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Current iteration of Toiora Cohousing Agreement
by Warren Hurley 27 Nov '20

27 Nov '20

Hi Everyone, Here's the amended Agreement following Thursday's excellent discussion. Once again the yellow highlighted text indicates parts we are still discussing. Purple highlighting shows text I have inserted/composed from suggestions as an attempt to find common agreement. And a green line to show how far we are through on a 'First Reading' - goodness; sounds like Parliament! See you Thursday for more good ideas. Cheers Warren

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Re: [Ucol-shareholders] Long term maint plan for meeting discussion
by Y Lee 26 Nov '20

26 Nov '20

As Attached

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Agenda for tonight
by Jan Burch 26 Nov '20

26 Nov '20

One item added plus some background information glued on to the end of the Agenda document. Congrats to Rainer and Marianne for the sale. Tell us about it later tonight! Jan

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Re: [Ucol-shareholders] Item for Thursday's agenda
by Anne Thomson 26 Nov '20

26 Nov '20

The Waiting List process, as explained to those who went on to it: *Process for those wishing to go on the UCOL Waiting List for a unit.* 1 Go to Urban Cohousing Otepoti Ltd email list. 2 Attend an induction workshop. 3 Pay one-off fee of $100 per person to UCOL. Contact Anne Thomsom (027 4675488). 4 Read resources listed below – cohousing book, highstreethousing.nz website, other, e.g. radio podcast. 5 Sign Introduction to Urban Cohousing Otepoti Ltd Organising Agreement, and pay a fully refundable fee of $5,000.00 per unit into UCOL account to get onto the UCOL Waiting List. This money will ordinarily be held until completion of the build project, unless an offered unit is accepted and the money will be transferred as laid out under 12. 6 Attend meetings, workshops, working bees, dream a little, become involved and start participating in the project, have fun, get to know your neighbours as you wish. 7 Spend time with a UCOL buddy/contact person, asking questions, discussing hesitations and clarifying your own individual needs. Co-ordinator Rosemary Smith (021 335153). 8 Agree to read the child protection policy and sign the declaration regarding child protection. 9 Ensure a Will and an Enduring Power of Attorney are in place. 10 Participate in ongoing decision-making and planning/build work, but not in financial decisions. 11 The Waiting List will show the date of the deposit, all contact details of the member and the preferred unit type. The order of priority on the Waiting List is in the order of deposits. If a unit becomes available it is to be offered to members on the Waiting List in order of priority, regardless of their preferred unit type. If a member does not take the unit, they retain the same priority on the Waiting List. 12 If a unit is offered and accepted during the building period, the $5,000.00 will be transferred into shares of UCOL. Sign the High Street Cohousing Agreement, Sale and Purchase Agreements, and other documentation and make payments as required. Any person who is deemed a property developer for the purposes of the Income Tax Act 1994 shall advise UCOL of such status before becoming a signatory to the Agreement and shall be prohibited from owning a sufficiently large share in UCOL that would deem any other Member to be a property developer by virtue of the definition of ‘associated persons’ given in the Income Tax Act 1994. 13 Receive unit title on payment of remaining balance once build is complete. 14 Move into your new eco-home and neighbourhood! On Thu, Nov 26, 2020 at 2:41 PM Sander Zwanenburg < sander.zwanenburg(a)otago.ac.nz> wrote: > Hi Anne > > > > It seems to me that it is unclear what the “waiting list promise” is. > > > > I wonder if tonight you can produce any written records of how that’s been > worded or explained to interested parties. > > > > We may then agree on its clarity and relevance. > > > > Regards > > Sander > > > > > > *From:* Ucol-shareholders <ucol-shareholders-bounces(a)list.king.net.nz> *On > Behalf Of *Anne Thomson > *Sent:* Thursday, 26 November 2020 10:29 am > *To:* UCOL shareholders <ucol-shareholders(a)list.king.net.nz> > *Subject:* Re: [Ucol-shareholders] Item for Thursday's agenda > > > > Sorry - wrong attachment > > > > > > On Thu, Nov 26, 2020 at 10:22 AM Anne Thomson <e.anne.thomson(a)gmail.com> > wrote: > > > > 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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Fwd: Item for Thursday's agenda
by Anne Thomson 25 Nov '20

25 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 25 Nov '20

25 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 23 Nov '20

23 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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