Property Sale Update

The Diocese of Sacramento obtained approval from the Bankruptcy Court to sell a property located in Dixon, California for $502,500. The proceeds of the sale will stay with the Diocese until the case is resolved.   In the professional opinion of FTI (our real estate advisors), this sale price is within the range of reasonable values for the property, so the Committee supports the sale.  The Committee will continue to review all proposed real estate sales to ensure that the maximum amount will be available to Survivors in a bankruptcy settlement.