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Development authority alleging breach of real estate purchase contract

WEST VIRGINIA RECORD

Saturday, November 23, 2024

Development authority alleging breach of real estate purchase contract

Lawsuits
Contract 08

CHARLESTON — A West Virginia public entity is suing a company and an individual citing alleged breach of contract and unjust enrichment.

The Regional Development Authority of Charleston-Kanawha County, West Virginia Metropolitan Region filed a complaint in Kanawha Circuit Court against Corotoman Inc. and John H. Wellford III, Northgate Business Park developer, alleging that they failed to pay over $1,561,000 of rent and loan accrued interest of $333,018.31.

According to the complaint, the plaintiff alleges that on July 23, 1999, it and Corotoman executed a real estate purchase agreement containing reservations and covenants (REPA). Under the REPA, the defendants agreed to sell the plaintiff a parcel of land at Lot E-1 in Northgate, Charleston, Kanawha County, West Virginia, and the plaintiff agreed to purchase the premises. 

The plaintiff hold Corotoman Inc. and John H. Wellford III responsible because they allegedly breached the contract by failing to perform their obligations.

The plaintiff requests a trial by jury and seeks damages including but not limited to $1,894,019.18, punitive damages, attorneys' fees and costs. It is represented by Melissa Foster Bird and Alexander C. Frampton of Nelson Mullins Riley & Scarborough LLP in Huntington.

Kanawha Circuit Court Case number 18C1565

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