|Re: Reserve Studies||<– Date –> <– Thread –>|
|From: Dahako (Dahakoaol.com)|
|Date: Wed, 9 Aug 2006 04:29:52 -0700 (PDT)|
Hi - Another way of thinking about reserve funds is that they are a way to make sure that the people who are "using up" a community resource, like the commonhouse roof or the access road are the people who pay for it. So, as you live in a community, you are paying each month in your condo or HOA fee for the wear-and-tear happening while you are there. When a physical resource is completely worn out, then the accumulated financial resource is available to re-make the physical resource and the cycle starts again. That way, the total value of the physical and financial resources available never wanes. It is actually very elegant. In my opinion, making the balance of community resources decrease is not only selfish and irresponsible, it isn't very "cohousing". Most communities are about taking care of each other and stewarding resources. To me, this doesn't mean just in the now, but through time. Where state law allows, groups can do what Laura Benedict of Self-Help Credit Union taught about at the national conference and borrow from the reserve (and repay with good interest) to do additional capital projects. This practice actually leverages the reserve to increase total community physical and financial value. Jessie Handforth Kome Eastern Village Cohousing Silver Spring, Maryland "Where my 15-year-old kept calling me at work yesterday because she has decided to learn to cook more things so she can really help on cooking teams and not just do prep and clean-up. So, yesterday, she made brownies and two quiches (ok, so the crusts didn't really come out, and they were actually timbales). Today, I hope she cleans her room. . ."
- Reserve Studies Victoria, July 13 1999
Reserve studies Zeke Holland, August 19 2007
- Re: Reserve studies Sharon Villines, August 22 2007
- Re: Reserve studies Mac Thomson, August 20 2007
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