|Re: Att: New York State Cohousers||<– Date –> <– Thread –>|
|From: RAYGASSER (RAYGASSERdelphi.com)|
|Date: Wed, 25 Jan 95 21:48 CST|
EcoVillage at Ithaca is currently in the middle of trying to get a waiver from the NY Atty General's office (a "no-action letter") that will allow us to actively look for people to fill the remianing couple of slots we've got. Last I heard (a week ago) it went like this: We sent in a proposal with individual affidavits from 25 households saying that we've all been intimately involved in all of the planning & development and have been working together for years to put this together as our own housing, and not as a speculative development. We've actually had to tell a few people who want to join that we cannot take their money or promise them houses until we get the no-action letter. The A.G. at first came back and said, basically, "We don't really know much about CoHo and exactly what it is you're trying to do, and we're not really sure how you got away with going as far as you did with the 25 households without making an "offering plan" and/or prospectus. So maybe you should just make the plan (for a cost of tens of thousands of dollars and mucho precious building season time), and make life easy for us." Our lawyer called him back, schmoozed for a while, filled him in a little better, and then he said (I beleive), "Well, why didn't you just wait until you had all 30 slots filled, and then we wouldn't need to deal with it (or some similar stuff)." In any event, they seem like reasonable people who are trying to figure out just what CoHo is and hwo to fit it into their models. You may get some good insights by calling the EcoVillage office (607)255-8276 and speaking to Joan Bokaer or Liz Walker. They may even be able to tell you whom to send the No Action request to. Remember, if two people do it they may think it's a movement... Good luck with Westchester. I visited your group a couple of years ago, and it seemd like a good and very dedicated group. And a nice area, though a bit too pricey for us at the time. Ray Gasser, Maplewood NJ EcoVillage at Ithaca raygasser [at] delphi.com
Att: New York State Cohousers OtisWalker, January 24 1995
- Re: Att: New York State Cohousers RAYGASSER, January 25 1995
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