Previous story: RMA votes to start rebuilding North Gate with developer money (August 26, 2009)
Now that the Rancho Murieta Association board of directors has indicated it wants to go ahead with a $1.4 million developer-financed rebuild of the North Gate, how will the Pension Trust Fund for Operating Engineers respond? They say they need time to think about it.
“We’ll have to start the wheels in motion here to see what our rights, duties, remedies are, which we’re pretty adept at,” Mark Taylor, managing director and head of real estate for the investment management firm McMorgan & Co., said by phone Thursday when he was informed of the board vote. Read more » about PTF says it will start studying up on the North Gate proposal