|anniversary update (long)||<– Date –> <– Thread –>|
|From: Virginia Moreland (vmorelandmindspring.com)|
|Date: Thu, 15 Jan 1998 12:49:01 -0600|
Someone suggested that folks send updates on their birthdays or community anniversaries, so that spurred me to bring the list up to date on doings in Atlanta. East Lake Commons did in fact have their first official meeting in January of last year, so we can call this our first anniversary. Things are moving along nicely for us - the construction loan package is being considered by several banks and we are guardedly optimistic, but don't want to jinx it! We now have signed purchase and sale agreements (with 5% down-payments) from 18 households, after starting out with 12 in early November. (Additional 5% due when framing of one's unit begins.) With some extra help from one of our members, we've also just acquired a vacant house and empty lot which we badly needed; it will provide more privacy for our community entrance and an on-site office (after a little renovation.) Weather gods and bank officers cooperating, we'd like to break ground in February, start framing in April and have our first move-ins this summer. For those who haven't heard this story before and are curious about the speedy timeline, we are working with a non-profit development corporation; the developer had found and purchased the land quite some time prior to that first official meeting last January. We've had to work through some difficult issues of trust and control in the "developer-facilitated" cohousing model. Some people dropped out, but those of us who have stayed and put up some serious money have moved on to a new level of commitment and collaboration. We still have only two households with small children, but there are several more who are close to joining, and the parental units are putting a great deal of energy into outreach and cultivation of prospect families. The completed cohousing group in Lake Claire has been very supportive. They kindly loaned us their common house for a Friday night in December so we could have our first real East Lake Commons party. I believe they have at least one member on the coho list, so I should let them do their own update, but we have noted with interest that their units have appreciated very quickly in just the year or so since they've been in place. (They are in a very desirable intown neighborhood, and adjacent to a small public land trust.) Issues we're working on right now include specifying some upgrades and options for the units, trying to agree on a name for our street (thank goodness we already have the community named!), beginning to interview farmers so we can get our organic gardens and CSA going this spring, and trying to iron out some of our internal organizational procedures. Oh yeah, and researching the very controversial issue of whether or not to build a swimming pool! We also need to refine the plan for the first common house very soon, and of course marketing efforts continue. I've also neglected to mention here that the Atlanta Journal Constitution ran a very nice article about our project - it was Monday, December 22, 1997, page E3 in their "Horizon" section, which is a weekly business section which focuses on real estate and community development. Finally, we have an evolving website with lots of photos, a site plan, etc. which you're invited to visit: http://members.aol.com/elakecmmns Regarding the viability of cohousing-l, I plead guilty to sometimes not keeping up, sometimes replying privately to posts, and often "not getting around" to posting a question we have. I will rectify the latter shortly. (All it took was a terrible cold to keep me home from work to get this one out.) Ginny Moreland moreland [at] mindspring.com; 404-622-8187 Future owner of unit 105, East Lake Commons, Atlanta, Georgia Where 16 townhouses (2 to 4 BR) and 1 fully accessible 2 BR flat are still available in Phase I, with prices ranging from approximately $86,000 to $150,000. Average purchase price so far has been about $110,000.
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