Kevin Green and Amy Edwards, Individually and as Trustees of the Edwards Green Revocable Living Trust// Villas on Town Lake Owners Association, Inc. Steve Maitlen Lora Herring Geraldine White Gary Johnson And David Williams v. Villas on Town Lake Owners Association, Inc. Steve Maitlen Lora Herring Geraldine White Gary Johnson David Williams And Austin Valuation Consultants, Ltd.// Kevin Green and Amy Edwards, Individually and as Trustees of the Edwards Green Revocable Living Trust

CourtCourt of Appeals of Texas
DecidedOctober 22, 2021
Docket03-20-00375-CV
StatusPublished

This text of Kevin Green and Amy Edwards, Individually and as Trustees of the Edwards Green Revocable Living Trust// Villas on Town Lake Owners Association, Inc. Steve Maitlen Lora Herring Geraldine White Gary Johnson And David Williams v. Villas on Town Lake Owners Association, Inc. Steve Maitlen Lora Herring Geraldine White Gary Johnson David Williams And Austin Valuation Consultants, Ltd.// Kevin Green and Amy Edwards, Individually and as Trustees of the Edwards Green Revocable Living Trust (Kevin Green and Amy Edwards, Individually and as Trustees of the Edwards Green Revocable Living Trust// Villas on Town Lake Owners Association, Inc. Steve Maitlen Lora Herring Geraldine White Gary Johnson And David Williams v. Villas on Town Lake Owners Association, Inc. Steve Maitlen Lora Herring Geraldine White Gary Johnson David Williams And Austin Valuation Consultants, Ltd.// Kevin Green and Amy Edwards, Individually and as Trustees of the Edwards Green Revocable Living Trust) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Kevin Green and Amy Edwards, Individually and as Trustees of the Edwards Green Revocable Living Trust// Villas on Town Lake Owners Association, Inc. Steve Maitlen Lora Herring Geraldine White Gary Johnson And David Williams v. Villas on Town Lake Owners Association, Inc. Steve Maitlen Lora Herring Geraldine White Gary Johnson David Williams And Austin Valuation Consultants, Ltd.// Kevin Green and Amy Edwards, Individually and as Trustees of the Edwards Green Revocable Living Trust, (Tex. Ct. App. 2021).

Opinion

TEXAS COURT OF APPEALS, THIRD DISTRICT, AT AUSTIN

NO. 03-20-00375-CV

Appellants, Kevin Green and Amy Edwards, Individually and as Trustees of The Edwards Green Revocable Living Trust // Cross-Appellants, Villas on Town Lake Owners Association, Inc.; Steve Maitlen; Lora Herring; Geraldine White; Gary Johnson; and David Williams

v.

Appellees, Villas on Town Lake Owners Association, Inc.; Steve Maitlen; Lora Herring; Geraldine White; Gary Johnson; David Williams; and Austin Valuation Consultants, Ltd. // Cross-Appellees, Kevin Green and Amy Edwards, Individually and as Trustees of The Edwards Green Revocable Living Trust

FROM THE 201ST DISTRICT COURT OF TRAVIS COUNTY NO. D-1-GN-17-003004, THE HONORABLE TIM SULAK, JUDGE PRESIDING

MEMORANDUM OPINION

This is a dispute over the division of proceeds from the sale of a condominium

complex. Kevin Green and Amy Edwards (the Greens) sued the Villas on Town Lake Owners

Association and the members of its board (collectively, the Villas) for failing to properly

compensate the Greens for their four units. The district court dismissed the Greens’ claims on

summary judgment and awarded the Villas their fees and taxable court costs. However, the

district court denied the Villas’ request for additional litigation costs under Section 82.161 of the

Uniform Condominium Act. Both parties appealed. For the following reasons, we will affirm. BACKGROUND

The Villas at Town Lake was a fifty-eight-unit condominium complex on the

shore of Lady Bird Lake in Austin. The condominium’s governing documents provided that

each owner possessed an undivided ownership interest in the complex’s common elements

proportional to the square footage of the owner’s unit. In 2014, the Greens purchased four units,

thereby obtaining a 5.955403% share of the common elements. The Greens immediately began

renovations to merge their units into a single living space. The renovations were still in progress

two years later when the Sutton Company offered to purchase the entire complex for

$50,850,000. The Greens then stopped the renovations, leaving the units (in the words of their

live petition) “destroyed, empty and uninhabitable.”

Completing the sale required termination of the condominium regime, a process

that is governed by Section 82.068 of the Act. See generally Tex. Prop. Code § 82.068. When

the real property will be sold following termination, the proceeds “must be distributed to unit

owners and lienholders as their interests may appear, in proportion to the respective interests of

unit owners as provided by Subsection (f).” Id. § 82.068(c). The “interest of an owner” for these

purposes is “the fair market value of the owner’s unit, limited common elements, and common

element interest immediately before the termination, as determined by one or more independent

appraisers selected by the association.” Id. § 82.068(f). The “proportion of a unit owner’s

interest to that of all unit owners is determined by dividing the fair market value of the unit

owner’s unit and common element interest by the total fair market values of all the units and

common elements.” Id. The appraisal becomes final thirty days after it is distributed to the unit

owners unless a certain percentage of owners vote to disapprove it. Id.

2 The Association retained Evergreen Valuation Services to conduct an appraisal.

Evergreen determined that “highest and best use” of the property would be “demolition of the

existing improvements and redevelopment with a high-density project.” Based on this

determination, Evergreen did not appraise the individual value of each owner’s units. Instead,

Evergreen started with the value of the land if it was vacant and deducted the cost of demolishing

the existing improvements to arrive at an estimated fair market value of $45,400,000. The

Association submitted the Evergreen Appraisal to the unit owners and informed them that the

proceeds of the sale would be distributed according to each owner’s percentage share of the

common elements. The Evergreen Appraisal became final after thirty days.

Two dissenting owners—Teddy Parker Terhune and Katherine Lindsay—sued the

Association arguing that the sale and appraisal violated the Act (the Terhune suit). They sought

declaratory relief that Section 82.068(f) requires an appraisal of the fair market value of each

individual unit in addition to the value of the owner’s share of the common elements. The

Association answered and counterclaimed for declaratory relief that, among other things, the

appraisal complied with Section 82.068. The Association filed a motion to dismiss and a motion

for summary judgment. The trial court denied relief and concluded that Section 82.068(f)

required appraisal of the fair market value of each owner’s individual unit and their share of the

common elements. The parties reached a mediated settlement agreement in which the

Association agreed to have a second appraisal of the property done and to value each unit “as if it

were being individually sold in an arms-length transaction.” The trial court subsequently

rendered an agreed judgment dismissing the Terhune suit with prejudice.

The Association hired Austin Valuation Consultants to perform a second appraisal

(Austin Appraisal). Austin Valuation determined that the total value of the Greens’ units was

3 $1,093,612, which included a $306,388 deduction for the estimated cost of bringing the units up

to “marketable condition.” As a result, the Greens’ proportional ownership interest fell from

5.955403% in the Evergreen Appraisal to 3.92% in the Austin Appraisal. The Austin Appraisal

was distributed to the owners and became final after thirty days.

The Greens sued the Villas for breach of fiduciary duty under the Act, see id.

§ 82.103(a), and for failing to pay the Greens their full share of the proceeds, see id. § 82.068(f).

They sought a declaration under the Uniform Declaratory Judgment Act (UDJA) that Section

82.068 required that their units “be valued at their common interest element,” i.e., that the

complex be appraised without considering the value of the individual units. See Tex. Civ. Prac.

& Rem. Code § 37.004 (providing that “[a] person . . . whose rights, status, or other legal

relations are affected by a statute . . . may have determined any question of construction or

validity arising under the [] statute . . . and obtain a declaration of rights, status, or other legal

relations thereunder”). In effect, the Greens argued that the proceeds should be distributed

according to the Evergreen Appraisal rather than the Austin Appraisal. The Greens also sued

Austin Valuation for negligence in conducting the appraisal.

The Villas answered and asserted the affirmative defenses of res judicata and

collateral estoppel, among other defensive theories, and sought attorney’s fees. Austin

Valuation, which was represented by different counsel, also answered. While the litigation was

ongoing, the owners voted to terminate the condominium regime and sell the property to Sutton.

Republic Title Insurance Company, which handled the sale, filed an interpleader action and

deposited the portion of the proceeds set aside for the Greens into the registry of the court. By

agreement of the parties, all but $250,000 was distributed to the Greens.

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Kevin Green and Amy Edwards, Individually and as Trustees of the Edwards Green Revocable Living Trust// Villas on Town Lake Owners Association, Inc. Steve Maitlen Lora Herring Geraldine White Gary Johnson And David Williams v. Villas on Town Lake Owners Association, Inc. Steve Maitlen Lora Herring Geraldine White Gary Johnson David Williams And Austin Valuation Consultants, Ltd.// Kevin Green and Amy Edwards, Individually and as Trustees of the Edwards Green Revocable Living Trust, Counsel Stack Legal Research, https://law.counselstack.com/opinion/kevin-green-and-amy-edwards-individually-and-as-trustees-of-the-edwards-texapp-2021.