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Pine Run East Mid project: field work delayed until leaf-off; closing likely early next year
Summary
Board members heard an update that the Pine Run East Mid project remains in due diligence, with fieldwork deferred until after leaf-off and a likely closing in the first quarter of next year.
Board members received an update on the Pine Run East Mid project that said due-diligence work is ongoing and that field surveys have been postponed until after leaf-off, delaying any potential closing until early next year.
A staff member told the board the project's survey is in progress but crews are not conducting field work while vegetation is leafed out; as a result, the project is not expected to close before the end of the calendar year and will most likely close in the first quarter of the following year. Board members noted the parcel contains steep slopes and that the survey work is extensive.
The update was presented as discussion and planning only; no formal action or funding decision was made during the meeting. Board members asked questions about the survey timing and agreed to revisit the item after fieldwork resumes.
