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Wednesday, December 28, 2011

160 Acres Land Deal, Sacramento

Here is the property presented by Sacramento Hmong Community, Inc., a non-profit status organization, founded by Dr. Lee Pao Yang. Yesterday I met with the group at one of their weekly meeting, held near Sacramento Asian Minority, Inc on Franklin Boulevard. This is a 160 acre agriculture zoned property, listed at 1.275 million, located in Galt, 20 minutes south of Sacramento. This property is considered Sacramento County.





The group is to hold an election to find a chairman to represent the project on January 7th, 2012. Currently the funds are coming from the individuals involved in this project. At this time there is no additional source of funding named. The group is hoping the community will fund the project. There is a $14,000 user permit in order to zone the property for special use and the common agriculture property loan requires a 35% down payment and business proposal on what the use of the land will be intended for.

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