November 21, 2011

Dear Community Member,

We are pleased to inform you that the foreclosure sale of the JCC in Deal has been postponed by 15 days until December 5^th. 

After substantive discussions facilitated by the Jewish Federation with the leadership of the JCC, the Deal Sephardic Network and other community stakeholders, TDBank (the holder of the mortgage/note) agreed to adjourn the Sheriff's sale originally scheduled for this afternoon, Monday, November 21st.  Concurrently, the JCC in Deal has also deferred their proposed bankruptcy filing.    

Our intent continues to be to find some solution that allows the facility to serve the broad Jewish population of the County while maintaining the financial integrity of the facility.

We are continuing the facilitation of these discussions with relevant stakeholders, including doing financial due diligence towards finding a sustainble business model.  We will keep all of our constituents and stakeholders informed as to future developments.

Please feel free to contact us if you have any questions or concerns.

Sincerely,

Joe Hollander, President

Keith Krivitzky, Executive Director