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FPUD ends all dealings with Western Rivers Conservancy

 

Last updated 7/24/2017 at Noon



The Fallbrook Public Utility District (FPUD) board, which June 26 rejected a motion to extend an escrow agreement with Western Rivers Conservancy (WRC) for the purchase of 1,384 acres of land along the Santa Margarita River, held a special board meeting July 14 and voted to end all dealings with WRC.

The FPUD board, in September 2015, approved a sale agreement of the property to WRC for $9,975,000. The purchase and sale agreement set an escrow closing date of December 31, 2016 unless WRC chose to increase the deposit and extend escrow to June 30, 2017.

WRC, which initially put up a $50,00...



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