|Re: Some membership questions||<– Date –> <– Thread –>|
|From: Lynn Nadeau (welcomeolympus.net)|
|Date: Wed, 24 Jun 1998 15:35:19 -0500|
In addressing how we deal with members leaving and arriving at RoseWind, I realize I could also say what we did prior to buying our lots. We were an entity for some years before the accomplishment of our Planned Unit Development process with the City created RoseWind lots as legal entities which could be bought. At that point we had an Associate Membership category which one joined with a payment of $10,000 or more, which then was equity on the eventual lot purchase. The contract spelled out that if you changed your mind and wanted out, your money could only be refunded once a replacement person joined. This was necessary as we might have already spent the money on land purchase, for instance. In one case an associate member had to leave because of a health crisis. We refunded their money as soon as we had it, even when a replacement member had not joined, out of compassion for their circumstances. Once our lots became official, we paid up to our purchase price and became legal owners of our respective lots. Then, if someone wanted to join, but wasn't completely sure, we had a "courtesy hold" arrangement whereby a person could reserve "dibs" on a particular lot. If and when someone else was wanting to buy that lot, the courtesy hold person had a certain notice -- I forget exactly how much, but something like two weeks, I'd guess--- in which they could pay in full and get that lot, or cede their rights to that lot. Mostly people just bought in when they were ready. Lynn Nadeau at RoseWind Cohousing in Port Townsend where we are gathering families for our last few lots, in the hope of making a combination of single and duplex homes as affordable as we can--- if you've been lurking about joining, this is the perfect time to come forth!
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