Project Update Report

June 30, 2014

The 48-unit Napa Creek condo project has now been through the informal review process with the City of Napa. We successfully completed the planning / negotiations with a) the Fire Dept; b) Public Works; c) Fish and Game; and d) Planning. The end of next week we will start the formal application period, which will include two scheduled public hearings. This phase typically takes +/- 4 to 5 months.

We successfully negotiated a purchase agreement on a 1.5 acre parcel in East Napa on which we plan to  design and build 7 Net-Zero Energy duplexes; single family homes with adjoining granny units above the garage. We are in a 60-day contingency period now, during which we will identify any major hurdles we must navigate.