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GENERAL34977
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GENERAL34977
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Last modified
8/24/2016 7:56:11 PM
Creation date
11/23/2007 8:08:03 AM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
C1981037
IBM Index Class Name
General Documents
Doc Date
1/31/1994
From
CORLEY CO
To
DMG
Permit Index Doc Type
GENERAL CORRESPONDENCE
Media Type
D
Archive
No
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V ,a ~~_i <br />Under §5-12-102, prejudgment interest may be awarded for <br />property damage, and interest commences as of the date of the <br />wrongful withholding of amounts due a claimant. Isbill <br />Associates, Inc. v. City & County of Denver, 666 P.2d 1117 <br />(Colo. App. 1983). <br />Here, the jury's award was based on damages to plaintiff's <br />property resulting from defendant's negligence. Tlie <br />uncontroverted evidence showed that prior to trial defendant <br />had refused to pay a bill submitted by plaintiff for costs <br />incurred in extinguishing the fire. These facts are sufficient <br />to enable the trial court to compute the amount of prejudgment <br />interest to which plaintiff is entitled. See Tripp v. Cotter <br />Corp., 701 P.2d 124 (Colo. App. 1985). <br />The record indicates that plaintiff failed to present <br />evidence as to the appropriate rate of moratory interest. <br />Therefore, any award of prejudgment interest would be pursuant <br />to §5=12-102(1)(b), C.R.S. (1488 Cum. Supp.). Alfred Brown Co. <br />v. Johnson-Gibbons & Reed Western Paving-Kemper, 69S P. 2d 746 <br />(Colo. App. 1984). <br />The judgment of the trial court reducing plaintiff's award <br />by the amount of its comparative negligence is affirmed. <br />Insofar as the judgment denies plaintiff prejudgment interest, <br />it is reversed, and the cause is remanded with directions that <br />the trial court ascertain and aorard the appropriate amount of <br />prejudgment interest. <br />JUDGE FISCHBACH and JUDGE ENOCH concur. <br />{ -4- <br />
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