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PAN AMERICAN BANK OF ORLANDO v. DOLLAR LAND CORP.

Nos. 75-145-Orl-Civ-Y, 78-40-Orl-Civ-Y.

562 F.Supp. 921 (1982)

PAN AMERICAN BANK OF ORLANDO, N.A., a national banking association, Plaintiff, v. DOLLAR LAND CORPORATION, LTD., (U.S.), a New York corporation, Defendant. PAN AMERICAN BANK OF ORLANDO, N.A., a national banking corporation, Plaintiff, v. Leonard MARX, an individual; Brook Realty Co., Inc., a corporation; Brook Shopping Centers, Inc., a corporation; and Marx Realty & Improvement Co., Inc., a corporation, Defendants.

United States District Court, M.D. Florida, Orlando Division.

On Motion for Reconsideration and for Clarification June 21, 1982.

Attorney(s) appearing for the Case

Charles R. Fawcett, Orlando, Fla., G. Morton Good, Miami, Fla., for Pan American Bank.

Doug B. Beattie, Lee J. Colling, Orlando, Fla., for Brook Shopping Centers.

A.J. Stanton, Orlando, Fla., for Dollar Land Corp., Ltd.

OPINION

GEORGE C. YOUNG, Senior District Judge.

This controversy arises from a dispute of the meaning of certain provisions contained in the lease agreement of May 20, 1965, entered into between the plaintiff, the then Citizens National Bank, now the Pan American Bank of Orlando, and the firm of Collins Tuttle,1 which was a real estate development firm. The issues in controversy are essentially:

1. The amount of annual...

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