We just don't do it. On September 24, 2019, the San Diego Superior Court issued a Temporary Restraining Order (TRO) with asset freeze and appointment of a Receiver over the Receivership Defendants (Silver Saddle Commercial Development, LP; Silver Saddle Ranch & Club, Inc.; The Galileo Commercial Property Owners Association, Inc., as well as any other entity that has conducted any business related to Defendants offering and selling of the Galileo Project investment contracts). If you're enjoying this article, you'll love my daily morning newsletter, How To LA. The Receiver took this claim seriously, his team exchanged correspondence with Mr. Jones, and he convened conference calls with the brokers.. After 14 days, the Receiver will respond to any investor objections filed with the Court, so that the Court can evaluate the Receivers calculations. The sale closed but in August 2021, the owners of High Plains Mesa Holdings appealed the sale and filed a bankruptcy petition on the companys behalf without the Receivers permission. Silver Saddle Ranch and Club (Ranch), located at 20751 Aristotle Drive, California City, California 93505. 2023 Southern California Public Radio - All Rights Reserved, 'Beef' Stars Defend David Choe Casting. A copy of the listing brochure is posted in the documents section. PDF Silver Saddle Receivership FAQs Updated as of 10/10/2019 As we previously reported, even though operating expenses have been reduced, maintaining the Silver Saddle Ranch and Club (Ranch) continues to drain the limited resources of the Receivership Estate. Port officials say "resuming cargo operations at Americas busiest port complex is critical to maintaining confidence of our customers and supply chain stakeholders.". What about Silver Saddle Ranch & Club - is it still open? The Receiver has been marketing the Ranch through a real estate broker for sale since May. See March 7, 2022 post below for further information and details. People needed a place to go, to start over. New potential buyer found for Silver Saddle Ranch, BY JACK BARNWELL After completing this process, the Receiver will select the best offer and submit it to the Court for consideration.
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