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The Court:  Item 23, the Roman Catholic Bishop of Sacramento. And I have a note that, well, I have a bunch of appearances, but let's start with the courtroom, presuming we have courtroom people.

Debtor's Counsel:  Yes, good morning, your honor. Jason Rios appearing on behalf of the Roman Catholic Bishop of Sacramento. With me here in the courtroom today is Tom McNamara for the debtor.

The Court:  Okay. And is there anybody else in the courtroom on the Catholic diocese case? There's nobody. Let's see. Drew Glasnovich, is he there?

UCC Counsel:  Your honor, Mr. Glasnovich is not here. I am here in his place, Robert Kugler, on behalf of the Committee of Unsecured Creditors.

The Court:  Mr. Glasnovich is an assistant, okay? Rebecca Wix. Is Rebecca Wix there?

Claimant's Counsel:  Yes, your honor, Rebecca Wix on that chapter.

The Court:  Representing?

Claimant's Counsel:  Kevis.

The Court:  Kevis? Okay. Todd Jacobs. Todd Jacobs, is he there? No. Devon Holloway?

The Court:  No. Steve Williamson?

Parishes' Counsel:  Good morning, your honor. Steve Williamson for the parishes.

The Court:  And Annette Rolain? Apparently not. Anybody else? Did I miss anybody?

The Court:  All right, this as Mr. Rios's motion on behalf of his for the debtor in possession, who proposes to sell real property commonly known as 2685 Riverside Boulevard, Sacramento, California, for $2,900,000. The buyer would be Gormley Family Property LLC, subject to a 5% commission plus costs of $58,000.

The Court:  Debtor wants a waiver of the 14-day stay. The beneficial owner of the property apparently is Catholic Funeral and Cemetery Services of the Diocese of Sacramento, Inc. The motion was made under local bankruptcy rule 9014-1F1 and requires opposition in advance of the hearing. No opposition's been filed. Am I understanding the transaction correctly, Mr. Rios?

Debtor's Counsel:  Yes, your honor. I would just make a few notes to supplement the comments that your honor made. The sale includes a funeral home that's approximately 7,600 square feet. It includes the sale of the real property, the improvements, any personal property located on the premises and any related intangible property, things like licenses and permits.

Debtor's Counsel:  Your honor correctly stated the purchase price of 2.9 million. I just want to also add that it's a sale as is, where is, with all faults. The debtor is not making representations or warranties. The debtor is selling the property as the trustee that holds for the trust with the beneficial interest for the Catholic Funeral and Cemetery Services as your honor noted.

Debtor's Counsel:  I also wanted to note that we propose to hold the sale proceeds pending further order of the court. That's been what we've agreed to do for prior sale orders. And the last item—we're asking the court to approve the sale as a private sale. We don't believe opening the process to overbidding would result in a materially better sale price.

The Court:  Well, let's see what the natural enemies have to say here. Mr. Kugler.

UCC Counsel:  The committee has not filed an opposition because it supports the sale. The committee's analysis is based upon the fact that the property was marketed for approximately 110 days, so over three months. The committee's real estate professionals have taken a look at it and they believe that the proposed sale price is within a range of reasonableness.

The Court:  Okay. Ms. Wix, anything to add?

Claimant's Counsel:  No, your honor.

The Court:  Mr. Williamson?

Parishes' Counsel:  No, your honor.

The Court:  Anybody else? All right, I'm satisfied the transaction is appropriate notwithstanding being opened up for bids, and that it would be also appropriate to waive the 14-day stay. So the motion will be granted.

The Court:  The question becomes how to document that and who's going to approve the order. So I presume it's you, Mr. Rios, and I would imagine Mr. Kugler or Mr. Glasnovich for the committee would sign.

Parishes' Counsel:  No, your honor. None for me, thank you. No need for the parishes either. Thank you.

The Court:  Okay. Thank you. So, I'll just look for an order from you, Mr. Rios, approved as to form by the committee.

Debtor's Counsel:  Thank you, your honor.

UCC Counsel:  Thank you, your honor.