The Holly House Task Force would like to update all of you as to our progress.
Our buyer has been doing their due diligence with studies & surveys, and they have submitted their materials to the City of Bellevue. The City has changed some of its permitting processes, which has resulted in the whole process taking longer than in the past. Consequently, the buyer has requested extending the feasibility period. The Task Force feels we have a serious buyer and a cooperative relationship, and thus recommended to the Board that we comply with this request. The Board agreed.
It is a complex process but we believe that all parties are operating in good faith and that we are making progress toward our goal to complete the sale.
Holly House Task Force: Craig Nelsen, Ann Fletcher, Bill Austin, Evelyn Smith