting of a peninsula upon which a grand hotel had once been located, as well as a

dock and surrounding land in Rockwood, the customary point of access to the

peninsula. On a portion of the property there existed a forty-eight-lot subdivision

already approved by the Land Use Regulatory Commission ("LURC"). Remaining on

the peninsula were some structures that had been appurtenant to the hotel, but they

had been neglected and were in a state of disrepair. A golf course was also located on

the peninsula, but it had not been recently maintained. Approximately ten of the forty­

eight lots had already been sold at the time of T-M's purchase, and most of the

remaining land was designated as common land or occupied by the golf course. Most

of the initial litigation concerned the rights of the landowners and developers to the use,

sale, or development of the common land.

James E. Mitchell and Elizabeth H. Mitchell were the record owners of Lots 10

and 11 in the subdivision prior to T-M's purchase of the Kineo property. After T-M's

purchase, Gary Merrill, the president of T-M, desiring to cause its relationship with the

2 Mitchells and other original owners to be identical to its relationship with future

purchasers vis-a-vis the enforceability of restrictions and covenants (including rights to

the common land), negotiated with the Mitchells a deed swap, which required the

Mitchells (the original owners) to relinquish their rights under the original subdivision

plan and become subject to a new Declaration of Covenants and Restrictions. As a part

of this negotiation, T-M and the Mitchells entered into anagreement in which the

Mitchells relinquished their pre-existing rights to the "common land" designated in the

original subdivision plan. (cross-claimants' ex. F-2) In exchange, T-M agreed to: (1) pay

the Mitchells one-twentieth of all net profits made on the sale or development of the

common lands, and (2) install, at the Mitchell's request and T-M's expense, driveways

on the Mitchell lots (10 and 19), clear and clean up those lots, and install, at the

Mitchell's request and T-M's expense, septic systems on the lots in accordance with

LURC permits, provided that the Mitchells pay for the cost of all materials necessary for

the installation. These two provisions are the subject of the cross-claims that the Court

now addresses.

A. NET PROFITS DUE

T-M sold parcels of common land after making the 1989 agreement. In 1994, the

company sold the golf course for approximately $100,000 and paid the Mitchells 5% of

the profit from the land portion of the sale. 1 The company sold the Rockwood portion of

the common land upon which the dock was located for $250,000 in 1990, and in 1998 it

sold a portion of the common land called the "hillside" for $100,000. T-M did not pay

any sums to the Mitchells reflective of either of these sales. Additionally, T-M conveyed

its remaining common land-described as Lot 65 and comprised of, most importantly,

"the shorefront," a narrow strip comprising most of the shorefront involved in the

1 The Mitchells are making no claim related to this transaction.

3 development-to the Kineo Community Owners Association in 1998, receiving no

direct monetary proceeds from the conveyance. The strip was over 4,000 feet long and

generally followed the perimeter of the development, between the lots and the shore of

the lake, and the tax-assessed value of the parcel at the time of the conveyance was

$388,200. The Mitchells assert that they should be awarded 5% of a sum comprised of

the $350,000 in proceeds plus the $388,200 assessed value of the shorefront lot. T-M and

Merrill assert there were no net profits from these conveyances.

The concept of "net profit" as applied to the facts of this case is not easily

defined. The term is not defined in the agreement, and no accountants, appraisers or

similar experts testified at trial. In the absence of such guidance in ascertaining an

appropriate definition, the Court adopts a generic definition: "total sales revenue less

the cost of goods sold and all additional expenses." Black's Law Dictionary 1329 (9th ed.

2009). The Court will attempt to apply this definition to the facts of this case in order to

determine the net profit derived from the sale/ conveyance of common land. The Court

will first determine what revenue was generated from sales and then evaluate cost and

related expense.

1. Determining Net Profit from Revenue and Cost Calculation for

Each Parcel

a. Revenue Derived from Sale

First, the Court turns to an analysis of T-M's proceeds from the sale of common

lands. Clearly, it gained $350,000 from the sale of the hillside and Rockwood properties.

It is less clear whether T-M received any sales revenue from its conveyance of the back

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