PUC Evaluating Offers Received for Listed Land
April 18, 2012
PUC Lists Select Property for Sale
October 07, 2011
PUC Ends Triad Contract; Drops Ecovillage
October 21, 2010
May 22, 2012: PUC officially withdraws Ecovillage application
Pacific Union College has withdrawn the Ecovillage application to Napa County, which has been inactive for nearly two years. This was essentially a formality since the PUC Board of Trustees voted to drop the project more than a year ago, and the file has been dormant for quite some time.
Currently, the college is only considering what has already been authorized by Napa County, which is the 191 units of needed housing, and the possible rebuilding of our commercial center to better serve the community.
May 7, 2012: Board of Trustees Meeting
At the May 7, 2012, PUC Board of Trustees meeting, the Asset Management Committee presented its report to the full board. The board prayerfully and carefully discussed the top offers again and reviewed comments expressing concern and those expressing support regarding any sale of select PUC assets. The board also reviewed PUC’s history in regard to the previous acquisition and disposal of PUC land/assets. It was discovered that PUC’s founders did not place any prohibition against the acquisition or disposal of PUC land/assets, and they themselves began to dispose of PUC land as soon as they bought the original 1,636 acres in 1909. Over the years, PUC has both acquired and disposed of land/assets as is common with many businesses and other Seventh-day Adventist institutions worldwide. After much discussion, the Board accepted the Asset Management Committee’s report and voted to affirm its 2002 and subsequent decisions to monetize select PUC assets in order to provide funds to enhance PUC’s economic position and its endowment. This Committee also informed the Board regarding a new proposed initiative, The Angwin Initiative, submitted by Save Rural Angwin members Michael Hackett, Volker Eisele, and Paula Peterson, which aims to limit PUC’s rights as a private property owner by re-zoning select PUC land and thus reducing the value of its property. Pacific Union College is now carefully analyzing that proposed initiative, which could end up on the November 6, 2012 ballot.
April 18, 2012: PUC in process of evaluating offers
PUC confirms that there are three serious offers being considered. Current offers focus on the potential sale of 600 acres.
“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.”
October 11, 2011: PUC lists select land with broker
PUC lists select property with Cornish and Carey Commercial Newmark Knight Frank.
October 21, 2010: PUC announces end of Ecovillage project
On October 4, the Board of Trustees voted to end the college’s contract with Triad and drop the ecovillage project while still remaining committed to selling land that is not currently in use by the college and that is considered non-essential to PUC’s core mission.
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