Cohousing-L Mailing List: Re: _Building Community

[Judy Baxter (BAXTER]

Hi Cheryl:
Sounds tough.  I'm a bit confused about your non-profit developer.  It was my
understanding  that one of the roles of a developer (as opposed to a
development consultant, which was all we could find) was to take some of the
risk, and put up some of that money, and make some profit on it.  List? Do I
understand that right?

I know how hard it is to lose a site - and you may well need some regroup time. 
Or you may be able to negotiate another way to hang on to that site.
But forcing the group ahead before it is ready, or large enough to take on the
tasks involved, is also a problem.  Maybe some others on the list have other
ideas.

Judy

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Cheryl Kliewer wrote:
<We recently choose a non-profit developer over a for-profit developer we had
been working with.  The main reason for our shift was that the non-profit
developer understands community.  

Of course once we solve one problem another one arises.  The owner of the
land we hoped to purchase said that we need to put half the money down on
our land Nov. 1, 2001 and pay the other half in March 2002.  The cost of our
land is $240,000 for 9 1/2 acres.

We only have five member families.  We meet to talk about this problem on
Monday night.  I fear that losing the land is the end of our project.  I
doubt our five families will pay half the money that quickly.  I do not know
if I have the energy to start over again and I fear that no one else will
lead the project.  We were hoping to complete site plans and do more
marketing before having to invest such a large amount of money.
>
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Judy Baxter, Monterey Cohousing Community,(MoCoCo) Twin Cities Area, Mpls.,MN
A studio-size coop apt is for sale, a 3 BR townhous is
currently  rented, maybe for sale.
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-- e-mail:      baxter [at] epi.umn.edu
15 homes - 7 new townhomes plus 
        8 coop apartments       in the Mansion (a rehab Georgian building)
(built as a retirement home in 1924 -) which also serves as our Common House
coops moved in 1993, townhomes in 1996
----------------------------------------------------------------------
 Voice Mail for Monterey Cohousing - 952-930-7554
 web page: http://www.jimn.org/mococo/ 
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