Sargent v. Mason

Superior Court of Maine·Decided September 17, 2007·No. CUMcv-06-430·Unpublished

Opinion

STATE OF MAINE SUPERIOR COURT CUMBERLAND, ss CIVIL ACTION DOCKET NO.CV-06-430 / 1.~",' _" _.'-' j ;-", ,_.'

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BRUCE SARGENT, SARGENT HOLDINGS, LLC and SARGENT GRAVEL, LLC, Plaintiffs

v. DECISION

JENNIFER C. SCRIBNER MASON, FRONTIER LAND HOLDINGS, LLC and J. MASON CONTRACT CUTTING, INC., Defendants

A four-day jury-waived trial was held in the Cumberland County Superior Court on November 27 through November 30,2007. Based upon the evidence presented, the Court makes the following findings of fact and conclusions of law.

FINDINGS OF FACT

Jennifer c. Scribner Mason ("Mason"), a resident of Harrison, Maine, has been involved in the logging and excavation business since 1996. By the fall of 2004, she was in need of cash to complete a gravel pit and subdivision which she had started in Harrison, Maine. She sought out a buyer for the two projects who would contract with her to provide development, operational and management services for the project. She found Bruce Sargent ("Sargent") of Presque Isle, Maine, who agreed to buy the properties. The parties agreed to a deal the terms of which were set forth in three contracts entered into by the parties:

1. A purchase and sale agreement between Mason and Sargent in which Mason personally agreed to convey to Sargent the 29.9-acre subdivision and the adjacent 25-acre gravel pit ("P&S Agreement").

2. A contract between Sargent Holdings, LLC (a limited liability company set up by Sargent expressly for the ownership and development of the subdivision parcel) and Frontier Land Holdings, LLC ("FLH") (a limited liability company set up by Mason) ("Subdivision Contract"). This contract established that FLH would act as manager of the subdivision project and required it to construct a private road in the subdivision, install electric power, a storm-water detention system and coordinate the sale and development of lots within the subdivision.

The contract established a "Guaranteed Price" for the project, which required Sargent Holdings, LLC to make the following payments:

A) The "Guaranteed Price" of $170,000.00 subject to a 15% upward adjustment for actual costs incurred (for a total of $195,500.00);

B) Actual power installation costs, estimated (but not guaranteed) at $30,000.00;

C) Additions and deductions by change order;

D) Diesel fuel adjustment, to the extent diesel fuel cost exceeded $2.30 per gallon;

E) Management fee of $3,333.00 per month for 18 Months (for a total of $60,000.00);

F) Ledge and blasting costs; and G) Other items detailed in the Contract and not at issue in this litigation.

3. A contract between Sargent Gravel, LLC (a limited liability company set up by Sargent expressly for the ownership and development of the gravel pit parcel) and FLH ("Gravel Pit Contract"). This Contract established that FLH would act as manager of the gravel pit project in return for a management fee of $1,667.00 per month for 5 years (for a total of $100,000.00). The Gravel Pit Contract required FLH to develop and operate the gravel pit and to provide materials for use in the subdivision.

The closing of the transactions took place in Sargent's attorney's office in Presque Isle and all documents, including the three contracts summarized supra and the two deeds of conveyance, were executed and delivered on May 4, 2005.

On that same date (although the acknowledgements erroneously reflect the date of March 4, 2005), Jennifer Mason personally and Jennifer Mason as President of Land and Legacy, Inc. executed two mortgage deeds, security agreements and financing statements which purport to secure the obligations of the mortgagor under the Subdivision and Gravel Pit Contracts. It is noteworthy that the mortgage from Jennifer

c. Scribner Mason personally is signed by Jennifer c. Scribner Mason as President of Land and Legacy, Inc. and the mortgage from Land and Legacy, Inc. is signed by

Jennifer Mason in her individual capacity.

Sargent is an experienced and sophisticated businessman who regularly employs attorneys and accountants and who owns a business that has gross annual revenue of $220 million dollars. He chose not to view the property in Harrison until after the controversies underlying this suit arose. Before the Contracts were terminated in May 2006, Sargent did not look at the invoices or bank records which had been provided to

him. He advanced or paid money for the projects as requested by Mason and did not keep track of how much he had spent as the projects progressed.

From May 4, 2005 until FLH was terminated as manager in May 2006, FLH maintained the books and records for the two projects. Although FLH was eventually able to present a complete accounting at the time of trial, at all times prior to termination of the Contracts and for many months thereafter the books and records of the projects were in considerable disarray.

In March 2006, the Department of Environmental Protection cited Sargent Holdings, LLC for starting construction of a project that includes one or more acres of disturbed area without first obtaining a permit. This violation resulted in a fine to Sargent Holdings, LLC in the amount of $6,910.00, which has been paid to the State of Maine.

The Gravel Pit Contract required Sargent Gravel to advance $100,000.00 for the expenses to be incurred within the scope of that contract. The Contract provided that "unlike the accompanying subdivision contract and development agreement, the cost of . the work is not guarantied (sic)." The Contract also provided in § 4.1 that "[t]he work shall continue as business requires until the $100,000.00 allowance is fully used if sooner unless otherwise agreed in writing by the parties." The parties never agreed in writing to any changes or further expenditures. However, both parties continued to perform under the Gravel Pit Contract until it was terminated in May 2006.

The purpose of the Gravel Pit Contract was to develop the gravel pit and to provide materials to the subdivision project for road construction and otherwise as needed and for sale. The Gravel Pit Contract evolved as it went forward as a result of changes in the Subdivision Contract such as the widening of the road and the need to

process material removed from the subdivision and as a result of the need for blasting, hammering and crushing to provide usable and saleable material.

On May 22, 2006, Attorney Luke Rossignol sent two letters on behalf of Sargent Holdings, LLC and Sargent Gravel, LLC to FLH, J. Mason Contract Cutting, Inc. and Jennifer c. Scribner Mason personally claiming default and termination of the Subdivision and Gravel Pit Contracts.

CONCLUSIONS OF LAW

I. The Plaintiffs' Counts In their Complaint, the Plaintiffs assert ten counts against Defendants Jennifer c.

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