The owners of Bella Terra (BySnergy), a controversial "green" residential development in Sedona have asked the bank to postpone the foreclosure in order to allow them to work on a suitable plan. Bella Terra was planned to be sold at Auction last Friday, April 18th. The Auction has been rescheduled for May 2nd. According to the Notice of Trustee Sale, the original balance on the note was $13M. According to County Records BySnergy (Bella Terra) bought the property for $4.7M in 2002.
Bysnergy has endured nany delays in its construction and fights with local environmrntalists. The permit had allowed the subdivision to operate a wastewater treatment plant near Oak Creek
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