|Re: financing capital projects||<– Date –> <– Thread –>|
|From: R.N. Johnson (cohorandayahoo.com)|
|Date: Mon, 21 May 2012 16:48:05 -0700 (PDT)|
We had a cash call to finance assorted improvements in 2008. We set a minimum amount of the cash call - enough to pay a share of the most necessary improvements. We also had several other projects that we wanted but were not crucial. We also asked those for whom it was possible to pay over an above the minimum so we could atke on additional projects.. We had a couple of households for whom the cash call was a major financial burden at the time, and 3 or 4 household who contributed additional money towards the call. The group decided that at the discretion of the finance committee, households could request to provide part of the cash call in labor, valued at a set amount per hour, and that you could also request to make payments over a 12 month period instead of paying it up front. This worked out for the households and for the community, since we had a great need for labor and project management. One household oversaw several projects as part of their labor, another took on assorted jobs for the community. It worked out pretty well.
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