PDF MARY ANN SMITH [Exempt from filing fees pursuant - The Department of editor@desertnews.com, 8016 California City Blvd.St#7,California City,CA, Rosamond celebrates Diamond Street Project Completion, Rosamond Man arrested for Stolen Vehicles, Tehachapi Man arrested for 2007 Sexual Assault Pleads No Contest, S.K.U.S.D. He spent a free weekend there in 2017, and ended up forking over $30,000 for a confusing, desert-land investment product. We will provide a further update at that time. and given another opportunity to tour the property. Winds SW at 20 to 30 mph. 13, 2020), Amendment to Complaint Adding SS Purchco, Kvassay, Huebner (Feb. 5, 2020), Amendment to Complaint Adding Kelly Maney (Dec. 5, 2019), Amendment to Complaint Adding Maria Rosales (Dec. 5, 2019), Temporary Restraining Order (Sept. 24, 2019), Motion to Approve the Sale of the Galileo Project Land, Declaration of Cornelia J. In 1984, the company declared bankruptcy. After obtaining an extensive appraisal, the Receivers team interviewed and selected a broker, Kidder Mathews, to sell the Ranch. The Court is currently scheduled to hear DBOs motion for preliminary injunction on July 24, 2020 at 9:00 a.m. DBO also added Kelly Maney, Maria Rosales, Robert Kvassay, and Richard Huebner as additional defendants. If you were an investor, please continue to keep the Receivers office apprised of any address changes. The current sales brochure for the Ranch and the Galileo Project can be found in the Documents section of this webpage. The last 5 digits of the account number represent the investors unit number. If $100,000 is distributed, then Investor A would get $3,000 and Investor B would get $5,000. That same year, Nat Mendelsohn died. The deadline for bids on the Ranch and the Galileo Project properties was September 14, 2020 at 10:00 a.m. Each investor who submitted a challenge has been contacted by mail and email explaining the Receivers review and determination of their challenge. 2 talking about this. We will seek the Courts approval of the sale at a telephonic hearing on November 6 at 9:00 a.m. via CourtCall and, if granted, the closing should occur 60 days thereafter. The Courts decision means that when the sale closes, the Silver Saddle investors will no longer have an interest in the Galileo Project Land. In this new podcast from LAist Studios, host Emily Guerin tells a story of money, power and deception. The Court also determined that the Receiver had shown the current offer was fair and reasonable. The current sales brochure for the Ranch and the Galileo Project can be found in the Documents section of this webpage. The Court approved the sale on November 6, 2020, and the sale closed on January 14, 2021. Who knows when we'll see such vibrance again in this recently drought-choked land? August 17, 2020 Postponement of Receivers Motion to Cancel Escrows. The Court ordered that the Receiver cannot distribute any money to investors until the end of the case. In part, the ruling states that, [t]he prospective intervenors, like all investors, will be afforded an opportunity to be heard regarding the disposition of the receivership estate through the Receivers notice and recommendations to the Court. The Case Remains Cold, Even 'Affordable Housing' In LA Isn't Affordable. The list is sorted by investor account number, which number was included in the Preliminary Claim Determination letters that were mailed to each investor. The Receiver determined that it is necessary to reopen the sales process and allow all interested parties to present their best and final offers. To support our non-profit public service journalism: Donate Now.
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