Friday, May 16, 2008

Trustee Parises Linked to Developer

Delta trustee sold land to developer with interest in Lodi satellite campus Parises says he had no idea Gillespie's firm would be part of the campus negotiations

San Joaquin Delta College Trustee Dan Parises sold 10 acres for $2.5 million to a real estate developer that now has a stake in the ongoing land negotiations for the college's Lodi campus.

Dale Gillespie, whose real estate firm DGP Real Estate now represents landowners negotiating with Delta, also said his deal with Parises had nothing to do with the college's decision to build a campus in Lodi.

Complete story


Parises' Troubling Failure to Disclose.

Lodi News-Sentinel (CA)-May 12, 2007

We endorsed Dan Parises the last time he ran for the Delta College Board of Trustees.

...
Parises received $2.5 million for a piece of land on Harney Lane.

Somehow, Parises failed to disclose the money as is legally required.

"I guess I screwed up," Parises said when told of the oversight.

But it gets more complicated, and more malodorous.
Parises got the wheelbarrow of cash by selling 9.9 acres to Dale Gillespie and his San Joaquin Land Co. The Parises parcel will be part of the Reynolds Ranch development, an ambitious, massive and controversial venture.

Gillespie, through another company, DGP Real Estate, is brokering the sale to Delta of land on Victor Road. That land is being earmarked for a Lodi satellite campus. And that deal, which is now in escrow, carries opposition and controversy.

The Victor Road deal will no doubt result in substantial commissions for Gillespie and DGP real estate.
Parises voted in favor of the deal after selling his own land to Gillespie and partners.

And San Joaquin Land Co. owns land near the proposed campus, primed to benefit from escalating land prices near a college setting.

Is Parises now caught in a web of ethical, perhaps even legal, complications?
Unclear.
It is clear that, in regards to the $2.5 million land deal, Dan Parises served his own interests while failing to meet those of public disclosure.

Source

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