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The municipality owes the Saxton family an additional $1,045,000 in interest, following the final ruling today (Friday, May 4) in the 25-year legal battle in the Rainbow Park expropriation case.
Madam Justice Adair ruled today that the total interest owing from the RMOW was about $1.5 million, but the municipality has already paid the Saxtons about $461,000 in interest.
Today s ruling brings the RMOW s total damages in the case to $2.44 million, not including the legal costs to fight the Saxtons s ongoing action.
The Saxton family s lawyer was claiming almost $4.5 million in interest, but the municipality s lawyers argued in court on April 2 and 3 that the amount should be reduced because of significant delays on the Saxtons s side in advancing their claim for compensation. According to a press release issued by the RMOW, Madam Justice Adair ruled this morning that the Saxtons are not entitled to collect interest f