Heads-up for TIC investors

In January 2009, Anne Kruaskopf, Senior Special Counsel of the SEC (U.S. Securities and Exchange Commission), indicated in a 'no-action' letter (found at http://www.sec.gov/divisions/corpfin/cf-noaction/2009/omni011409.htm) that a proposed offer and sale of undivided tenant in common (TIC) interests might fall under the Securities Act of 1933.

While this letter is in response to a very specific set of circumstances and stops short of a definitive ruling, it serves as a warning to TIC investors to carefully consider each and every offering presented to them.

Mitch Todd/Realtor

Associate Broker, MBA and Owner of Tam Realty

415-259-7082

KQED's upcoming special on SPAWN's efforts to help the Coho Samon

KQED filmed in the San Geronimo Valley last Friday for their upcoming special on the plight of the Coho Salmon in the San Geronimo Valley. Their film crew followed Chris Pincetich, SPAWN's Watershed Biologist from the headwaters of the Lagunitas Creek through SPAWN's creek restoration sites downstream to Tomales Bay. They also spent some time at the Native Plant Nursery in our backyard. They filmed the volunteers who staff the nursery every Friday. The 1000's of native plants grown here are used in the creek restoration efforts.

We look forward to seeing KQED's program and hope that it will bring attention to the Coho's struggle to survive despite encroachment on their habitat, trash in their ocean and devastating storms in recent years.