STUDY GROUP III
This is a timeline for a cohousing project starting in the Fall of 2016 with a move-in date of 2020:
Study Group III will then run from July – December, 2017 as a policy-making process during which members discuss and decide how they are going to live together; e.g. Pets, who takes care of whom, when, how; common meals; shared resources, and so on. During this period, members will arrange for the creation of the condominium legal structure and financing.
By mid-2018, the group will be ready to sign a Purchase Agreement through a turnkey arrangement with a Developer involving an estimated $6000 investment per household in order to get all the necessary approvals with the City. Once the approvals are finalized, 70% sales are required to begin construction (approximately 1 year). Units and membership will be pre-sold, as with any condo development, but to participating members only. If all goes well, members can expect to move into their units in 2020.