|Liberty Village Progress (fwd)||<– Date –> <– Thread –>|
|From: Fred H. Olson (fholsoncohousing.org)|
|Date: Fri, 4 Sep 1998 07:32:04 -0500|
Ron Petralito rongroup [at] aol.com is the sender of the message below but due to a problem it was posted by the Fred the list manager: owner-cohousing-L [at] cohousing.org -------------------------------------------------------------------- With great excitement and appreciation for all who have contributed to making this a reality, Liberty Village, Maryland's first cohousing community, announces today that it has signed a development loan with Woodsboro Bank of Woodsboro, Maryland. We will begin infrastructure construction of our 38 unit neighborhood in Libertytown, Maryland immediately, with the first modular home occupied in January 1999. The fee simple lots that are being sold will include 34 duplex units, one single family unit, and three full size lots. Of these, six lots have been designated for homes designed specifically for the physically handicapped. As a group we're all eagerly engaged in the process of selling our current homes and working out arrangements to buy our lots and begin building. Turning friends into neighbors is a compelling process. We're still looking for a few good neighbors, too! To find out more about us, we invite you to visit our new improved website at www.libertyvillage.com , or if you feel like chatting, call 1-800-400-0621 or email us at info [at] libertyvillage.com Come Discover Maryland's Friendliest Neighborhood! More Details: We are SELF DEVELOPED with a core design team of an architect, civil\ engineer and an experienced developer. Looking back now it seems evident that we did not save time by being self-developed, but we certainly became determined to succeed. What we saved financially by being self-developed, we probably gave up in time. We lost only three members over those five years and gained a very dedicated, tight group of 21 families. Over the years we have had a lot of TRAINING in conflict resolution, facilitation of meetings, and consensus and we plan to continue that training (Laird Schaub is to be here for a three-day training in communication next weekend). Five families started this group nine years ago (two remain), got up to 9 families, lost a piece of property five years ago, dropped back to five families and started over. Our site plan and homes, except the out-lots, were DESIGNED BY OUR ARCHITECT MEMBER, Ron Petralito, and are to be built by Apex (modular) Homes, with whom Ron has had a working relationship for several years. Using Ron's Modular Designs we are able to offer each family the opportunity to "plug together" separate kitchen, living room and bedroom design combinations to create a home that will be tailored to their unique needs and budget limitations. By utilizing this approach and modular construction we will create a community with a variety of home designs while maintaining firm house costs and timely construction scheduling. At a late date (the deal with our selected bank was going nowhere) we engaged a new MORTGAGE BROKER to secure the site improvement loan. Within two weeks he was able to secure term letters from two local banks. Take heed of the advice from Katie & Chuck about not trying to arrange financing without a skilled, informed, and especially, connected mortgage broker. We believe it helped when our deal maker became sold on the cohousing idea himself. His joking comment was: "So this is where you 60's people are hiding out (we three presenters are in our fifties)!" When he also commented that we would have a lot more community if we got rid of air conditioning and built more front porches, we knew that we had the right man. He placed the loan quickly because he believed in our project (our presentation), and he is well connected in the local banking community. It should be noted that our DEVELOPMENT APPRAISER was very happy to have the contact list of banks and appraisers put together by Denise Meier. His report was very positive toward cohousing. For those of you struggling out there, keep your focus on the ultimate goal, seek professional help in the areas of site planning, house design and financing, be persistent, and you WILL make it. We did and we started in 1989! Merlin Porter-Borden Liberty Village Cohousing Community "Sometimes (wo)man hits upon a place to which (s)he mysteriouly feels that (s)he belongs. Here is the home (s)he sought, and (s)he will settle amid scenes that (s)he has never seen before, among men (s)he has never known, as though they were familiar...from...birth. Here at last (s)he finds rest. W. Somerset Maugham, The Moon and Sixpence, 1919
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