March 2021 - Ucol-shareholders

Settlement of C1
by Alex King 19 Mar '21

19 Mar '21

At the last meeting, the directors were asked to contact purchasers who needed to arrange finance, to check that their finance was on track. The directors were aware that Claire had been exploring different options for her finance, so we met with her on Saturday. Claire's mortgage broker is currently going through a process with two banks. Clare was told on Friday that the broker only gave a 50/50 chance that she would be successful with those banks. Some other options that Claire had been exploring have not worked out. Claire has already paid almost all of the cost of her unit as a loan to UCOL, except approximately $106,000, so she is seeking to finance the last $100,000. The immediate implication of Claire not being able to settle on settlement day would be that she would not be able to move in with the rest of us, and UCOL would continue to own C1. As long as everyone else was able to settle, we would still have enough fund to pay off the bank loan and settle the other units, so it should not delay settlement. This would rely on retaining the external loans from people not settling units (including Claire) - which the company can do for up to 6 months after settlement (see loan agreement) According to Clause 11 of our S&P agreements, anyone defaulting at settlement will be given notice and then has up to 12 working days to settle, after which UCOL can sell the unit. If this happened with Claire, UCOL would arrange for C1 to be sold, and then pay back the remaining loans, including Claire's. If the banks don't come through with mortgage finance this week, Claire has a few other options. She is investigating getting a loan from e.g. non-banks (2nd & 3rd tier) lenders. She is also be interested in finding other sources of lending, or perhaps find someone else to buy a share in her house. If anyone knows of possibilities for finance, Claire would be keen to hear from you. Perhaps one of us, or some of us, or someone we know might help. The directors would be delighted if Claire was able to settle with the rest of us. We can't give investment advice though, and anyone considering investing in Claire's unit should seek independent advice. Claire can be contacted on 027 2931 983 or via email permacultureparadise(a)gmail.com and she would be very happy to hear directly from people. Thanks, Alex King Director, UCOL P.S, My apologies for inadvertently sending out a note about that with the news about the titles.

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re changing circumstances around moving in to Toiora?
by mariannequinn＠xtra.co.nz 18 Mar '21

18 Mar '21

Hi all: we're close but not quite there yet, it seems! Meantime, I understand that some people's circumstances have changed and what seemed like a 'flexible' moving date is no longer so. Alex has asked that I update the spreadsheet to include this information. So can you advise me if your situation has changed please. Fingers crossed for the DCC signoff - ! Regards, Marianne Marianne Quinn Level 3, 115 Stuart Street, Dunedin P.O. Box 20, Dunedin 9054 ph +6434773115 or 0211612050

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Toiora site access from 20 March
by Anne Thomson 18 Mar '21

18 Mar '21

Hi all, Thanks to those who have offered to be the contact person for site access. (See list below) Sunday has no one available at present,nor Thursday - any takers? Everyone who comes on site needs to go first to the common house to sign the H&S protocol (once) and to record in the book when they take out their unit key, and when they return it. Also use the COVID QR code while you are there. Any tradespeople should also sign in and out of the site in that book. Go well, Anne am pm Saturday 20 Gay Sander & Karen Sunday 21 ?? ?? Monday 22 Pauline Sue T Tuesday 23 Sandy & Frances Sandy & Frances Wednesday 24 Anthony Anthony Thursday 25 ?? ??

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ToioraSiteAccessTomorrow
by Catherine Spencer 18 Mar '21

18 Mar '21

Hi all, Jeffrey and I are rostered on tomorrow. Jeffrey is getting chairs for the Common House at 9am and should be back no later than 10.30. He will need to slip away sometime between 12 and 1 to fetch me, so please let us know if you wish to access your unit, by texting his cell phone 0274467915 and we can work it out, I am sure. We’ll be there until around 5pm…. Catherine

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Toiora onsite access from Saturday
by High Street Cohousing 17 Mar '21

17 Mar '21

Hi all, The roster of people 'in charge' of onsite access has been working well, but we need to extend it for next week. If you can be on site for a whole day or half day from Saturday through to the end of next week, please let me know and I will create a roster. The onsite person is responsible for ensuring that people are aware of the Health & Safety rules and that all keys are being signed out and back in again. If you have tradespeople on site, they should also sign in and out in the book, which is kept along with H&S information in the common house. During the week the workshop door has been opened by S&W first thing in the morning, providing access to the common room. Thank you, Alex, for putting a microwave into the common house kitchen. Let me know if you can be the contact person one day. Anne

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re amended notes from meeting 11th March
by mariannequinn＠xtra.co.nz 17 Mar '21

17 Mar '21

Hi team: apart from some typos, I have received one clarification to the notes from the meeting on 11th March. I've added it into the notes in red but guessing most of you don't re-read the notes, I'm including it here too. Ie Sara confirmed that out of 24 range hood units as well as the Common house, seven sets of charcoal filters that are yet to be delivered. Sara has yet to get an ETA for these, as a different department of F & P ( Accessories) deals with this and they are harder to get hold of. Tim clarified that the function of the charcoal filters is to trap odours when cooking, but the aluminium filters that are included with every range hood are the most important ones to have, as those filters trap grease. See you all next week. Agenda items for the meeting on thurs 25th can be sent to me anytime. FYI I am taking the opportunity to add in people's surnames as a way to test my memory - this feels like early flatting days, when we knew people REALLY well but often didn't know their last names! Exciting to see colours appearing in people's Units and curtains going up! Regards, Marianne Marianne Quinn Clinical Psychologist & Psychotherapist Level 3, 115 Stuart Street, Dunedin P.O. Box 20, Dunedin 9054 ph +6434773115 or 0211612050

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Working bee Saturday?
by Anne Thomson 17 Mar '21

17 Mar '21

I have "working bee - fence" in my diary for Saturday. I was reminded that this is the fence for putting up letter boxes- but perhaps there is grass sowing to do as well?? Will we be fence-building on Saturday - what time do we start and do we need to being anything helpful? Thanks, Anne

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Re: [Ucol-shareholders] Toiora Site Access - Thursday
by Y Lee 17 Mar '21

17 Mar '21

I'll be on site duty tomorrow, Thursday Planning to be there from 10am to 3pm, but I'll stop by early to let a prearranged painter in around 9am Please let me know if you need access. Please txt my cellphone on 021 1424359 rather than email. Regards Min

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hold up with email??
by mariannequinn＠xtra.co.nz 16 Mar '21

16 Mar '21

Morning all: I sent this response yesterday after Catherine thanked Tim to acknowledge others who've played a key role in this project being successful and getting to this point. For some reason, its not gone out so here's my bit ( as acknowledgements are important!) ' Hi team: yes, thank you Tim and also a big shout out to our other wonderful architect, Maria, who has given so much by way of listening and problem solving and assisting people's ideas to come forward. I believe this project is a credit to both of you. Its stronger and a better result due to your combined efforts!! We have been extremely fortunate to have both your talents guiding us. And we chose our building company well! Kia kaha - very exciting to know that the titles have been issued and we have only one more hurdle to complete before settlement. Thanks to the Directors for doing their best to get everyone 'over the line'. Regards, Marianne Marianne Quinn Level 3, 115 Stuart Street, Dunedin P.O. Box 20, Dunedin 9054 ph +6434773115 or 0211612050

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Access at Toiora today
by Anne Thomson 16 Mar '21

16 Mar '21

I'll be around all day. Access to the common house is currently through the workshop, where Rainer is busy. My cellphone is 0274675488. Let me know if you are coming on site. Also - spring bulbs. I will leave a copy of the catalogue in the common house on the sign-in table. Orders will go in next Tuesday, so if you want to order some (and support City Choir) leave a note of what you want with the catalogue. Payment not required yet. Warm sitting inside, as the rain drifts past. Pity about the alarm beeping at irregular but frequent intervals in H2! Anne

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Ucol-shareholders March 2021