Friarton Estates Corp. v. City of New York (In Re Friarton Estates Corp.)

65 B.R. 586
CourtUnited States Bankruptcy Court, S.D. New York
DecidedOctober 22, 1986
Docket19-22515
StatusPublished
Cited by17 cases

This text of 65 B.R. 586 (Friarton Estates Corp. v. City of New York (In Re Friarton Estates Corp.)) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, S.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Friarton Estates Corp. v. City of New York (In Re Friarton Estates Corp.), 65 B.R. 586 (N.Y. 1986).

Opinion

DECISION AND ORDER ON MOTION TO REJECT LEASES AND MOTION TO DISMISS CERTAIN COUNTS OF COMPLAINT .

PRUDENCE B. ABRAM, Bankruptcy Judge:

Friarton Estates Corporation (“Friar-ton”) and the City of New York (“City”) have been involved continuously in litigation since Friarton’s acquisition in June 1977 of title to certain parcels of real property in Manhattan. 1 At that time, the properties were subject to substantial, overdue obligations to the City for sewer rents, water charges and real estate taxes. Shortly after Friarton acquired title, the City moved to foreclose. The City successfully obtained a judgment of foreclosure in In Rem Action No. 29, order affirmed, 79 A.D.2d 899, 435 N.Y.S.2d 872 (1st Dept. 1980), appeal dismissed, 53 N.Y.2d 795, 439 N.Y.S.2d 1031, 422 N.E.2d 597 (1981), cert. den’d, 454 U.S. 837, 102 S.Ct. 141, 70 L.Ed.2d 117 (1981). Thereafter Friarton commenced a federal court action and persuaded the district court to enter an injunction against the City taking title to the property until Friarton had a hearing on the validity of the tax assessment. Friarton Estates Corp. v. City of New York, 525 F.Supp. 1250 (S.D.N.Y.1981). The Second Circuit found that the issues had been previously litigated in state court and dismissed the complaint. Friarton Estates Corp. v. City of New York, 681 F.2d 150 (2d Cir.1982). On June 25, 1982, Friarton resorted to the federal bankruptcy laws for relief by filing a petition for reorganization under Chapter 11.

Throughout all of the litigations, Friar-ton’s position has been that the imposition of rent control, coupled with the assessment of real estate taxes on a basis which does not take account of the reduction in income mandated by rent control, places these properties in a condition where there is no possibility that their operating expenses can be paid from the rental income.

In this Chapter 11 case, Friarton now seeks “to reject performance of the unexpired leases imposed by operation of law covering the several premises being occupied by the respondent [rent-controlled] tenants.” The rejection motion, filed on July 28, 1983, is limited to tenants paying under $200 a month. That category includes 69 rent controlled tenants. For the purposes of this opinion, the court will assume that the rents being paid by these tenants are well below the rents which Friarton could collect if the apartments were not subject to rent control. Furthermore, the court accepts arguendo Friar-ton’s assertion that the expenses of operation relative to these apartments exceed the rental income. This has not been a subject of testimony although the court has been supplied with affidavits by Friarton to that effect. It would serve no purpose on this motion to become involved in the morass of information necessary to ascertain whether the legally mandated rents could be raised to a level at which the income would equal or exceed expenses, a proposition asserted by the Rent Control Division in opposition to the motion.

The rejection motion is predicated on the following: *588 Application at 6. During the course of oral argument, counsel for Friarton conceded that the motion to reject assumed that Friarton would be able to collect increased rentals from the tenants and/or cause them to remove from the premises and relieve the landlord from its obligation to provide services.

*587 “This application is being made in a hope that many of the apartments will be vacated and the debtor will be able to rer-ent the apartments at a fair and reasonable rental.”

*588 This motion by Friarton is conceptionally intertwined with another separate and distinct matter. On August 18,1983, Friarton commenced an adversary proceeding against the City seeking a permanent mandatory injunction compelling the City to abide by a certain stipulation of settlement and a declaratory judgment with respect to certain constitutional issues. The permanent mandatory injunction request was contained in counts 1 and 2 of the complaint and those counts have been deemed withdrawn pursuant to a stipulation dictated into the record on August 22,1983. The third count of the complaint alleges that the requirements of the laws of the City of New York that mandates Friarton to provide essential services but limits the rent recoverable to that provided in a rent control law are unconstitutional as applied to Friarton, a Chapter 11 debtor. The fourth count requests that this court have a hearing to fix the rents for the rent controlled apartments at the minimum necessary to pay operating expenses. With respect to count 3 and 4 the City has filed a motion to dismiss, alleging that the bankruptcy court lacks jurisdiction over the subject matter and that the counts are barred by the doctrines of res judicata, collateral estoppel and accord and satisfaction.

DISCUSSION

As an exercise of its police power, the City of New York promulgated certain laws regarding the regulation and control of residential rents and evictions necessary to protect the public health, safety and general welfare. NY [Rent Control] § 8601 et seq. (McKinney 1974). The provision of the means for reorganization under the federal bankruptcy laws is considered to be in the national interest. See H.R. Rep. No. 95-595, p. 220 (1977), U.S.Code Cong. & Admin.News 1978, p. 5787. Under Bankruptcy Code § 365, a debtor-lessor can reject executory contracts and unexpired leases. 2 Such a rejection is necessary to “release the debtor’s estate from burdensome obligations that can impede a successful reorganization.” NLRB v. Bildisco & Bildisco, 465 U.S. 513, 528, 104 S.Ct. 1188, 79 L.Ed.2d 482 (1984) (“Bildisco ”).

At the outset, this court should state that it is not satisfied that the claims raised by Friarton in the third and fourth counts of the complaint are barred from adjudication because of any notion of issue preclusion. Rent control as impacted by the Bankruptcy Code has never been addressed relative to Friarton by any court or by any stipulation of the parties. For the reasons that follow, this court finds that Friarton cannot avoid the New York City rent control or housing laws through use of Code § 365 and that the rejection motion must be denied. This court's reasons for denying the rejection motion also dispose of the third and fourth counts of the complaint adversely to Friarton.

The resolution of competing state and federal law must begin with 28 U.S.C. § 959(b). Section 959(b) provides that:

“[ejxcept as provided in section 1166

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Bluebook (online)
65 B.R. 586, Counsel Stack Legal Research, https://law.counselstack.com/opinion/friarton-estates-corp-v-city-of-new-york-in-re-friarton-estates-corp-nysb-1986.