I need to correct a misconceptionIt appears that more than a few of those who got caught holding this stock think that all GRB has to do is make a deal with the Water District in the next few weeks and Sage Ranch will begin construction right away. That is a fallacy.
Obviously no one posting such an idea has bothered to read the judgement, or they simply don't have the intellect to understand what it says. So I guess I will have to highlight the issue once again;
" Upon resolution of the remaining fourth cause of action, a judgment shall be issued in favor of the District, and against the City, and a peremptory writ shall issue commanding the City to take action specially enjoined by law in accordance with the Court’s ruling "
So, once the fourth cause of action is settled, no matter the outcome, the peremptory writ will be issued.
" The peremptory writ, pursuant to Public Resources Code section 21168.9, shall command the City to void the certification of the EIR and any project approvals resulting from the certification of the EIR "
So the city's EIR has to be done again, which means the city has to come up with a more believable opinion on where the future water supply is going to come from, based on simple facts, something the judge dtermined was severly lacking this time around.
So once again, I am not saying the Sage Ranch project is dead, but there is certainly going to be a delay, and that delay isn't going to be just a few weeks as some seem to be dreaming of.
And once again,, everyone with an interest needs to read the judgement, take the time to understand it, and quit posting nonsense, which helps no one.
JMO, and have a great Sunday.