Two Orchard Offers Forced Rosalind To Put A Price On Leaving
Part 7 · 3 min read ·
The higher offer was $710,000.
A builder wanted the seven acres with vacant possession. It would buy only if every tenant agreed to leave. Its letter included the cottages Rosalind had promised at the cider supper.
The lower offer was $640,000.
Elena Ward and her sister wanted the venue, the orchard, and room for a small plant nursery. They had inspected the buildings, reviewed our lease, and supplied a bank commitment. Their offer left our sheds in place.
June spread both letters on a conference table.
"The higher figure isn't available on the current terms," she said. "Mr. Menon's company has a lease."
"Then he can release it," Rosalind said.
For months, most of her words had come through lawyers. Hearing her use that sweet, patient tone again made my stomach draw tight.
"What would you pay for the release?" Dana asked.
Rosalind looked at her as if money had spoiled the question.
I had priced a move with a contractor. New drainage, steam service, wiring, permits, and weeks of lost work would cost at least $190,000. That did not include buying another site.
The extra $70,000 on the builder's offer would not cover it.
"You built those costs around staying," Rosalind said.
"Yes," I said. "I signed a ten-year lease."
June kept marketing the property while the lawyers worked. No better offer arrived with proof of funds and terms the sellers could meet.
In May, we spent a full day with a retired judge serving as mediator. We sat in separate rooms. Lunch came in paper boxes. I remembered the plates Rosalind had rented for investors and liked the boxes better.
Dana made me read every draft.
The deal required Rosalind to return the $180,000 to the venue company. The freeze would remain until the transfer cleared. She would resign as manager and give up any right to manage the business again.
The company would complete the sale to Elena and her sister, subject to court approval. Escrow would pay the secured debts from the proceeds in their proper order. My principal, ordinary accrued interest, and allowed legal costs would be paid at closing.
Aster Hollow would receive its $310,000 principal. It would waive its unpaid interest and disputed charges and pay $12,000 toward Claire's legal fees. It would release her from every claim based on the copied forms.
Its partners had removed Gavin from his job. Their lawyer confirmed he had no further role in our file.
Rosalind would pay our $14,400 batch loss and $6,000 of Claire's fees from her eventual share. She would also sign a correction for the investors and venue clients who had received her false account of my lease and loan.
"She wants the word 'misunderstanding' in that letter," Dana said when the mediator returned.
"About what?" I asked.
"The loan."
I looked down at the draft.
"It can say she described a documented loan as a gift. That's what happened."
The mediator carried that answer away.
At four, Rosalind asked to see Claire alone. Beth went with her at Claire's request.
When my wife returned, her eyes were red.
"She offered to leave me her share if I helped stop the sale," she said.
"What did you say?"
"That it was still company property, and I wasn't trading you for a promise."
She sat beside me and ate the apple she had left at lunch.
The final agreement came at six fifteen.
It did not make Rosalind poor. After the debts, costs, and claims were paid, she would receive what remained of her seventy-percent share. Claire would receive her thirty percent. June's final report would account for both.
It did make Rosalind give up the place she had used to rank everyone around her.
I signed because the numbers worked, the release language was clear, and my workers could stay. I did not need her to cry over it.
Before we left, she stood beside the elevator.
"I saved that orchard for your wife," she told me.
"Then you should have let her see the books."
She looked toward Claire. My wife kept walking.
The next week, the $180,000 cleared into the receiver's account. June asked the court to approve the sale and provided the offers, valuation, and proposed settlement.
I went back to watching production logs. We had an order due in Albany, and Rena wanted two new carts before another summer of pushing the bent ones.
Near closing time, a courier came through the open shed door.
He handed me an envelope from escrow. Inside was a request for the original note and my signed release documents.