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Greenbriar Sustainable Living Inc V.GRB

Alternate Symbol(s):  GEBRF

Greenbriar Sustainable Living Inc. is a developer of sustainable entry-level housing and renewable energy projects. The Company’s primary business is the acquisition, management, development, and possible sale of real estate and renewable energy projects. It operates through three segments: real estate development in the United States (Real Estate), solar energy projects in Puerto Rico (Solar Energy) and corporate headquarters located in Canada (Corporate). The Company is focused on building two large-scale projects, namely Sage Ranch in Tehachapi, California and Montalva in Guanica, Puerto Rico. Sage Ranch is a real estate community of over 995 entry-level homes in the Tehachapi Valley, a community located in southern California. Its Montalva property (1,747 acres) is a large utility-scale solar and battery storage building with an initial size of 80 MWac or 160 MWdc, located in the southwestern coastal area of Puerto Rico. Its Cordero Ranch property is located in Cedar City, Utah.


TSXV:GRB - Post by User

Comment by Blizzy420on May 04, 2024 8:13am
84 Views
Post# 36023025

RE:RE:No decision from judge

RE:RE:No decision from judge

The city does not agree with the assessment that the district has put forward as to what water is available," she said, adding that the city believes it has demonstrated that there is a reasonable likelihood of water.

The city and Greenbriar also submitted five water rights transfer agreements for a total of 305 acre-feet of Tehachapi Basin groundwater made between August 2020 and July 2022 from water rights previously held by H-Star Investments LLC. Public documents also show that on or about Sept. 1, 2022, Ciachurski transferred 76 acre-feet of water rights to Greenbriar Capital (U.S.).

The judge noted that the water rights in question were not in possession of Greenbriar prior to completion of the EIR and put forth the question, what if the developer decides not to move forward with a pledge of 175 acre-feet of water rights?

the city argues that the first permits will not be granted until the transfer of water rights takes place.    

The judge is finding facts, just cause the water district thinks it's not feasible doesn't mean that is correct.  The city believes they are correct so it truly comes down to the judges decision.  

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