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Greenbriar Receives Full and Final Sage Ranch Approval
Vancouver, British Columbia--(Newsfile Corp. - August 17, 2021) - Greenbriar Capital Corp. (TS...
About this update from Greenbriar Sustainable Living Inc
[{"type":"text","content":"Greenbriar Receives Full and Final Sage Ranch ApprovalVancouver, British Columbia--(Newsfile Corp. - August 17, 2021) - Greenbriar Capital Corp. (TSXV: GRB) (OTC Pink: GEBRF) The Company is extremely pleased to announce that the USD $480 Million - 995-unit Sage Ranch sustainable housing project located in Southern California has received full and final approval by the Mayor and City Council with a unanimous 4 to 0 vote in favor to approve Sage Ranch. The Mayor and City Council approved all three items on the agenda, namely: 1) the approval of the Sage Ranch Master Development Plan; 2) The approval of the 995 home Tract Map and; 3) The approval and acceptance of the exhaustive Final Environmental Impact Report. (\"FEIR\")This concludes the end of all the discretionary approvals and now Sage Ranch has received Full Entitlement.The company will now complete its concurrent effort to: a) Execute the Master Agreement with our General Contractor; b) obtain our sales approval from the California Department of Real Estate to accept non-refundable deposits, and; c) filing of our Precise Development Plan and all other permits to start construction. The Company wants shareholders to know these next steps are perfunctory in nature, meaning their approval is granted on following defined regulations and statutes. There is no more subjective or political hold-back. You follow the rules and the permits are issued. Sage Ranch is a critically essential USD $480 Million, 995 home sustainable sub-division. Non-dilutionary bank construction financing can be provided at the project level. Further, the USDA and other federal agencies provide 30 to 38-year, sub (2%) two percent home purchase mortgages requiring only a 3% down payment, making the mortgage payments to assist professional families, seniors and single occupants, an affordable home ownership package that is less expensive than renting.Greenbriar owns the 995-unit project without any debt, being one of the only projects of this size in the USA, to own 995 lots, debt-free. This is in and of itself a USD $120 - $150 Million net value to Greenbriar. Greenbriar has been invested in this project since 2011. In attendance on August 16 to support the construction for this project, was our engineers and senior team leadership that backed our project to benefit the massive government aviation projects...