By : Alexa Iles Skarpelos, co-chair Friends of La Rocha Trail
email: info@savelarocha.org
phone: (323) 469-4977
Exciting Developments Purchase Deal March 9th , 2011
A year ago we thought it would take over $550,000 to purchase the lots along La Rocha Trail
and save them from development. After much effort and the recent assist from City Council
candidate Tomas O’Grady, we were able to put together a deal for significantly less $’s.
Purchase price: $299,000 for all 10 lots . Down Payment: $75,000
Balance due in two years (the owner will charge 10% to hold the paper, which would be
an additional $45,000 if it takes the entire two years to raise the balance)
Maintenance: $25,000 for SMMC/MRCA to hold to pay for annual brush clearing in
perpetuity. Total To Be Raised = $369,000 HDCA Membership Meeting Minutes . March 9, 2011
“We have to act quickly to get the down payment money collected. The deal is not a deal until we
have the down payment and the paperwork is completed. We need everyone to contribute!
Our deadline for getting the down payment is Friday, March 18, 2011.” Alexa.
Alexa Iles Skarpelos, co-chair Friends of La Rocha Trail
