|Re: COMPENSATION FOR FOUNDERS' HARD WORK||<– Date –> <– Thread –>|
|From: Mac Thomson (macheartwoodcohousing.com)|
|Date: Wed, 8 Dec 2004 11:12:04 -0800 (PST)|
Copied below the system we used here at Heartwood, which I think worked quite well. BTW, Heartwood was in development from 1994 - 2000, with most move-ins happening in 2000. We are 24 households in rural SW Colorado. Good luck with your dreams of creating community. After nearly 5 years here, life seems to be getting easier and richer with my dreams of community being realized more and more with each passing month. In my experience there seems to be a learning curve to creating a tribe from scratch -- something I wasn't necessarily expecting when I moved in Cheers, Mac -- Mac Thomson Heartwood Cohousing Southwest Colorado http://www.heartwoodcohousing.com "In all things of Nature there is something of the marvelous." - Aristotle ********************************************************** MEMBERSHIP INCENTIVES 08/18/99 PHILOSOPHY Membership Incentives are offered for a number of reasons: * To reward Members that join early for the high level of risk inherent in the development project during the initial phases. * To reward Members that join early for the use of their money for a longer period of time. If it wasn't paid to HC, it could be earning interest somewhere else. (Every household was required to invest $6000 to become members. The $6000 was later credited to their lot purchase.) * To reward Members that join early for the extra work that they put in at the beginning. * To encourage Members to sign up early, especially at critical points in the development process. Our Membership Threshold Goals must be met for us to move ahead with development. CHOICE OF LOT The order in which households become Members is the order in which they will get to choose lots. To avoid any misunderstanding, it should be understood that lots will be priced differently depending on their relative market values (views, trees, topography, etc.). These prices will be determined before lots are chosen. EQUITY CREDITS Equity Credits are awarded to Members based on when they join during the development project. A Member household that joins before the following development milestones and is current in their stock purchase payments receives the following Equity Credit: Site control (under contract for land) May 22, 1997 $5000 Land Purchase May 22, 1998 $3000 Receiving preliminary land use approval December 21, 1998 $2000 Beginning of construction August 12, 1999 $1000 So a Member household that joined after May 22, 1997, but before May 22, 1998 and is current with its payments would receive a $3000 discount off the price of their lot. If that Member selects a $54,000 lot, they would only pay $51,000 for the lot. The credits are used at the time of final lot purchase.
- RE: COMPENSATION FOR FOUNDERS' HARD WORK, (continued)
- RE: COMPENSATION FOR FOUNDERS' HARD WORK mark nichols, December 7 2004
- Re: COMPENSATION FOR FOUNDERS' HARD WORK Dahako, December 7 2004
- Re: compensation for founders' hard work Lynn Nadeau, December 7 2004
- Re: compensation for founders' hard work Lynn Nadeau, December 8 2004
- Re: COMPENSATION FOR FOUNDERS' HARD WORK Mac Thomson, December 8 2004
Results generated by Tiger Technologies Web hosting using MHonArc.