|Re: Waiting Lists||<– Date –> <– Thread –>|
|From: Victoria (victoriatrillium-hollow.org)|
|Date: Mon, 1 Nov 1999 21:14:30 -0700 (MST)|
Re: waiting lists We keep a list of people who want to be notified when a unit comes up for sale. When one goes on the market, we notify them all at once. ----- Original Message ----- From: <Berrins [at] aol.com> To: Multiple recipients of list <cohousing-l [at] freedom2.mtn.org> Sent: Monday, November 01, 1999 7:27 PM Subject: Re: 1st Year's Budget and Waiting List > > In a message dated 11/1/99 8:59:13 PM, zabaldo [at] earthlink.net writes: > > << 1. What was your process for creating your original budget; what was the > decision making process? > 2. What is your "wait list" policy? >> > > 1) At Pathways we are also under construction and are also dealing with > setting things up for after move-in. The process for setting up the after > move-in budget was remarkably handled by our finance committe. They came up > with a budget that wowed everyone with its attention to detail and they > offerred several different scenarios, complete with spreadsheets. The > committee includes a former superintendent of schools from a town near > Hartford, who has a lot of experience setting up budgets and forecasting > expenses. It will probably be rearranged after we set up our after-move-in > committee structure, but it does anticipate many long term needs, such as > road and roof repair. > We haven't considered hiring a management company, although we know they > exist and may talk to a couple, just to get an idea of what our condo > association needs to do tax-wise and legally. For example, I just found out > this week that our sewer rate is tied directly to our water use rate; this > will impact how we get water to public places, in that we probably won't just > run hoses from people houses unless we have to. > > 2) Regarding the waiting list, we are lucky and had committments for all > of the units well over a year ago. Those on the present waiting list had to > go through the same requirements unit owners (aka "core" members) had to, but > we are now discussing how to change the requirements so future waiting list > folks won't have to do so much just to get on a list. > > Regarding "membership", our attorney advised us not to use that term in > our by -laws for anyone except core members, because "membership" may infer > some kind of rights regarding the legal association of unit owners (in our > case, a condo association). We don't have a better term yet. Waiting list > folks don't have any benefits or "rights", except the right to attend > meetings (but not vote on consensus items). However, some kind of benefit(s) > could help keep waiting lists folks in touch and ready to buy when the time > comes; hmmmm....... > Some neighboring lots are being sold by our builder and are being bought > by waiting list folks who want to be associated with the community. We used > to call them associate members, but now have to come up with another new > term. Any ideas? We are also discussing just what kind of relationship we > will have with these neighbors. > > Since the waiting list is for resales, you will want to have a resale > policy in place also. For example, if you allow sellers to get the most they > can, you needn't bother keeping a prioritized list, because several list > members may be bidding on the house anyway. However, if you set a price > ceiling, then you can go through the list one by one until you get someone > ready to want that house and meet that price. Also, if you allow some folks > to get bumped up on the list, like famly members or to increase your > diversity, make sure the kind of prioritizing you do is legal. Lastly, if > you make a deal with local housing authorities to help lower income folks, > you may have to make some compromises on how you set up your lists. Good > luck! > > If you like, I will ask the group if I can send you a copy of our final > initial budget ("final initial"- does that make sense?), probably minus the > numbers, and our waiting list and resale policies. > > -Roger
- RE: Waiting lists, (continued)
- Waiting Lists Mac & Sandy Thomson, May 3 2002
- Re: waiting lists Lynn Nadeau, May 4 2002
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