Elite Storage v. Dan Brennan

CourtColorado Court of Appeals
DecidedDecember 12, 2024
Docket23CA2094
StatusUnpublished

This text of Elite Storage v. Dan Brennan (Elite Storage v. Dan Brennan) is published on Counsel Stack Legal Research, covering Colorado Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Elite Storage v. Dan Brennan, (Colo. Ct. App. 2024).

Opinion

23CA2094 Elite Storage v Dan Brennan 12-12-2024

COLORADO COURT OF APPEALS

Court of Appeals No. 23CA2094 Weld County District Court No. 21CV30550 Honorable Shannon D. Lyons, Judge

Elite Storage Holdings, LLC, a Colorado limited liability company,

Plaintiff-Appellant,

v.

Dan Brennan, LLC, a Colorado limited liability company,

Defendant-Appellee.

JUDGMENT AFFIRMED AND CASE REMANDED WITH DIRECTIONS

Division VII Opinion by JUDGE SCHUTZ Tow and Pawar, JJ., concur

NOT PUBLISHED PURSUANT TO C.A.R. 35(e) Announced December 12, 2024

Nelson Mullins Riley & Scarborough, LLP, Blake A. Gansborg, Denver, Colorado; Nelson Mullins Riley & Scarborough, LLP, Terrance W. Anderson, Jr., Boca Raton, Florida, for Plaintiff-Appellant

Flanders, Elsberg, Herber & Dunn, LLC, Mark A. Herber, Andrew N. Dunkin, Longmont, Colorado, for Defendant-Appellee ¶1 Elite Storage Holdings, LLC (Elite) appeals the trial court’s

judgment on its breach of contract claims brought against Dan

Brennan, LLC (Brennan). We affirm the judgment and remand the

case so that the trial court may determine and award Brennan its

reasonable attorney fees incurred on appeal.

I. Background

¶2 After a bench trial, the court made findings of fact and

conclusions of law that reveal the following.

¶3 Dan Brennan was the sole member and manager of Brennan,

LLC and sole shareholder of Highway 85 Self-Storage, Inc. (Highway

85). Highway 85 owned and operated a self-storage business, and

Brennan owns the land on which the business is located.

¶4 Cory Herman-Calvin (Calvin1) owned several companies.

While the parties negotiated the contracts in question, he created

and became the sole member and manager of Elite.

1 During his testimony at trial, Calvin gave his legal name as Cory

Herman-Calvin. However, throughout proceedings at the trial court, and the briefs and oral argument to this court, he was referred to by all parties as Cory Calvin. We adopt this convention. ¶5 Brennan, Highway 85, and Elite2 entered into contracts for

Elite to purchase both the assets of Highway 85 and the associated

land. The sale was divided into two contracts: one for the purchase

of the self-storage business, called the Asset Purchase Agreement

(APA); the second for the land purchase, called the Purchase and

Sale Agreement (PSA). Each contract included a purchase price of

$4 million, for a combined purchase price of $8 million, with $1.6

million due from Elite at closing. Although the purchase price was

divided equally between both transactions — apparently for tax

purposes — the vast majority of the value encompassed by the

combined purchase price was attributed to the land.

¶6 The parties spent months completing the contractually

required delivery of documents and due diligence. The PSA

contained a sixty-day inspection period, during which Brennan was

required to deliver specific documents and information to Elite.

¶7 The contracts specified that the closing date was to be held

within thirty days of the completion of the inspection period. Elite

had the right to extend the closing date by one day for each day

2 The rights associated with the subject contracts are Elite’s only

asset. that Brennan delayed providing the specified documents. Elite also

had the right to delay the closing period one time for a period not to

exceed sixty days. The contracts contained no mechanism by

which the inspection period could be reopened once it was closed

without objection.

¶8 During the inspection period, Elite made two objections. First,

it asserted that Brennan had not provided three specified

documents. Brennan later provided those documents, and Elite

made no further objection with respect to them.

¶9 Second, Elite objected to an unresolved dispute related a

thirty-foot access easement on the property. Because the easement

issue needed to be resolved, the parties extended the inspection

period multiple times, with the final amendment stating that the

inspection period would end the earlier of June 15, 2021, or the

date a new easement was recorded.

¶ 10 Because the parties could not close until the inspection period

was finished, the closing date was moved each time the inspection

period was extended. A mutually acceptable revised easement was

recorded on June 24, 2021. Thus, the inspection period ended on June 15, 2021. By mutual agreement, the parties set a closing date

of July 19, 2021.

¶ 11 During the prolonged inspection period, Calvin attempted to

raise funds to close the contracts. He eventually obtained investor

support, but then told the investors that he did not intend to go

through with the purchases. Instead, he moved forward alone.

¶ 12 The night before the scheduled closing, Calvin informed

Brennan that Elite would not be going through with closing on

either contract, raising several purportedly unresolved issues.

¶ 13 Elite failed to close as scheduled, even though Brennan and

Highway 85 were ready, willing, and able to close. The trial court

found that on July 19, 2021, Elite did not have the funds necessary

to close the purchase.

¶ 14 Elite initially sued Brennan and Highway 85 for breach of the

APA and PSA, requesting specific performance and declaratory

relief. Elite subsequently dismissed its claims against Highway 85

under the APA but continued the suit against Brennan for

enforcement of the PSA, demanding that he be allowed to purchase

the land for $4 million. ¶ 15 Upon completion of the trial, the court entered findings of fact

and conclusions of law by which it rejected Elite’s claims and

entered judgment in favor of Brennan. The court subsequently

awarded Brennan its costs and attorney fees incurred in the trial

court pursuant to the PSA’s prevailing party attorney fees provision.

Elite now appeals the trial court’s judgment.

II. Analysis

A. Trial Court’s Adoption of Proposed Findings and Conclusions

¶ 16 Elite initially argues that the trial court adopted Brennan’s

proposed findings of fact and conclusions of law “without

modification” and later in the brief asserts that the trial’s court’s

order was “virtually unchanged” from what Brennan submitted.

Despite the conflicting language, we understand Elite’s argument to

be that the trial court basically adopted Brennan’s proposed

findings and conclusions without adequate consideration. Based

on this contention, Elite argues that we should apply heightened

scrutiny in reviewing the trial court’s findings of fact.

¶ 17 Brennan concedes that the trial court adopted its proposed

findings and conclusion in large part, but notes that the court also made material changes before entering its findings of fact and

conclusions of law.

¶ 18 We review a trial court’s conclusions of law de novo. People v.

Owen, 122 P.3d 1006, 1007 (Colo. App. 2005). The interpretation

of a contract generally presents a question of law that we also

review de novo. Gagne v. Gagne, 2019 COA 42, ¶ 41.

¶ 19 Typically, we defer to a trial court’s factual findings, reviewing

them only for clear error. Id. at ¶ 17. However, if a trial court

adopts a party’s proposed findings and conclusions verbatim, those

findings and conclusions are subjected to heightened scrutiny.

Trask v.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Sims v. Sperry
835 P.2d 565 (Colorado Court of Appeals, 1992)
Uptime Corp. v. Colorado Research Corp.
420 P.2d 232 (Supreme Court of Colorado, 1966)
Aztec Minerals Corp. v. State
987 P.2d 895 (Colorado Court of Appeals, 1999)
Richmond v. Grabowski
781 P.2d 192 (Colorado Court of Appeals, 1989)
Marquardt v. Perry
200 P.3d 1126 (Colorado Court of Appeals, 2008)
Trask v. Nozisko
134 P.3d 544 (Colorado Court of Appeals, 2006)
Gagne v. Gagne
2019 COA 42 (Colorado Court of Appeals, 2019)
ge Condominium Association, Inc. v. Lo Viento Blanco, LLC
2020 COA 34 (Colorado Court of Appeals, 2020)
v. Harrison
2020 CO 57 (Supreme Court of Colorado, 2020)
Ins. v. Dakota Station II
2021 COA 114 (Colorado Court of Appeals, 2021)
People v. Poe
2012 COA 166 (Colorado Court of Appeals, 2012)
Soicher v. State Farm Mutual Automobile Insurance Co.
2015 COA 46 (Colorado Court of Appeals, 2015)

Cite This Page — Counsel Stack

Bluebook (online)
Elite Storage v. Dan Brennan, Counsel Stack Legal Research, https://law.counselstack.com/opinion/elite-storage-v-dan-brennan-coloctapp-2024.