Project/EcoReality land purchase trust project

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Contents

Project ID: 108

Project steward

Jan Steinman

Need

This trust (The Trust) is established for the sole purpose of collecting funds for the purchase of land for EcoReality Sustainable Land Use and Education Cooperative (EcoReality Co-op) in a manner that mitigates risk to the collective settlors/beneficiaries of the trust.

Description

See the EcoReality land purchase trust page for more information.

Status

Implementation is dependent on need. If someone comes forward who is interested in putting funds in trust, this could be made "live" in a couple weeks.

Goal or deliverable

Establish a trust to make investment easier.

Timeline, schedule, or end date

  • 2009-10-31: trust established and ready to accept funds
  • 2010-09-27: with the addition of a new investor and financing of the balance imminent, this project is now irrelevant.

Plan

  • Create basic trust operational rules: Jan DONE
  • Have Jim Pasuta make it all nice and legal sounding.
  • Open bank account for the trust.

Financial budget

  • estimated $500 legal

Labor budget

  • Jan: 20 hours writing, research, and liaison with legal
  • Review by members and agreement time: 20 minutes per participant, 3 person-hours total.


Cash Outlay

Due to pending litigation, EcoReality Co-op statistics are not available at this time.

Labour, by person

Due to pending litigation, EcoReality Co-op statistics are not available at this time.

Labour, by activity

Due to pending litigation, EcoReality Co-op statistics are not available at this time.

Vehicle Use

"Vehicles" with no odometer, such as tractors or stationary equipment, are in tenths of an hour, rather than kilometres.

Due to pending litigation, EcoReality Co-op statistics are not available at this time.

Records

Due to pending litigation, EcoReality Co-op statistics are not available at this time.


Final accounting

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