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Current Status of Raveneaux
Contract:
At the Board's February 2,
2010, meeting, the owners of
Raveneaux submitted a 7th
Amendment which was approved
by the Board. We are
awaiting a fully executed
copy. This amendment
extended the date for
certain performance actions
by the owners from February
1, 2010, until February 15,
2010.
CFPUD continues to meet
their obligations as regards
the existing Contract, with
an expected closing date on
the deal of May 31, 2010. |