September 2011

The 254 acre Alexander Valley Resort (“AVR”) project continues to move forward. Annexation into the City of Cloverdale is complete and the reparcelization process to reflect the adopted Specific Plan was completed in August 2011. Final agreements for crossing easements with the North Coast Railroad Authority have been completed and recorded. The last hurdle to completion of entitlements is rescission of the waste discharge requirements by the State Water Board in regards to the wood waste land fill. This should be completed by March 2012

Over the past ten years, Tyris has continued to clean up and prepare the property for future development. All of the contaminated soils have been removed, old foundations and debris that remained after Louisiana Pacific vacated the property have been demolished and removed, ground water contamination in the area of the golf course is continuing to be monitored and over a million cubic yards of a wood waste landfill and contaminated soils have been moved and remediated in preparation for the development and construction of the resort. Once entitlements are complete the project land will be offered for sale.

The AVR project includes a regulation 18 hole par 70 golf course including driving range and clubhouse, a 100-150 room resort hotel with conference facilities, spa and restaurant, 40 resort residential villas, 105 detached single family homes, 25 estate homes, and a 2 acre entry commercial site approved for wine tasting and a restaurant that overlooks a small pond and the 18th hole of the golf course.

Information regarding home sales or golf course memberships will not be available until the start of construction. To be placed on a waiting list for this information please mail or email your interests to: rsexton@tyriscorp.com

Thank you for visiting Alexander Valley Resort