Re: Capital improvements | <– Date –> <– Thread –> |
From: Richart Keller (richart.kellergmail.com) | |
Date: Wed, 4 Sep 2013 07:21:14 -0700 (PDT) |
If my memory serves me, we established a Capital Improvements fund which is replenished through a line item in the budget. A special committee was set up to receive and prioritize a list of items and to approve funding. Rick Pioneer Valley Cohousing On Sep 4, 2013 10:05 AM, "Sharon Villines" <sharon [at] sharonvillines.com> wrote: > > > On Sep 4, 2013, at 9:41 AM, David Entin <davidentin [at] comcast.net> wrote: > > > We are wondering how cohousing communities finance capital improvements > > beyond those covered by replacement reserves. > > Gifts from people who move out. We don't have a transfer fee but in the > early years people who had built the place wanted to leave a gift. Perhaps > they felt guilty for abandoning ship because we were still struggling when > they left. Recent move-outs have not done this. > > Highly recommend instituting a transfer fee NOW for capital improvements > before anyone is thinking of moving out. I doubt if you will get it later. > It is an incredible amount of work to orient and make new people feel > welcome and a part of the mission of the place. So move-outs are work for > those left behind. Income for the capital improvement fund really helps > feelings if not the work. > > Fundraisers inside the community. We had a talent show one year with nice > refreshments served including mixed drinks. We had a 14-year-old who felt > very adult mixing drinks. We just had an auction. Residents donated things > and we were redoing the CH so we had used furniture to sell. One of our > residents, it turns out, has auction experience and he was wonderful. Very > funny guy. Who knew? He doubled the profits I'm sure. I never heard final > figures but I think it was about $2,000. Even kids participated. An 8 year > old bought a set of stacking plastic drawers for her bedroom. Her mother > didn't know she needed them. An 11-year-old bought a camera. Can't remember > what else the kids bought but they really enjoyed it. > > Some of us have wanted to do bake sales at neighborhood street fairs but > others find this demeaning. > > We have also solicited donations for special projects like play equipment > and a steel fence for a part of our property on a corner with very busy > traffic. > > We rarely spend all the money we budget each year. Overage goes into the > reserve fund but could just as well go into capital improvements. (Spending > money is actually hard. Too much research, proposal writing, etc.) > > Sharon > ---- > Sharon Villines > Takoma Village Cohousing, Washington DC > http://www.takomavillage.org > > > > > _________________________________________________________________ > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > http://www.cohousing.org/cohousing-L/ > > >
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Capital improvements David Entin, September 4 2013
- Re: Capital improvements R.P. Aditya, September 4 2013
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Re: Capital improvements Sharon Villines, September 4 2013
- Re: Capital improvements Richart Keller, September 4 2013
- Re: Capital improvements David L. Mandel, September 5 2013
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