"We had a decent span," says longtime Point resident Richard Legnon. "In 33 years, it's my third bad storm." Hurricane Lili washed mud into camps three years ago. But the storm surge and hurricane-force winds of Rita caused far more damage and have also changed the complexion of a dispute between land owner Cypremort Point Inc. and approximately 150 tenants, who have been fighting the company's increases in rent.
Tenants were notified last November that leases would rise in cost anywhere from 240-1,200 percent ("Point Taken," April 27). Many claimed they were unable to pay the new prices and unable to sell their camps, because no buyer wanted to take on the escalating costs of leasing the land. Following months of tension, CPI reversed its policy earlier this summer after an initial refusal to sell land that camp owners had been leasing for decades. Still, tenant organization Tenants at Cypremort Point filed suit against CPI on June 30, claiming that CPI was unjustly profiting through exorbitant rent increases.
In an August interview, CPI Development Manager Robert Guillotte said sales were brisk. "It's going very well. When you sign seven buy-sells in one day, that's a good business." Guillotte defended the corporation's pricing. "I'm selling property. If the property at Cypremort Point was overvalued, why would people who don't already have a camp want to buy property there? It's the recreational value you're buying. People need to understand that. You can't justify a man who goes fishing. You can go to the grocery store and buy fish a lot cheaper."
Realtor Frank Brown, who has been involved in Cypremort Point real estate for decades, said in August that those sales couldn't be compared to a traditional market. "The prices are high. It's not really an open market transaction. There's nothing you can do." On the flip side, he says that once people buy their lots, they will be encouraged to improve their camps, ultimately raising property values. "It's going to be good for Cypremort Point," he concluded.
The first 60 parcels were offered to tenants in March, April and May. Three sales were recorded in July at the St. Mary Parish courthouse: one Cove Row property for $100,000, and two located along Hwy. 319 fetched $40,000 and $31,000. Guillotte said he had more than 20 buy-sell agreements signed in early August. According to the St. Mary Parish Clerk of Court's office, there were three sales in August, nine in September and one in October.
But some renters turned down CPI's offer, claiming the land is overvalued. "They called and offered $168,000," said Cove Row camp owner Lonnie Bewley in August. "It's worth half of that in my opinion. Prior to this I had an appraisal of my camp and pier at $280,000. Let's suppose that it's worth $260,000. Add in the $168,000 lot, you're up to $428,000 for a camp. Who's going to pay that?"
The lawsuit was scheduled to go to court this fall, but after Rita caused massive destruction to many tenant's camps, attitudes have changed. "The people who bought, bought under duress," says TACP President Weldon Taquino. "They bought because they had a big investment. They bought because they had no choice. The people who bought at top dollar, I think they got screwed. People who want to buy now say there is a lot of negotiating going on after the storm."
Some lessees are putting thoughts of negotiation on hold while they ponder the costs of rebuilding. Ann Boutte's camp was knocked off its 10-foot pilings. The structure is so unstable neither the family nor the insurance adjuster is willing to go inside. Homeowner's insurance doesn't cover damage from rising water, and Boutte didn't have flood insurance.
The Bouttes bought the house in 1999 for $25,000 and spent another $20,000 to fix it after storm damage from Hurricane Lili in 2002. The lease was $300 annually when they bought the camp. It has gone up to $1,000 a year and is scheduled to go up to $3,000 next year when the existing three-year contract expires.
"Do they [CPI] think we're going to buy the land and then rebuild the camp?" Boutte asks. Boutte contends that the land her camp stood on is swampland. She adds that if the coast keeps eroding, the land will be worth even less. "It was rumored that they're going to sell these lots for $40,000," she says. "No one has contacted us. If we were going to pay $40,000 for a piece of land, we'd buy it along the bayou in New Iberia. There's other land in other places."
The Bouttes haven't made any decisions. The level of destruction is still too raw in Ann's mind. "We had new furniture, every stick of it. A new side-by-side refrigerator, a new dishwasher ' I haven't even used it. The beds are still made with clean sheets. We just about lived here. It was nice while it lasted," she says with a sigh.
A renter since 1986, Gerald Adams' camp sustained considerable damage from the storm surge. He says he couldn't afford flood insurance. "I got to pull the roof off, and the inside's no good," he says. Adams has been through numerous storms: Andrew, Danny, Lili and Rita. He is willing to weather another hurricane ' under one condition. "If I owned the land, I'd stay. I'd improve this place. It's the only way I'll get my money out now. I heard this (lot) was selling for between $42,000 and $44,000. My lease is $4,200 a year. Do you think this place is worth that?" he grumbles. "If I leave, I'm going to take my camp with me," he says. "CPI ought to be out here talking to us. We're not getting a fair shake."
CPI's Guillotte declined to comment following Hurricane Rita, and CPI attorney Raymond Allain did not return a call for comment. Taquino contends that CPI is no longer in a position of power. For those with flood insurance, Taquino contends, the storm has created a way out of the dilemma. "Thirty, 40 people in the tenants group will take their insurance money and run," he says. But even if tenants didn't have insurance, the situation has changed. "People lost their investments. The pressure to buy the property has been greatly reduced," Taquino says. "It seems like Rita called [CPI's] bluff."
The Board of Elementary and Secondary Education has stalled action on a $3.5 billion annual school funding formula due to state lawmakers by March 15.
The New Orleans Saints have yet to make it official as of this writing, but popular wide receiver Lance Moore has reportedly been cut by the team to free up salary-cap space on the roster.
While two medical marijuana bills are slated for the upcoming legislative session, what some Louisianans might not know is that the plant was approved for therapeutic use by state lawmakers in 1991.
The agenda is shaping up to be lighter than in previous years. But Jindal is term-limited, with fewer than two years remaining in office, and he saw his last big initiative — a proposed rewrite of Louisiana tax law — collapse without getting a vote in 2013.
Sharper has been held without bail because of an arrest warrant issued by Louisiana authorities accusing him and another man of raping two women.
Here's your daily look at late-breaking national and international news, upcoming events and the stories that will be talked about Friday, March 07, 2014:
Two Lafayette men have been revealed by police as the infamous duo behind a caper that shook our fair city to its core.
The Lafayette Parish School Board has received a second letter of demand related to last year’s insurance debacle, this time from Key Benefit Administrators claiming it’s owed $93,000 from the school system.
The Louisiana coastline is vanishing faster than mappers can keep track.
A bill that would have overridden local ordinances prohibiting public and private employers from discriminating against lesbian, gay and transgender people has been pulled within less than a week of being filed.
The panel that selects nominees for a controversial New Orleans area flood control board — a board that is suing more than 90 oil, gas and pipeline companies — is set to discuss legislation affecting its independence.
State prison officials cannot keep secret the seller and manufacturer of the two drugs purchased for executions at the Louisiana State Penitentiary, a federal judge ruled Wednesday.
State lawmakers will not appeal a judge's ruling that it was improper to use $3.7 million from a probation and parole officers' retirement fund to balance the state's operating budget.
Conservatives have been losing their minds over this satirical bit on the Colbert Report.
The Lafayette Parish School Board leaves a lot to be desired, but is scrapping the election process in favor of an appointed board the answer?
The House approved legislation Tuesday night to roll back a recently enacted overhaul of the federal flood insurance program, after homeowners in flood-prone areas complained about sharp premium increases.
The NFL has formally designated New Orleans' Jimmy Graham as a tight end for the purposes of his franchise tag value, which is now set at $7.05 million next season unless Graham and the Saints subsequently agree on a long-term deal.
A federal appeals panel ruled Monday that businesses don't have to prove that they were directly harmed by BP's 2010 Gulf Of Mexico oil spill to collect settlement payments.
The Louisiana Department of Transportation and Development has closed Interstate 10 from I-49 in Lafayette to Seigen Lane in Baton Rouge.
Jim Bernhard, who engineered the sale of The Shaw Group for $3 billion, recently has told several people involved in Democratic politics that he intends to run for governor in 2015.
A New Orleans levee board wants to hold the oil and gas industry accountable for decades of damage to our state’s coastline, but the Legislature may be poised to put the kibosh on the suit.
New standards curb elective induction
CVS stops tobacco sales
If an Acadia Parish fiddler misses a note while swatting a fly, will a St. Martinville accordionist learn “Ma ‘Tite Fille”?
(It's good, it's bad and it's just crazy)