Showing 4 posts by Bonnie Lee Wolf.
Construction Trades Find Protection in Shortened Statute of Limitations
On September 28, 2012, the Ohio Revised Code 2305.06 was amended to reduce the statute of limitations from 15 years to 8 years. In the past, a contracting party had 15 years to file suit for breach of a written contract. Read More ›
RECENT SIXTH DISTRICT OHIO COURT OF APPEALS DECISION: Potential Liability of a Bank to a Contractor
A recent decision by the Sixth District Ohio Court of Appeals suggests that there may be instances where a bank loan officer’s statements to a contractor may create liability for the bank to the contractor. In Advantage Renovations, Inc. v. Maui Sands Resort, Co. LLC, et al., 2012-Ohio-1866, 2012 WL 1493826 (Ohio App. 6 Dist.), a general contractor, Mosser Construction Inc., was hired for the construction of a $17.4 Million complex in Sandusky, Ohio. Mosser asserted claims against a bank financing the project, Charter One, for breach of contract, promissory estoppel, negligent misrepresentation and unjust enrichment. Read More ›
Mechanic's Liens Take Priority Over A Mortgage
Recently, the Hamilton County Court of Appeals found that mechanics’ liens filed by the prime contractor and subcontractor on a project took priority over a mortgage in Bank of America v. Omega Design/Build Group, LLC, et al. (Apr. 6, 2011), 2011-Ohio-1650, 2011 WL 1261301. In Bank of America, the owner contracted with a prime contractor and the subcontractors on a project for a multistory condominium complex. Bank of America was the lender for the project. Bank of America sought to foreclose upon the condominium complex and for priority over mechanics’ liens filed by the prime contractor and subcontractors.
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Ohio Senate to Vote on $7.6 Billion Transportation Bill
On March 5, 2009, the Ohio House voted 53-45 to approve the transportation budget. In doing so, the House approved the Ohio Department of Transportation’s $7.6 billion budget for the next two years. This overall transportation budget also includes $2.2 billion in federal stimulus money, which Ohio is expected to receive. Out of this $2 billion, approximately 56% of the federal stimulus money, $1.1 billion, is projected to go to the highways and transit – the biggest beneficiary of the stimulus money. And, 85% of that is to be allotted to traditional road and bridge projects. Read More ›
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Attorney Spotlight
C. Michael Shull, III focuses his practice on construction law and litigation. Michael's client representations range from casinos and ENR Top 400 contractors to design firms and subcontractors.