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Tuesday, February 7, 2012

Regents' Court Petition to Allow Sale of UCLA Japanese Garden

As readers of this blog know, we have been posting documents related to UCLA's proposed sale of the Japanese Garden.  The university's ownership of the garden followed from a donation by Regent Edward Carter in the 1960s.  Carter's wealth arose from his department stores.  You can see his signature on the stock certificate from Broadway-Hale and later one from Carter-Hawley-Hale.

The donation by Carter was modified by an agreement in the early 1980s.  However, because the sequence of agreements required that the university maintain the garden in perpetuity, once UCLA determined to sell the garden, it had to go to court to show that the sale should be allowed due to changed circumstances.  The prior post on this blog included a 2009 task force report seeking sources of revenue during the budget crisis.  The court filing followed that report.

You can read the petition made on behalf of the UC Regents to allow the sale below.



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