Cohousing-L Mailing List: Re: Re: condo fees

[Robert (robert]

At Eno Commons, we have 22 households and each household pays dues 
($100/month) which has three components:
  * $40/month: reserves
  * $15/month: capital
  * $45/month: operational

We have agreed to borrow from ourselves from our reserves using our capital 
portion of our HOA dues to pay ourselves (reserves) back with interest.  (I 
believe the pay back period is seven years.)  We also fundraise using 
auctions, dinners and T-shirts.  Direct appeals also works.

However, as you can imagine, what we can spend is less than what we would 
like to spend.  We will be noodling on this as we would like to redo our 
kitchen and complete the Common House upstairs to have guest bedrooms.

-Robert Heinich
Eno Commons Cohousing
Durham, NC
where the foundation for the work shop is complete and the building should 
start soon.


----- Original Message ----- 
From: <LouHarr [at] aol.com>
To: <cohousing-l [at] cohousing.org>
Sent: Tuesday, January 17, 2006 3:35 PM
Subject: [C-L]_ Re: condo fees


> Two Acre Wood,
> Sebastopol Ca, north of
> San Francisco.
>
> Hello,
>
>   Thanks again to all of you and to Fred who keep  Coho-L going. I have
> relied on it for info since before we bought  land.
>  Right now we are looking at how to raise $$ for  projects here.
>  I am glad to see the thread about monthly fees HOA (or  other).
> that you use to manage your places.
>  My questions are about those things beyond  administration ,operating 
> costs
> and reserves.( We now have some solar input  so that our meter runs 
> backward.)
>  We allocate $ to committees such as Community Life,  Bldg & Grounds,
> Landscape Comm., Common House Comm.
>   What is left over is marked as discretionary  funds, dispersed by
> community agreement.
>  What about $$ for landscaping or site  changes, big items for the Common
> House.
> Furniture for outdoor seating, making changes as our  community evolves :
> such as kids yard changes  etc.
>   We are about to create a voluntary contribution  fund for some of these.
> We have also had large contributions and donations  for specific items.
>   I welcome all information.
> Louise Harris
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