Board members present: Kathleen C., Beck, Jesse, Carrie, Harry
30 in attendance
- Jesse read the letter that AVAA sent out to all residents.
- If the sale goes through and AVAA is disbanded, we will refund monies to all who contributed based on the proportion given.
- If the sale does not go through, we have a contingency offer with the assistance of ROC for $18 million. We can also apply for grants and receive a lower interest rate.
On average, if a co-op is formed, lease amounts may increase by $25/month. To clarify, ROC has stated that on average, residents whose parks have been purchased have seen rents increased by approximately $100, so factoring in what we will be paying May 1 and the reduction of our automatic withdrawal discount, the net increase will be approx. $25 after May 1.
Grayson will host a meeting with our community.
ROC will support our purchase for 10 years.
ROC Capital will take over our loan.
Questions From Residents
Q: How will we communicate when there is news?
A: We have AVAA meetings scheduled every 6 weeks and will meet and will cancel only if there is nothing to report.
Q: What to do about septic issues and driveway issues.
A: The county coordinates inspections and inspects yearly, cleaning and pumping every 3 years.
- If within 200 feet of city sewer lines, the property will be connected at the new property owner’s expense.
- If we are owners, there will be a reserve fund set up as part of the sale to handle costs, as well as other emergencies.
Q: What is the status of driveway repairs?
A: Harry reported that Jeff told him they are going to be repairing driveways concurrently with the proposed sale. Stay tuned.
Hear Ye, Hear Ye….
Please check this website (AlondaVilla.com) for updates and information.