Cohousing-L Mailing List: Re: Anyone willing to share their development LLC operating agreement?

[eva (eva]

Hello Melanie,

Thank you so much for the wisdom of your experience, and allowing us to 
see the agreement.

We have a nice selection of them now, so we can compare and contrast.

Thanks again!

Eva

On 2023-05-12 09:38, Melanie Mindlin via Cohousing-L wrote:

> Hi Eva,
> I sent our LLC agreement to your email address.  We put a lot of time 
> into it, and it was reviewed by an attorney. We've been complete for 15 
> years, and I haven't looked at that document for longer than that, so I 
> have some trepidation about sharing it.  Hope it helps.
>
> We had two issues of concern come up during our time as an LLC. One was 
> a problem with our contractor over which they left in the very final 
> moments of construction, leaving us with the rest of the retainage. We 
> had no trouble completing construction in the way we thought best, 
> though it was a hassle. More importantly, it left us on shaky ground 
> regarding latent liability insurance.
>
> The other problem concerns people wanting to join who were not well 
> suited to our intensive decision-making process during construction. We 
> called upon our ability to refuse a couple of people as an LLC which 
> one does not have after switching over to an HOA. While I personally 
> was greatly relieved to be able to do this, but there was quite a 
> disparity of opinion about it. Someone did threaten to sue us under 
> fair housing law, but did not pursue it.
>
> Melanie
> Ashland Cohousing
>
> Date: Thu, 11 May 2023 10:28:35 -0700
> From: Eva Holm <eva [at] olympus.net <mailto:eva [at] olympus.net>>
> To: cohousing-l [at] cohousing.org <mailto:cohousing-l [at] cohousing.org>
> Subject: Re: [C-L]_ Anyone willing to share their development LLC
> operating agreement?
> Message-ID: <137175ED-95B5-45F9-A951-2A068C13783C [at] olympus.net 
> <mailto:137175ED-95B5-45F9-A951-2A068C13783C [at] olympus.net>>
> Content-Type: text/plain; charset=utf-8
>
> Hello David,
>
> Thank you so much, I did receive the attachment.
>
> Unfortunately, these are for a condominium association, not an LLC, so 
> they are not the same thing.
>
> Forming a condominium association is the later stage in cohousing 
> (usually), the LLC is for the development stage.
>
> We are still looking for sample LLC papers.
>
> But thanks for trying!
>
> Eva
> Www.newtcrossing.org [1] <http://www.newtcrossing.org/>
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