RE: using a developer | <– Date –> <– Thread –> |
From: Rob Sandelin (robsan![]() |
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Date: Mon, 23 Jan 95 17:47 CST |
Sharingwood 1-Did you use a developer for your community? Why or why not? Nope. Developer for phase I was a lady with her own dreams of community. She wanted complete control of development. 3-If you did not use a developer how did you proceed? One investor bought half interest in property, hired a planning firm, drew up plans, got rezoning check list from County, changed plans, fullfilled all rezone requirements, talked to all the neighbors, held a rezone hearing, got a rezone, made a binding site plan, Organized legally as a joint venture,5 other investors bought 2nd half interest in property, reformed legally as a cooperative corporation, contracted out roads and utilities, hired fancy lawyer, created condominium for legal title to developed 9 acres, members buy lots at cost from first owner, owners design and built own houses so each negotiated with bank for individual loans. 16-Is there any advice, in general, you have for a group embarking on this area of the process? Share what you learn with the rest of us via the cohousing journal, the Cohousing Resource Guide, or this list. If you want to do it all yourselves you can still get some good advice about all manner of issues of land development from your local developers, often for the price of a good steak dinner and a couple of beers. Helps to have a member who is in the construction trades to smooze the good old boys for info and advice. Check your membership, you'd be surprised how many people have contractors for relatives. Rob Sandelin Sharingwood
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using a developer HS9981, January 21 1995
- RE: using a developer Rob Sandelin, January 23 1995
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