Cohousing-L Mailing List: Re: Cohousing Costs and Budgets

[RAYGASSER (RAYGASSER]

EcoVillage at Ithaca members have each put in about $7500 up to this point.
This point is: We just got preliminary approval from the town, the site
plan and houses are all designed, and we're ready for some more detailed
and expensive site engineering & final approvals, with groundbreaking
in May/June/July, depending on how fast the town acts toward final approvals.

We're about to start another round of assessments that looks to be about
$11,000-$12,000 over the next 4 or 5 months, per household, for engineering
and infrastructure work. And the town wants us to have a lot of cash up
front to ensure completion of infrastructure before they'll give final
approval for building all the units. *All the units* is 30 for us. We
have 25 *official* members with 3 on a waiting list. The NY State 
Atty General has just told us we'll need an offering plan before we can
*officially* let the others sign on & give us their hard-earned.

Ray Gasser
raygasser [at] delphi.com