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Cherry Canyon Purchase Proceeding

July 20, 1986

The La Canada Flintridge City Council has authorized its staff to open escrow on Cherry Canyon Phase II, a 40-acre plot of wilderness that the city plans to acquire with help from funds that Gov. George Deukmejian recently approved in the state's 1986-87 budget.

USC, which owns Cherry Canyon Phase II, has agreed to sell it to La Canada Flintridge for $716,000. To buy the land, the city will receive $337,000 from state environmental license plate funds, use $200,000 left over from an earlier parklands grant and contribute $179,000 from its reserves.

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