SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
December 30, 2002
GRIFFIN LAND & NURSERIES, INC.
(Exact name of registrant as specified in charter)
Delaware 0-29288 06-0868496
-------- ------- ----------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
One Rockefeller Plaza, New York, New York 10020
----------------------------------------- -----
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 218-7910
--------------
Item 9. Regulation FD Disclosure
------- ------------------------
Registrant's December 30, 2002 Press Release is attached hereto as
Exhibit 99.1 and incorporated by reference into this Item 9.
Exhibit 99.1: Registrant's December 30, 2002 Press Release (attached
hereto).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GRIFFIN LAND & NURSERIES, INC.
/s/ Anthony J. Galici
----------------------
Anthony J. Galici
Vice President, Chief Financial Officer and
Secretary
Dated: December 30, 2002
NEWS FROM: Exhibit 99.1
------------
GRIFFIN LAND & NURSERIES, INC. CONTACT:
Anthony Galici
Chief Financial Officer
(860) 653-4541
GRIFFIN ANNOUNCES COURT DECISIONS ON PROPOSED RESIDENTIAL DEVELOPMENT
---------------------------------------------------------------------
NEW YORK, NEW YORK (December 30, 2002)Griffin Land & Nurseries, Inc. (Nasdaq:
GRIF) ("Griffin")announced today that in two related decisions, the Superior
Court for the Judicial District of New Britain, Connecticut (the "Court")
reversed the decisions of the Zoning Commission and Planning Commission of the
town of Simsbury, Connecticut, which had denied applications for Griffin's
development of Meadowood, a proposed 371 unit residential development which
includes affordable housing. The Court specifically approved the zoning of the
property for Meadowood and the site plan for Meadowood, both with provisos that
they must be modified to conform to the final determinations of the Conservation
Commission issues and Water Pollution Control Authority issues, the latter
involving 55 homes proposed to be placed on septic systems within the sewer
district. The Court's decisions also require that soil remediation monitoring
must show compliance with Connecticut's Remediation Standard Regulations before
construction begins. The decisions of the Superior Court are subject to appeal
with leave of the Appellate Court.
Griffin operates landscape nursery and real estate businesses and has an
approximate 35% equity investment in Centaur Communications, Ltd., a publishing
company based in the United Kingdom.
Forward-Looking Statements:
This Press Release includes "forward-looking statements" within the meaning
of Section 27A of the Securities Act and Section 21E of the Exchange Act.
Although Griffin believes that its plans, intentions and expectations reflected
in such forward-looking statements are reasonable, it can give no assurance that
such plans, intentions or expectations will be achieved, particularly with
respect to completion of the proposed Meadowood residential development. The
projected information disclosed herein is based on assumptions and estimates
that, while considered reasonable by Griffin as of the date hereof, are
inherently subject to significant business, economic, competitive and regulatory
uncertainties and contingencies, many of which are beyond the control of
Griffin.