|Developer, member fees, non-profit||<– Date –> <– Thread –>|
|From: Ray & Lydia Ducharme (ducharm1cadvision.com)|
|Date: Thu, 7 May 1998 18:33:01 -0500|
I'm a member of Wholelife Cohousing in Calgary, Alberta, Canada. We have 8 committed households and are looking around for land to buy in the inner city. We have recently hired a consultant to come here from Vancouver, BC to give us some advice and will be using her on a as-needed basis. Although we have utmost confidence in her abilities some members would rather not follow her suggestions "blindly". They think we should research subjects ourselves so that we have some knowledge before deciding. (Therefore, I am here to check out this service for the first time). I have reviewed the information that has already been asked/answered on this mail list but would like further information. I have 3 questions. 1. What positive/negative experiences have you had with "being a developer", "working with a developer" or "hiring a developer". We were told we could save money and create affordability by developing it ourselves but some members are worried about the risk. 2. We are thinking of increasing our $1,000 (voting) membership fee to $5,000. Is there really a benefit at this point to increase the amount? (I read about New View's land fund, is that the main reason to have more money...so that you can move on land quickly?) 3. We originally tried to incorporate as a "not-for-profit" but the application has been held up for months (I don't know what was wrong with it). After speaking with our consultant, we asked our lawyer to "stop" our application until we decided whether or not to become a "profit" corp. Any suggestions? Is it easier to get financing? I'm looking forward to connecting with other cohousing groups, thanks for your help. :-) Lydia
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