Financial Structure Before Land Purchase
From: LPManiccia (LPManicciaaol.com)
Date: Mon, 25 Mar 1996 15:18:23 -0600
We are a newly formed cohousing group, Cascadia Cohousing.  We are just
starting to search for land, and before going much further, we want to set up
a partnership agreement between our members that determines how large sums of
money invested by our members will be handled.  We would like to know how
other communities have handled this.  We have heard that some communities
paid interest to early investing members, and others have not.  If interest
was paid, we'd like to know how much?  Also, we're all members required to
make similar investments, such as $10,000 or 10% of the projected cost?  Or
was each member allowed to invest as much as was feasible for them at the
time?  Were the investments of each member made public to the group or were
they kept confidential?  Any other related info would be helpful also. 

Leslie

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