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Re: risk on post# 9243

Saturday, 12/03/2011 10:38:00 AM

Saturday, December 03, 2011 10:38:00 AM

Post# of 11962
And they may not have purchased it yet. My recollection was the press release said they had an agreement to purchase. If they were smart, the purchase agreement would be contingent upon being able to obtain permits, subdivide, and rezone. We've bought land at work with similar provisions. The attorneys had a good time drafting that language and a half dozen addendums to the agreement.

Phillip