June 27, 2005 - Joint Statement from the Presentation School
Foundation and the Archdiocese of Boston
The Archdiocese of Boston and the Presentation School Foundation (PSF)
held a second meeting this afternoon regarding PSF ' s interest
in purchasing the former Our Lady of the Presentation School.
The Archdiocese
and the PSF will endeavor to achieve mutually agreeable terms and conditions
for the sale of the Our Lady of the Presentation
school property to the PSF.
Both sides agreed that PSF would present a formal offer, including an
offer price and intended use for the school building, to the Archdiocese
within
the next sixty days.
The Archbishop pledged to make available the resources of the Archdiocese
' s real estate division to assist PSF during its due diligence phase
in developing
the formal offer.
If the PSF and Archdiocese agree to a purchase and sale agreement, approvals
will be required by the following Archdiocese committees: Finance Council,
Real Estate Committee and the College of Consulters.
The Archdiocese will evaluate the offer for its monetary value and its
contribution to the strengthening of the Allston-Brighton community.
In attendance at today ' s meeting:
Archbishop Sean
Rev. J. Bryan Hehir
Representatives of the Archdiocesan Real Estate Division
Kevin M. Carragee, Chair, PSF
Jen Doyle, President, PSF
Jim Prince, PSF Board Member
Tom O ' Brien, PSF Board Member
Maria Rodrigues
Jack Fucci, Oak Square YMCA Executive Director & PSF Board Member
Ram Rao, PSF Board Member
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