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Mr.
DeYoung has waited patiently for 10 years,
looking forward to 2008, to regain control
of the Canterbury Square property.
According
to deeds at Canterbury, Mr. DeYoung would
have the option to buy back the property with
his
offer of $10 million.
Last winter, an offer of $35 million for
the property was made and accepted by more
than 80 percent of the residents of Canterbury
Square.
Now Mr. DeYoung is using a clause in the
deeds to negate that sale because he wants
it to become a commercial site rather than
a mixed-use site.
The issue that impacts Canterbury homeowners
is the possibility that they would receive
a fraction of the potential sale price if
Mr. DeYoung were to buy the property for
a third of what is being offered. Remember
that all the owners in the park are senior
citizens and the proceeds of this sale are
being counted on to help them with financial
needs in their final years.
If the sale does not go through and the
amount that each family receives is considerably
less than negotiated, it will have a serious
impact on their ability to meet their financial
obligations.
In a recent article, Mrs. DeYoung made a
comment about how deteriorated the park was
looking.
Does she realize that many residents have
moved out because they thought that the sale
was imminent? As residents moved to other
living situations, the properties became
vacant with no possibility of finding new
owners and limited opportunities to rent
their units. Some homeowners have even died
in the last few years.
Maintaining these empty units has fallen
onto heirs or family members who may not
even live in the area.
The DeYoungs may have a legal basis for
their complaints against the Criers and the
sale of Canterbury Square.
But is this the image or legacy that they
want for their long-standing involvement
with the City of Woodinville? Do they want
to be known for their greed at the expense
of senior citizens?
Are they so determined to hold up the sale
because they want to make sure downtown Woodinville
is not friendly to families and seniors who
want to live within the city?
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