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Pharasphere won the bid for $1 in January, 2008, because they were suppose to "move forward quickly", but were given until September 1st, 2009 to obtain a building permit before they have even have to take title to the property within ten days for $1.

Even ithough they did not have the building permit on September 1st, 2009, the Terms of Conveyance (TOC) can not be terminated until September