Charles WV Mall, LLC v. Charleston Urban Renewal Authority and UMB Bank, N.A., as Successor Trustee for the Bondholders for the Series 1996C Subordinate Capital Appreciation Parking Facility Refunding Bonds

CourtIntermediate Court of Appeals of West Virginia
DecidedJune 7, 2023
Docket22-ica-36
StatusPublished

This text of Charles WV Mall, LLC v. Charleston Urban Renewal Authority and UMB Bank, N.A., as Successor Trustee for the Bondholders for the Series 1996C Subordinate Capital Appreciation Parking Facility Refunding Bonds (Charles WV Mall, LLC v. Charleston Urban Renewal Authority and UMB Bank, N.A., as Successor Trustee for the Bondholders for the Series 1996C Subordinate Capital Appreciation Parking Facility Refunding Bonds) is published on Counsel Stack Legal Research, covering Intermediate Court of Appeals of West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Charles WV Mall, LLC v. Charleston Urban Renewal Authority and UMB Bank, N.A., as Successor Trustee for the Bondholders for the Series 1996C Subordinate Capital Appreciation Parking Facility Refunding Bonds, (W. Va. Ct. App. 2023).

Opinion

IN THE INTERMEDIATE COURT OF APPEALS OF WEST VIRGINIA

FILED 2023 Spring Term _____________________________ June 7, 2023 No. 22-ICA-36 released at 3:00 p.m. EDYTHE NASH GAISER, CLERK _____________________________ INTERMEDIATE COURT OF APPEALS OF WEST VIRGINIA CHARLES WV MALL, LLC, Defendant Below, Petitioner, v. CHARLESTON URBAN RENEWAL AUTHORITY, Intervenor Below, Respondent,

and

UMB BANK, N.A., AS SUCCESSOR TRUSTEE FOR THE BONDHOLDERS FOR THE SERIES 1996C SUBORDINATE CAPITAL APPRECIATION PARKING FACILITY REFUNDING BONDS, Third Party Defendant Below, Respondent. ________________________________________________________________________ Appeal from the Circuit Court of Kanawha County Honorable Joanna I. Tabit, Judge Civil Action No. 17-C-1527 REVERSED AND REMANDED WITH DIRECTIONS ________________________________________________________________________ Submitted: April 4, 2023 Filed: June 7, 2023 Mychal S. Schulz, Esq. Ann R. Starcher, Esq. Charles F. Saffer, Esq. Thomas G. Casto, Esq. Babst, Calland Clements & Zomnir, P.C. Lewis Glasser PLLC Charleston, West Virginia Charleston, West Virginia Counsel for Petitioner Counsel for Respondent Charleston Urban Renewal Authority Shawn P. George, Esq. Jennie O. Ferretti, Esq. George & Lorensen PLLC Charleston, West Virginia Counsel for Respondent UMB Bank, N.A.

CHIEF JUDGE GREEAR delivered the Opinion of the Court. JUDGE LORENSEN, voluntarily recused. JUDGE PHILLIP M. STOWERS, sitting by temporary assignment. GREEAR, Chief Judge: Petitioner, Charles WV Mall, LLC (“Petitioner”) appeals an order of the Circuit

Court of Kanawha County, entered on July 8, 2022, granting Respondents, Charleston

Urban Renewal Authority and UMB Bank, N.A.’s (collectively “Respondents”) Motion to

Reopen Civil Action and Enforce Prior Orders of the Court.

Having reviewed this matter, we conclude that the circuit court erred in granting

Respondents’ motion, as the basis for the prior order that Respondents sought to enforce

was a contractual relationship that no longer exists. Accordingly, we remand this case to

the Circuit Court of Kanawha County for further proceedings consistent with this opinion.

Background In 1983, Charleston Town Center (“Mall”) opened for business in Charleston, West

Virginia. As a part of its operations, the Mall entered into written lease agreements with its

tenants, which commonly contained “additional rent” charges for the operation and

maintenance of the Mall’s parking garages. These parking garages are situated on land

owned by Charleston Urban Renewal Authority (“CURA”). UMB Bank, N.A. (“UMB

Bank”) is the bond trustee for the bonds sold by Charleston Building Commission (“CBC”)

to finance the construction of the parking garages. Originally, four anchor stores owned

their respective corner lots; the Mall was owned by the developer; and the parking garages

were leased by an affiliate of the developer from CBC. 1 During the developmental stage,

CURA and the original developer entered into various agreements with one another and

The anchor stores included Sears, Roebuck and Co., The May Department Stores 1

Company, The Montgomery Wards Group, and The Penney Group. 1 the four anchor stores concerning the construction, development, and ownership of the

Mall. Those agreements included the Construction, Operation and Reciprocal Easement

Agreement (“COREA”) executed on April 20, 1982, and the Joint Development Agreement

(“JDA”) with Attachment No. 4, executed on April 15, 1981. Both of those agreements

were recorded in the land records in Kanawha County.

Section 10.9(b)(ii) of the COREA states:

No charge of any type shall be made to or collected from any Occupant or other Permittee for parking in the Parking facility, except (i) as provided in Exhibit G [parking regulations and hourly rates] and (ii) Occupants may be required to pay Developer or Operator parking charges pursuant to their respective Leases or Separate Agreements . . . .

Further, section II(D) from Attachment No. 4 of the JDA provided:

In addition to the receipts derived from the Operation of the Parking Facility, the Developer shall provide additional income for the Parking Facility from the Mall Tenants in the Retail Center in the amount of a minimum of contribution of sixty cents per square foot of gross leasable area of the Mall Space escalated every five years by an additional ten cents per square foot, all payments for parking received by the Developer from Mall Tenants in excess of said sixty cents per square foot of gross leasable area of Mall Space and payments, if any, for parking received by the Developer from Department Stores in the Retail Center.

In 2007, the original developer transferred its interest in the Mall to Charleston

Town Center SPE, LLC, (“SPE”), who then obtained a $100,000,000 loan from Morgan

Stanley Mortgage Capital, Inc. To secure payment of sums due under the loan, SPE

executed a deed of trust and security agreement. Under the deed of trust, SPE conveyed

the title to the Mall as security. In 2017, after the deed of trust was assigned to US Bank,

2 US Bank filed a complaint in the Circuit Court of Kanawha County in which it asked the

court to declare that SPE defaulted on its loan and to have a receiver appointed to preserve

and protect the Mall pending the trustee’s sale of the same. Subsequently, CURA and the

City of Charleston filed a motion to intervene, which was granted.

On April 27, 2018, the circuit court entered an order for the appointment of both a

Mall Receiver and a Parking Garage Receiver. Thereafter, all parties to the litigation,

except US Bank, filed the Joint Motion to Transfer the Mall Tenant Parking Charges from

Mall Receiver to Garage Receiver. The motion was based on: (1) Attachment No. 4 of the

JDA; (2) Section 10.9(b) of the COREA; (3) the parking charge lease provision in tenant

leases; and (4) the course of performance regarding the parking garage tenant charges from

the beginning of the Mall’s operation until the filing of the motion. On January 14, 2019,

the circuit court entered its Order Granting Joint Motion for Transfer of Mall Tenant

Parking Charges from Mall Receiver to Garage Receiver. In that order, the circuit court

found:

3. Mall tenants understood, agreed to, and have been paying parking charges in monthly installments for the operation and maintenance of the adjacent parking garages, based on a dollar amount per square foot and their gross leasable area. Such monthly installments were subject to increase over time. This is seen with clarity in the customary parking charge lease provision:

Section 12.6-Parking

Landlord agrees to provide parking facilities adjacent to the Shopping Center for parking of motor vehicles. For each calendar year, Tenant agrees to pay Landlord annually, in twelve (12) equal monthly installments, together with the other charges specified in Article XII, as additional rental for the operation and maintenance of the garage, an amount equal to One and 60/100 Dollars ($1.60) per square foot, multiplied by the Premises CLA . . . .

3 4. The purpose of the Mall assessing parking charges to tenants was to support the operations and maintenance of the parking garages . . . .

7. Original to the development of the Mall is [the JDA] . . . This cornerstone document was recorded by the Clerk of the Kanawha County Commission . . . . Attachment No. 4 to the JDA . . . memorializes that [Mall developer] was charged with providing additional income for the parking garages from the Mall tenants at a certain rate. (paragraph goes on to quote section II(D) from Attachment No. 4)

8.

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Charles WV Mall, LLC v. Charleston Urban Renewal Authority and UMB Bank, N.A., as Successor Trustee for the Bondholders for the Series 1996C Subordinate Capital Appreciation Parking Facility Refunding Bonds, Counsel Stack Legal Research, https://law.counselstack.com/opinion/charles-wv-mall-llc-v-charleston-urban-renewal-authority-and-umb-bank-wvactapp-2023.