New owners consider continuing Dyer project
CMR represents a number of investors in the Dyer Mountain project, a proposed 6,700-acre four-season resort near Westwood.
A Delaware corporation named Dyer Holdings, LLC, now holds the fourth deed of trust for Dyer Mountain following a Sept. 3 foreclosure sale on the steps of the Lassen County Courthouse, according to an assignment of the deed of trust filed with the Lassen County Clerk’s Office on Friday, Sept. 12.
Frontier Ridge Global Fund, Ltd., a Cayman Island exempted company, “grants, assigns and transfers … all the undivided beneficial interest under that certain deed of trust executed by Dyer Mountain Associates, LLC, a California limited liability company as trustor to California Mortgage and Realty, Inc.,” to Dyer Holdings LLC, according to the assignment of deed of trust dated Wednesday, Sept. 3.
The original deed of trust was issued on Jan. 9, 2006 as document number 2006-00205, according to the county clerk’s record.
DMA failed to come up with a buyer for the property as prescribed during the company’s bankruptcy proceedings that began in March 2008.
According to court records in the bankruptcy proceeding, DMA owes approximately $51 million to its investors.
Lady Jacks take section title
The Westwood High School Lady Jacks softball team not only had an undefeated season, but is now celebrating winning the Northern Section Division VI championship. The Lady Jacks took on Maxwell High School Saturday, May 18 and won, 2-1, earning themselves the section title. The team ended...Read More...
Susanville Area Bicycle Association gets active on the Bizz Johnson Trail
May 23 — The Susanville Area Bicycle Association is inviting bikers, hikers, runners and walkers of all ages and skill levels to the Bizz Johnson Trail at 6 p.m. Tuesday evenings. The weekly event is part of an outdoor series the association will be putting on through October. The event will begin...Read More...
Lassen College basketball player receives scholarship
Justin McBride takes a shot for the Lassen Community College Cougars. McBride was on the 2013 Golden Valley Conference men’s basketball championship team and recently accepted a scholarship to attend and play basketball for Grace University in Omaha, Neb. Photo submitted May...Read More...