Continuing our commitment to transparency, here is an update on the arbitration settlement with Dr. James MacDonald. As we communicated to you in the Elder Update on October 14, 2020, we reached a settlement in the arbitration between James and HBC begun May 2019. Here’s a quote from that update from point one of the summary:
“Cash and real estate . . . HBC also agreed to transfer a vacant parcel of property adjacent to our Crystal Lake Campus, which we had listed for sale on the market since mid-2019.”
Recently, Dr. MacDonald disputed the settlement valuation of the vacant parcel of property adjacent to our Crystal Lake Campus. Upon review, there was an oversight in the documentation believed to be in our possession regarding the value of the parcel.
After two additional independent valuations of the vacant parcel of property adjacent to our Crystal Lake Campus, Harvest and Dr. MacDonald settled this dispute and the legal fees associated with it, and, now that the error has been corrected, we also finalized a new agreement that settled all past claims entirely and prohibits any further disputes or legal actions of any kind.
“So then let us pursue what makes for peace and mutual upbuilding.” Romans 14:19
If you have additional questions or concerns, we invite you to reach out to an elder from your campus.
—The Elders of Harvest Bible Chapel