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LAND TRUST CONSIDERING CEMEX ACQUISITION 10-03-2013 10:30 BP

SEMPERVIRENS FUND WANTS TO CONVERT THE FORMER CEMEX INDUSTRIAL PLANT IN DAVENPORT INTO A PROTECTED NATURAL RESERVE.    THOUGH THE LAND-TRUST DOESN’T NORMALLY WORK IN RE-PURPOSING CONTAMINATED INDUSTRIAL LAND, IT HAS RECEIVED A 10-THOUSAND DOLLAR GRANT FROM THE CENTER FOR CREATIVE LAND RECYCLING TO LOOK INTO THE POLLUTION PROBLEM.  CEMEX IS NEGOTIATING WITH SANTA CRUZ COUNTY ON A PLANT CLOSURE PLAN, WHICH WON’T LIKELY BE APPROVED UNTIL NEXT YEAR. CEMEX SAYS IT WON’T ENTER NEGOTIATIONS WITH INTERESTED BUYERS UNTIL IT’S PLAN WITH THE COUNTY IS FINALIZED.

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