April 18, 2012
The Pacific Union College Board of Trustees is currently evaluating offers for college property listed for sale last year. The board expects to make a decision on a proposal later this spring.
“The Board of Trustees is carefully considering all details of the offers received. We have not accepted any offers yet, and it is premature to assume that a board vote in May will result in an actual sale,” says Heather J. Knight, president of Pacific Union College. “At this time, we are in a process of intense analysis that is sensitive and confidential.”
In spring 2011, PUC listed property that is non-essential to the core of the educational mission of the college. The listing includes the property east of the airport and Belleau Field—all of which is zoned agricultural or ag/watershed and cannot be utilized for a future expansion of the main campus. This property is currently not in use by the college and is not being planned for use in the long-term Campus Master Plan. Since 2004, the college has also had Napa County’s approval to build 191 housing units in select parcels zoned urban residential.
All net proceeds will go into the college’s endowment. The decision to list property is in accordance with a 2002 board resolution to monetize non-essential assets to ensure that the College has resources to meet its current financial obligations, as well as to achieve its long-term financial objectives for future growth and development.
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