Osprey Cove Condominiums

We are honored to announce Lake Almanor's only luxurious lake front condominiums, Osprey Cove. Osprey Cove is an exciting new addition to our already stunning Lake Almanor. Lake Almanor is one of the largest lakes in California and the perfect year-round destination. Lake Almanor boasts fantastic outdoor activities and adventure throughout all four breathtaking seasons.

Whether you wish to walk out your door and be on your boat or to just relax with the endless views you will find your dream location here. Private patios and decks, multiple gas fireplaces, walk-in closets with built-ins, wiring for theater and audio and an attached garage are all standard in these generous plans. A large boat slip for each unit including locker for wake boards, skis, fishing equipment, etc. guest slips, landscaped waterfront lawn area, gym with commercial strength and cardio equipment, automatic snow and ice removal system including walkways, and a pool and spa are just a few of the quality amenities this project provides.

To date, one building is almost complete. The building consists of three floors with four single level homes available. Each unit is approximately 2200 square feet and features the finest amenities.

Each unit is available for $1,325,000. Reservations are now being accepted on the first phase of the development. Occupancy is expected to be within approximately one month.

Open Houses are every week!! Call us at 530-259-5687 to schedule a personal tour of this amazing opportunity!! We look forward to hearing from you.

Developer sees "bright future" for Dyer Mountain

7/23/08
Sam Williams
News Editor

An official from Dyer Mountain Associates said the company is working with investors who may step forward in the next few weeks and save the embattled project from bankruptcy.
Sara Duryea, DMA co-manager and one of the people officially in charge of the 6,700-acre, four-season resort project near Westwood, said it would be inappropriate at this time to reveal any details about new investors interested in the project.
"We're currently under the protection of the federal bankruptcy court," Duryea said. "We have until the end of September to file a plan with the court to satisfy our creditors and move out of Chapter 11. We're meeting weekly with new interested parties. We expect there will be a bright future for the project."
According to Duryea, the new investors are in a "due diligence period" and there won't be anything conclusive to report to the public until DMA files its financial plans with the court in mid-September.
She said DMA was still in possession of the property, and many aspects of a possible deal with new investors remain unresolved.
When DMA filed for Chapter 11 bankruptcy protection in federal court in San Francisco Thursday, March 27, it raised a number of issues for Lassen County.
DMA owes Lassen County $200,000 in back taxes.
Litigation surrounding the proposed project continues - especially the challenge to the developer agreement filed last October by the Mountain Meadows Conservancy, Sierra Watch and the Chico-based Yahi Group of the Sierra Club.
The suit, filed in Lassen County Superior Court, claims the county did not follow California environmental law in certifying the project's Environmental Impact Report, development agreement and tentative parcel map for the resort.
An amendment, filed Tuesday, Jan. 8, alleges the development agreement violates a voter-approved 2000 initiative, which zoned the area around Dyer Mountain and Walker Lake as a mountain resort.
The three groups allege the initiative gave the county the option of changing the land-use designation on the project site if construction of ski facilities had not commenced within seven years.
The suit initially asked the court to set aside the Board of Supervisors' certification of the EIR, development agreement and parcel map.
The three groups also seek an order directing the county to comply with the California Environmental Quality Act, a temporary stay and restraining order, and preliminary and permanent injunctions stopping the county and its agents from taking any action to implement the project until full compliance with CEQA.
Two-thirds of Westwood voters and almost 63 percent of voters countywide supported a November 2000 ballot initiative that amended the General Plan, zoning ordinance and Westwood Area Plan to allow the development of the resort.

Lake Almanor Fishing

ALMANOR FISHING ASSOCIATION

Current Fishing Information and Fishing Map

Current Fishing Report

May 20,2008

Big Springs - (Area 16) - Salmon, Rainbows and Browns showing now. Water temperature 57 degrees. Bait fish in 55 to 65 feet of water - anchovies and nightcrawlers best.
West Shore - (Area 6-7) - Areas 7 through 9 best fishing so far on the west shore. Trollers scoring with needlefish and speedy shiners. Browns and rainbows are hugging the bottom during the day.

Rock Jetties - (Area 7a) - Just north of 7a - good for bank fishermen mornings and late evenings.

Hamilton Branch - North East Shore - (Area 1) - Power House still the best fishing spot for rainbows and browns. Some salmon showing. 2-1/2 to 4 lb. Rainbows being caught mornings and evenings. Day Use Area now open.

Recreation Area 1 - (Area 13 & 14) - Most trollers catching rainbows and browns 2-1/2 to 4 lbs.

Recreation Area 2 - (Area 12) - Bait fishing for rainbows and browns. Jigging works best early morning.
East Shore - (Areas 2-3) - Trollers catching rainbows and browns using rapalas - 10 - 15 feet down. Nightcrawlers also catching fish.

East Shore - (Areas 3, 4 & 5) - Cardiac Cove bank fishermen scoring on browns and rainbows. Lake Almanor Smallmouth Bass -- Bass becoming very active around most points and stumps.

Lake Almanor's New Lakefront Condos

New to Lake Almanor, Osprey Cove!

Your lake, your place.

There is nothing better than living at water's edge in a beautifully appointed home in one of the most spectacular mountain regions in the world. The oppurtunity is now yours. Osprey Cove at Lake Almanor is that place.

Nesled into a perfect curve on the shores of this year-round destination is the resort home you've been waiting for. Osprey Cove offers the finest of lakefront living - the highest quality residences and the best location and amenities.

Realize your dream of being just steps from the water - cut graceful arcs into the early mornign glass, tie your best fly and cast away under the clear blue skies, or just grab your book and have a peaceful read.

Come and see how you can be a part of this very desirable community and own an inspired lakefront resience int he first phase of Osprey Cove.

Dyer Mountain Update April 9, 2008

04/09/08
Sam Williams
News Editor
At least one Dyer Mountain Associates manager put a positive spin on the company's filing for Chapter 11 protection in a federal bankruptcy court Thursday, March 27.

The Chapter 11 process allows DMA to propose to the court a reorganization plan to satisfy its debts. The court must approve this plan before it can be implemented.

Sara Duryea, one of three DMA managers, said the bankruptcy filing gives the company "time to get a deal done. Within 30 days we should have a pretty good idea of whom we're going to be working with. We've got 90 to 120 days to present a plan to the court."

According to Duryea, DMA has "two investors working with us right now, and we're talking with other interested investors. Dyer Mountain is an incredible asset, and there's lots of interest."

Duryea said she is very optimistic despite all the current debt in the housing market. She acknowledged the project "needs equity," but she said she was "very confident" DMA would partner with other investors during the Chapter 11 process who would eventually build the project.

She also said the bankruptcy filing would give the company some time to resolve its conflicts with lenders who have been seeking to foreclose on the property.

Earlier this month, California Mortgage Reality, DMA's mortgage lender, planned several public auctions so the remaining unpaid balance on a deed of trust executed Nov. 18, 2005, could be paid. DMA reportedly owes almost $16 million. CMR extended the deadline at each of those public auctions, held on the steps of the Lassen County Courthouse.

Calls to CMR requesting comment for this story on the DMA bankruptcy filing were not returned.

The Dyer Mountain project has been in the works at least since voters approved a ballot initiative in 2000, which zoned the area around Dyer Mountain and Walker Lake, also known as Mountain Meadows Reservoir, as a mountain resort.

The Lassen County Board of Supervisors approved the environmental impact report, development agreement and tentative parcel map for the resort in September 2007.

A month later, three groups filed suit to stop the resort development, claiming Lassen County did not comply with California environmental law in approving DMA's plans to build, or have other developers build, three golf courses, ski runs, more than 4,000 houses and condos, and commercial and retail projects.

Mountain Meadows Conservancy, Sierra Watch and the Chico-based Yahi Group of the Sierra Club filed the lawsuit in Lassen County Superior Court asking the court to set aside certification of the environmental impact report, development agreement and parcel map.

Attorneys on both sides are collecting material for the "administrative record" in the lawsuit, and trial dates have not been set yet.

Plumas County Arts and Activities

Plumas Arts sponsors these April Arts Events…

Thursday, April 10th
Quincy Words & Music at Morning Thunder, doors at 7pm.
Featured artist is Rob Wade. Open stage follows.
http://www.plumasarts.org/concerts/wandm.html

April 12, Saturday
Taste of Plumas (Flyer attached.) at the Fairgrounds, 5 to 8pm
Tasty delights from 20 of the finest restaurants in these parts, wine tastings, beer samplings, enter the incredible Dine Your Way Around Plumas Prize Drawing (Flyer attached.), see the Quincy Crazy Quilter’s quilt display, get something wonderful at the Silent Auction.
This savory and sweet social event is the big Spring fundraiser for Plumas Arts. With the majority of tickets already sold, we are figuring it is unlikely there will be tickets available at the door. So do not wait— get yours today! Call 283-3402 for tickets or information call 283-3402.
http://www.plumasarts.org/concerts/toplumas.html

April 16, Wednesday
All-County Jazz Night at the Town Hall Theatre, 7pm
All the students from all the high school jazz bands all around the county. Come along and be entertained, impressed and inspired. Donations at the door will be used to support the school music programs.

April 18, Friday
Portola Words & Music at the Feather Art Center, doors at 7pm.
Featured artist is Code Bluegrass. Open stage follows.
http://www.plumasarts.org/concerts/wandm.html

April 19, Saturday
“Terror in the Tropics,” ACT Mystery Dinner 6:30 pm at the Quincy Vet’s Hall
The Association of Concerned Theatre-goers annual mystery dinner theatre is great fun (and great food) and supports Quincy area- student drama programs and scholarships. This event always sells out so get your tickets today at Epilog, the Plumas Arts office or call 283-6510.

April 23d
Kahurangi… Maori Dance Theatre of New Zealand 8pm at the Town Hall Theatre
The culminating event of local Earth Day celebration hosts an extraordinary cultural presentation to from then other side of the planet. Kahurangi presents a collection of vibrant traditional Maori culture, music and dance styles dating back to 900 AD, when their first migration through Polynesia took them from Hawaiki to New Zealand. Call 283-3402 for tickets and information.
http://www.plumasarts.org/concerts/k.html

April 24, Thursday
Words & Music Chester at the Pizza Factory, doors at 7pm.
Featured presentation is a drama production by the St. Andrews Academy. Open stage follows.


Plus… all month long Plumas Arts celebrates Student Art Month.
Displays hang in the Almanor Basin Community Center in Chester, in Greenville at the Library and Sierra Sunrise, in Quincy at the Plumas Arts Gallery and in Portola at “The Feather” Community Art Center.

and…
April 25 & 26, Friday at 6pm and Saturday at 1pm
dramaworks and the Magic Beanstalk Players present the all student musical of
Walt Disney’s The Jungle Book at the Town Hall Theatre. Tickets at Epilog or call 283-1956

Dyer Mountain update in Lassen County

News About Dyer Mountain:

This past week Dyer Mountain Associates filed for Chapter 11 protection. This will give the organization time to regroup and seek more financing. Here is the article that appeared in the 4/2 Sacramento Bee.
Lassen resort developers try to buy time by seeking bankruptcy protection
By Jane Braxton Little - Bee Correspondent
Published 12:00 am PDT Wednesday, April 2, 2008
Story appeared in METRO section, Page B2

The owners of a timbered mountainside proposed for a $35 million four-season resort have filed for bankruptcy protection.

Dyer Mountain Associates filed for protection under Chapter 11 of the federal bankruptcy code to gain more time to raise $15.8 million to stave off foreclosure of the resort property, said Grant Sedgwick, a manager of the company.

The developers have been under the threat of losing their 6,700 acres in Lassen County since November, when California Mortgage and Realty Inc. posted a notice of a foreclosure sale to recoup the money it loaned them.

The Dyer group also owes around $197,400 in back taxes to Lassen County.

"Our finances are obviously in a bit of a mess," Sedgwick said Tuesday.

The controversial ski and second-home resort on Dyer Mountain near Westwood has been planned since 2000, when voters countywide overwhelmingly approved zone changes allowing construction of around 1,000 houses.

Since then the development has grown to include more than 4,000 residential units, two golf courses and a ski resort projected to generate up to 500,000 visitors a year.

After the election, Briar Tazuk, a major investor in the resort and its primary promoter, told county officials construction would start in 2001.

But the developers encountered financial hurdles that delayed approval of the project by Lassen County officials. Among them was a 2004 dispute over their failure to pay a one-time tax payment of $157,000.

The project achieved a major milestone in September, when the Lassen County Board of Supervisors certified a state-required study of its environmental impacts. Sedgwick, who was hired in May as president, said the supervisors' approval freed the developers to seek about $100 million in financing to pay their debts to California Mortgage and Realty and carry the project into the future.

The search for investors has been complicated by foreclosure sales scheduled four times since November.

Each time the San Francisco-based lender has postponed the sale to allow the developers time to come up with the $15.8 million they owe it.

The final deadline was March 27, Sedgwick said. Instead of producing the money, Dyer Mountain Associates filed for protection in the federal bankruptcy court in San Francisco.

"We needed more time. This was a way to get it," Sedgwick said.

The developers have up to 120 days to submit a reorganization plan. They are scheduled to meet with their creditors in May, according to the filing papers.

That will include Lassen County, which will be involved to recoup the back taxes the Dyer developers owe, said Tax Collector Richard Egan. Annual taxes on the company's approximately 30 parcels are around $250,000. They increase to $276,000 with penalties if they are unpaid, he said.

Lassen County is also involved in the bankruptcy proceedings through an agreement with the developers that commits them to paying the county's legal fees in a lawsuit filed in October by three environmental groups.

The litigation is ongoing despite the bankruptcy filing, said Steve Robinson, director of the Westwood-based Mountain Meadows Conservancy, one of the plaintiffs. The filing verifies his belief that the developers "don't have the means to do this project," he said.

The Chapter 11 filing offers an opportunity to recognize the importance of Dyer Mountain and its natural resources, said Tom Mooers, executive director of Sierra Watch, also a plaintiff in the lawsuit. He said he hopes conservation groups will acquire the resort property to permanently protect the area.

Meanwhile, the developers are in "serious negotiations" with two potential investors to raise the money they need to both pay their debts and finance project construction, said Sedgwick. "Strange as it may seem," filing for bankruptcy protection could make that process easier, he said.

Guidelines established by the bankruptcy court will establish "a cleaner path to closing a transaction," said Sedgwick.

For now, however, financial difficulties have postponed construction on the project.

None of the engineering that should have been going on this winter has started, said Sedgwick, who resigned as company president last week but continues to serve as a manager.

He remained optimistic about the resort's future. "The current owners may not be involved in it, but this project will get built," Sedgwick said.