Announcement

To the Green Haven community:

Many of you have been aware that we have been exploring the possibility of purchasing a property in Milford. After nearly a year of discussions and negotiations with the seller, the board of Green Haven, Inc., decided there was no possibility of coming to a meeting of the minds with the seller and concluding a sale. Although our lawyer told us the contract was signed when we announced it in early January, the contract was never subsequently delivered to us. Instead, the seller added new requirements. After an unexpected period of continuing negotiation, we have been unable to reach agreement. We have therefore withdrawn our offer on the property and recovered our deposit.

We did expend some funds on environmental testing of the property and on legal fees associated with the negotiations. On one hand, these expenditures are water over the dam. On the other hand, we learned a great many lessons that should make negotiations and due diligence activities on the next property we select much smoother, faster, and, we hope, less expensive.

Moving forward, our site selection committee has identified a number of properties to investigate in various towns and is also looking for appropriate properties that might be for sale but that are not currently listed on the market.

We remain confident that we will locate another property that will work for us.

Obviously, the attractiveness of any property to any specific family depends to some extent on its location. We remain sensitive to the desire to be within a short commute of New Haven and to be as close as possible to public transit options.

We are committed to quickly narrowing our options and to consulting with everyone who is interested as we make a final choice.

We will be taking time at our next meeting (Sunday, March 6, 6:30 pm) to review what we have learned from our experience, consider any changes we might need in how we work together and with others, and consider whether and how our criteria for choosing a site may have changed. We hope you will join us and share your views.

Please let us know if you have any questions or comments.

The board of Green Haven, Inc.