7-10-24 PB Agenda Packet - Laserfiche WebLink

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37 1574 from. There are senior housing cooperatives that are really becoming very popular in the upper Midwest and 1575 Minnesota and Wisconsin. There are about 150. It's become an industry, and these are typical high-rise buildings 1576 with 60 to 100 residents, but after a developer creates the building, it's sold to the people who have moved in there, 1577 and they govern it as a cooperative,and it's a democratic structure. It's an operated cost structure, so there's no 1578 pecuniary benefit to the cooperative from their actions, and it seems to work very well up in those states, and that 1579 was our inspiration for trying to do that model here. 1580 1581 Whitney Watson: So who would actually own the dwelling unit? Would the individual or family and therefore 1582 they have the right to sell it to whoever they please? Or does the Co-op own the building? 1583 1584 Edwin Cox: In a full Cooperative model, the Cooperative owns all the buildings, all the units. The person 1585 buying the share in the Cooperative has the right to live there as long as they want and play by the rules and, you 1586 know, are current on their fees.And when they go to sell, though,they are able to sell it to anyone with the provision 1587 that that person first has to become a member of the Cooperative. 1588 1589 Whitney Watson: Okay, so this will be a full Cooperative? 1590 1591 Edwin Cox: We haven't determined that. It's possible that some of the units will be fee simple, and others 1592 might be under Cooperative model, but that's still to be determined. 1593 1594 Whitney Watson: Okay. Other questions I have. Looking at the other businesses in this neighborhood activity 1595 node,they provide services and resources for the broader community. How will Fiddlehead add to the mix and 1596 continue to enhance the existing activity node?And I really note it is kind of a cheap shot, but you talked about 1597 zipping past the entrance to the community in 3 seconds, so clearly,you're not really encouraging the broader 1598 community to come in. 1599 1600 Edwin Cox: I want to make it clear that this is not a commercial activity in the sense of offering any kind of 1601 services to outside people such as having a restaurant where they could come in and eat. There won't be anything 1602 of that type, so no commercial activity that would be part of an activity node. 1603 1604 Whitney Watson: But your narrative also mentions events and having parking for events though. There is an 1605 assumption there that people will be coming to this development from outside the community, and you are reaching 1606 out to a broader community, so to say,well,we're not really providing that for other people is perhaps disingenuous. 1607 1608 Edwin Cox: They would be coming as friends. 1609 1610 Whitney Watson: So there'd be no publicity that anybody would see anywhere else. No social media 1611 publications, no... 1612 1613 Edwin Cox: But it's possible it could be on social media but not advertisements as such. No, it would not 1614 be an event like that.There could be things like house concerts. A lot of people in our group host house concerts. 1615 And they charge a fee to pay the musicians and so something of that type is a possibility, but to have a public dance 1616 where there's an admission charge or something like that, I think that would not be the case. 1617 1618 Whitney Watson: Okay, so back to my question. So what will Fiddlehead do to enhance this activity node given 1619 the other businesses and residences that are in that area already? 1620 1621 Edwin Cox: I don't know that we have really made any determination on that. I can see some possibilities. 1622 We're going to have an energy resiliency strategy where we provide for our residents in terms of power continuity 1623 when the utility power goes out, and I think we can serve as a resource for education in the surrounding community