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  Diocese to Sell Farm to Settle Bankruptcy

Associated Press, carried in Sioux City Journal
May 21, 2007

http://www.siouxcityjournal.com/articles/2007/05/20/news/iowa/78c08acc99ee99a7862572e1000fb05a.txt

Davenport, Iowa — In its efforts to resolve a Chapter 11 bankruptcy, the Diocese of Davenport will sell a farm in eastern Iowa for $310,000.

The diocese filed a motion this week in U.S. Bankruptcy Court, Southern District of Iowa. It wants to sell the land to Charles Van Fossen.

The sale will be considered for approval at a court hearing May 30. Until that time, the church can consider other offers on the property and two others it already agreed to sell last month.

The other properties include a single-family house to James and Gayle Ridge, of Long Grove, for $70,125, and the bishop's former home, which is to be sold to St. Ambrose University for $170,100.

The diocese has yet to reach a decision on whether to sell the chancery, which has an assessed value of more than $2 million.

Victims of sexual abuse by priests who have filed claims against the dioceses will get money from the sales.

 
 

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