Jason Bailey v. Sadler Brothers General Partnership, Sadler Brothers Properties, LLC, Roy T. Sadler Revocable Trust, Myrna P. Sadler Revocable Trust, and Grandma Sadler's Property, LLC

CourtCourt of Appeals of Iowa
DecidedNovember 3, 2021
Docket20-0831
StatusPublished

This text of Jason Bailey v. Sadler Brothers General Partnership, Sadler Brothers Properties, LLC, Roy T. Sadler Revocable Trust, Myrna P. Sadler Revocable Trust, and Grandma Sadler's Property, LLC (Jason Bailey v. Sadler Brothers General Partnership, Sadler Brothers Properties, LLC, Roy T. Sadler Revocable Trust, Myrna P. Sadler Revocable Trust, and Grandma Sadler's Property, LLC) is published on Counsel Stack Legal Research, covering Court of Appeals of Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Jason Bailey v. Sadler Brothers General Partnership, Sadler Brothers Properties, LLC, Roy T. Sadler Revocable Trust, Myrna P. Sadler Revocable Trust, and Grandma Sadler's Property, LLC, (iowactapp 2021).

Opinion

IN THE COURT OF APPEALS OF IOWA

No. 20-0831 Filed November 3, 2021

JASON BAILEY, Plaintiff-Appellant,

vs.

SADLER BROTHERS GENERAL PARTNERSHIP, SADLER BROTHERS PROPERTIES, LLC, ROY T. SADLER REVOCABLE TRUST, MYRNA P. SADLER REVOCABLE TRUST, and GRANDMA SADLERS'S PROPERTY, LLC, Defendants-Appellees. ________________________________________________________________

Appeal from the Iowa District Court for Linn County, Jason D. Besler, Judge.

Jason Bailey appeals from a district court ruling denying his request for

declaratory relief and order for specific performance. AFFIRMED AND

REMANDED.

Peter C. Riley of Tom Riley Law Firm, P.L.C., Cedar Rapids, for appellant.

Molly Parker and Megan R. Merritt of Shuttleworth & Ingersoll, Cedar

Rapids, for appellees.

Considered by Tabor, P.J., Mullins, J., and Gamble, S.J.*

*Senior judge assigned by order pursuant to Iowa Code section 602.9206

(2021). 2

GAMBLE, Senior Judge.

Jason Bailey appeals from a district court ruling denying his request for

declaratory relief and order for specific performance. Sadler Brothers General

Partnership; Sadler Brothers Properties, LLC; Roy T. Sadler Revocable Trust;

Myrna P. Sadler Revocable Trust; and Grandma Sadler’s Property LLC

(collectively Sadlers) seek appellate attorney fees. We affirm and remand to the

district court to determine reasonable appellate attorney fees.

I. Background Facts and Prior Proceedings

An epic flood swamped Cedar Rapids in 2008. The city adopted a flood-

control-system master plan in response. The city planned to purchase land on the

unprotected side of the flood control system by voluntary sale or mandatory

acquisition through eminent domain.

Sadlers owned three parcels of land and buildings (properties) on the

unprotected side of the proposed flood control system. In November 2008, Bailey1

purchased the properties from Sadlers by two installment contracts that were

identical with exception to the land described in the contracts. The contracts

provided that Bailey would make monthly payments over ten years followed by a

balloon payment on November 10, 2018. And because of the properties’ location,

the parties anticipated the city might purchase the properties during the ten-year

installment period, so they included a contract provision detailing how they would

split any profit or loss from a sale to the city.2 The contracts provided that after

1 Jason Beauregard and Bailey purchased the properties together. But Beauregard subsequently transferred his interests to Bailey. 2 The contracts included the following special provision: 3

Bailey paid all money and interest due under the contracts, then Sadlers would

deliver the warranty deeds and abstracts showing merchantable title.3 The

contracts also included forfeiture clauses permitting Sadlers to cancel the contracts

if, among other things, Bailey “fail[ed] to make the payments aforesaid, or any part

thereof, as same bec[a]me due.”

Bailey made his monthly payments and maintained the properties as

required by the contracts. In 2014, the city contacted the parties and inquired

If the property is bought by a governmental entity due to flooding concerns, the proceeds from such a buyout will be allocated first to payoff of this contract, then to reimburse [b]uyers for improvements made to the property subsequent to the execution and delivery of this contract, with any additional proceeds to be split equally between the [s]ellers and [b]uyers. If buyout proceeds are less than the contract balance, the deficiency will be split equally between the [s]ellers and [b]uyers. 3 The contracts provided:

If all said sums of money and interest are paid to [s]ellers during the life of this contract, and all other agreements for performance by [b]uyers have been complied with, [s]ellers will execute and deliver to [b]uyers a warranty [d]eed conveying said premises in fee simple pursuant to and in conformity with this contract and [s]ellers will at this time deliver to [b]uyers an abstract showing merchantable title, in conformity with this contract. Such abstract shall begin with the government patent (unless pursuant to the Iowa State Bar Association title standards there is a lesser requirement as to period of abstracting) to said premises and shall show title thereto in [s]ellers as of the date of this contract; or as of such earlier date if and as designated in the next sentence. This contract supersedes the previous written offer of [b]uyers to buy the above described property which was accepted by [s]ellers on the 16th day of October, 2008. Sellers shall also pay the cost of any abstracting due to any act or change in the personal affairs of [s]ellers resulting in a change of title by operation of law or otherwise. If any personal property is a part of this agreement, then upon due performance by [b]uyers, [s]ellers shall execute and deliver a [b]ill of [s]ale consistent with the terms of this contract. Sellers shall pay all taxes on any such personal property payable in 2008, and all taxes thereon payable prior thereto. 4

about purchasing the properties. For a number of years, the city, Bailey, and

Sadlers negotiated the potential sale of the properties. Sadlers and Bailey had the

property appraised. Bailey expressed a willingness to sell to the city for the

appraised value with the contingent of moving out in early 2019. On February 15,

2018, Bailey’s attorney asked the city’s representative to forward a draft purchase

agreement. The city sent purchase agreements to Bailey consistent with their

discussions. The city’s cover letter informed Bailey, “If you do not accept the offer,

the City wishes to continue negotiating with you regarding the purchase of your

propert[ies]. Ultimately, the propert[ies] may be acquired in an eminent domain

proceeding if we cannot agree to the terms of the purchase within a reasonable

time.”

Sadlers were concerned delay may lead the city to acquire the properties

through eminent domain at a lower price. By April 2018, Sadlers and the city had

come to an agreement on the sale for its appraised value and awaited Bailey’s

response. Bailey decided not to sell to the city. But he never informed the city or

Sadlers that he had decided not to sign the purchase agreements. He just asked

his attorney “to hold off on doing any more work on this for now.” In response,

Sadlers notified Bailey that delay would not allow him to avoid the contractual profit

split and demanded they proceed to closing.

As the balloon payment due date, November 10, 2018, approached,

Thomas Sadler contacted Bailey to confirm Bailey would be able to tender the

balloon payment and offered to negotiate an extension if needed. But Bailey never

indicated he required an extension of time. Bailey’s attorney contacted Sadlers’

attorney to confirm the amount of the balloon payments and confirmed the 5

November 10 due date. Bailey requested an updated abstract so he could obtain

financing needed to make the balloon payment as required by the contract.

Sadlers’ attorney responded with the total amount required for the balloon

payments and also stated the amount she believed the Sadlers would be entitled

to upon the sale of the properties to the city. She offered to provide extended

abstracts if Bailey would provide proof of financial ability to make the required

payments.4 She also noted “that the deeds in fulfilment of the contracts will include

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Jason Bailey v. Sadler Brothers General Partnership, Sadler Brothers Properties, LLC, Roy T. Sadler Revocable Trust, Myrna P. Sadler Revocable Trust, and Grandma Sadler's Property, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/jason-bailey-v-sadler-brothers-general-partnership-sadler-brothers-iowactapp-2021.