November 2020 - Ucol-shareholders

Fwd: Item for Thursday's agenda
by Anne Thomson 26 Nov '20

26 Nov '20

This is some background information for tonight's dicsussion of "sale of A2": The directors discussed what to do with A2 and were divided as to the best way forward. We have 4 options to decide between regarding the sale of A2. 1. Sell it to the DCC and avoid all this trouble. (Alex's preference) 2. If we want to sell it ourselves, put out a public tender/deadline sale as suggested by Anthony Hamel, and have a group decision/vote on who to sell it to. Has the advantage of establishing the true market price. Has the disadvantage of not sticking to the waiting list promise. 3. If we want to keep the waiting list promise, then Alex would say we need to sell it to the brothers who put their money in and kept it in, Anne and Catherine would disagree. 4. Sell it to the Denleys on the rationale that they first put their money in before the person(s) in 3. Alex says, "I think this is just us deciding who to sell to rather than faithfully following the procedure. In which case I think we're better to dispense with the waiting list entirely and go with 2, which would still let us decide on the Denleys if we felt that was the right option." *Further information*: The market valuation done by Shane from Paterson Valuation came in at $625,000 - which is well under cost. (Cost for A2 is at least $654,000 +cost of appliances + cost of painting + cost of wall unit - DCC was going to pay $675,000 *excluding* GST, so in effect more like $776,000) Two market appraisals from different real estate agents came in $700-800K. The valuation made no mention of Passivhaus esign, nor district hot water scheme. I also attach the current waiting list. Thanks, Anne

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Draft Agenda for Thurs 26 Nov attached
by Jan Burch 26 Nov '20

26 Nov '20

Hi folks A couple of major things to talk about tonight so I've estimated no time for the Open Forum. If there is something urgent that I've left off the attached agenda, please let me know and we'll squeeze it in somewhere. If there are any changes I'll endeavour to get them out to you before 2pm. Thanks jan

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re mortgages. maria please note
by Roz Wilson 24 Nov '20

24 Nov '20

Hi, have worked out it takes nearly three hours for an email to shareholders to arrive in my in box. Hmmmm. I emailed a while ago to pass on problems we are having getting a mortgage from Westpac. We don't need a mortgage to buy M2 but thought we might take one for another project. Have waited six weeks and eventually had a reply from them. basically they have been unable to get any clear information about what will be on the title and, until that is clarified, they can say only they think it will be fine. Until the surveyors have completed the Unit Title plan we do not know at this stage what easements or covenants will be included. Anything that will be included will be as required as part of the development." From solicitors I would suspect it is likely no problem and just a regular unit title as you mentioned but if we can't get a legal opinion on it in the meantime we are a bit stuck with being able to 100% commit. From Westpac We have heard of another unit owner who has had a definite yes from their bank but meantime owners who need mortgages should be aware it might not be cut and dried. Regds roz

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Agenda items for Thurs to me please
by Jan Burch 24 Nov '20

24 Nov '20

Thanks to all those who helped make Sunday so effortless. Sue T gets the prize for doing the longest day I think - inspiring to see the energy she was still expending at the end of the day - making sure everything was exactly as we found it. Meeting on *Thurs 26 November 7.30pm* at NumberWorks'nWords. Let me know what you want us to talk about. Thanks Jan

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ODT letters to ed
by Anne Thomson 24 Nov '20

24 Nov '20

So, "Council further agreed to sell the unit at earliest possible time. That is what the council intends to do" Time to get moving, I guess

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Thank you
by Sandy Ross 23 Nov '20

23 Nov '20

Dear friends, A big thank you to all of those who prepared and contributed to the weekend - induction and Toiora Agreement session. We had a very busy family weekend and were not able to help but it seems to have gone very well (our son and daughter-in-law enjoyed the induction very much). Well done to everyone who was there and played a part. Kind regards, Frances and Sandy

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Toiora High Street Cohousing Agreement edited
by Warren Hurley 23 Nov '20

23 Nov '20

Hi all, Thanks to all who were able to attend yesterday's session, and to Anna & Anthony (whose suggestions were along similar lines to our discussion) I've tried to incorporate the changes that we talked about, and have come up with a different angle on the Annual Group Workshop . . . The altered sections are highlighted in yellow. We got as far as page 5 'The Group' and just dipped into sections past that point. The bulk of the Appendices have been well established, or conversely, recently established, so might not need a lot of discussion. Please bring comments to the next meeting. I'd like to spend 30 - 40 minutes on this and see where we get to . . . I have also edited the Child Protection Policy to update with our new name. Please check this for spelling /grammar etc. Cheers Warren

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Fwd: can you please
by Anne Thomson 23 Nov '20

23 Nov '20

This (below) is to us all, I think, since I was only round for the food. But would very much like a copy of the list sent to ucoldunedin(a)gmail.com - or give it to me on Thursday. I presume someone picked up the list at the end of Sunday? The energy and enthusiasm pouring out of the room at 12.30 was amazing - and there were 8 other people who emailed at the weekend wanting to come. I told them the venue was full, but didn't realise just how full! We do need to be clear about the process of renting/buying from here on in. As I see it, with the possible exception of A2, from now on the decision is entirely with the unit owner. We (Toiora Cohousing) can hold workshops and create a list of interested (and inducted) people that we can offer to unit owners. But not a waiting list as we have been running it. And the unit owner decides who they rent/sell to. What do others think? Anne ---------- Forwarded message --------- From: Roz Wilson <michael.rosemary(a)xtra.co.nz> Date: Mon, 23 Nov 2020, 3:56 pm Subject: can you please To: Anne Thomson <e.anne.thomson(a)gmail.com> Let us have the list of contacts for people interested in renting? Thanks Good day yesterday. Worked well for us as we were keen to have input on the agreement and also found out there are people who might be interested. One lady was really keen but we simply don’t think having a family of four would work in M2. Got min to talk to her, as a D owner, as think dennis and adelyn’s might be much more suitable. Regds roz

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DRAFT OUTLINE-Toiora-HS Cohousing Agreement v3.5.docx
by Roz Wilson 23 Nov '20

23 Nov '20

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Boxes, boxes, boxes
by Warren Hurley 23 Nov '20

23 Nov '20

If anyone is starting to pack and needs boxes - I have plenty. * Small boxes - smaller than a shoe box - ideal for wrapping delicate items * Middle size - wine box size - ideal for books as they are heavy in bulk! * Large boxes - toys, clothing * Giant boxes - ideal for duvets, sleeping bags etc. You will need to visit to select what you want. 44 Manchester St., Bradford If they are too bulky for your car or bicycle, then I'm happy to deliver. Phone me 021 539090 Email me warren.hurley(a)orcon.net.nz <mailto:warren.hurley@orcon.net.nz> Cheers Warren

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Ucol-shareholders November 2020