Project/Farm stay hostelry

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After years of unsatisfactory tenants, the white house is slated to become affordable long- and short-term housing for agricultural workers.

Contents

Project ID: 143

Project steward

Ben Corno

Need

To help relieve low-cost housing pressure on Salt Spring while improving our financial condition and getting more people involved.

Description

Salt Spring Island has a shortage of affordable housing. EcoReality has two largely-empty houses, and could use more participation. It seems obvious that we should make our extra housing space available at a reasonable rate, both for locals on a monthly basis, and to young, "on the cheap" tourists.

Status

  • 2012-08-01 project approved in principle.
  • 2012-09-26: project on hold while long-term white house rentals seem to be stable; re-visit when someone gives notice.
  • 2012-10-03: Ben is in touch with the person who used to run the Cusheon Lake Hostel, who might be a good resource for information and materials, like bunk-beds, etc.

Goal or deliverable

  • Two rooms equipped with two bunk-beds and lockers each, for short-term rental to hostellers.
  • Two rooms sparsely furnished with single or double bed (convertible?), dresser, desk, chair.
  • Additional infrastructure in the rest of house as needed.

Timeline, schedule, or end date

time-related aspects of the project, which may include intermediate deadlines, dependencies, etc

2012-08-01: project approval DONE
2012-08-01: begin hostel regulator research
2012-08-05: begin advertising for monthly rentals DONE
2012-08-05: begin hostel operations research
2012-10-08: begin seeking construction materials
2012-09-01: begin renting two or three rooms


Plan

generally, a numbered list of tasks, performed in order, that will together accomplish the project's goals or deliverables

  1. Seek monthly renters for three bedrooms to provide mortgage income while we equip the first short-term room.
  2. Obtain materials to construct bunk beds -- or buy actual bunk beds.
  3. Install bunk beds in first short-stay room.
  4. Repeat preceding two steps for the other short-stay room.


Financial budget

how much money will be needed, possibly high-low bracketed and detailed, or a complete guess (try to indicate how firm a guess it is!)

Cash outlay

Item Cost Note
Construction materials $1,000 .
Total $1,00 .


Confidence factor: ±100%; may be covered by found/salvaged materials.

Class A shares

No Class A shares envisioned; "pay as you go" financing.

Labor budget

how many people are needed for how long, including specific people or specific skill-sets

40 hours: Jan: research, design, setting up record keeping systems and paperwork needs
40 hours: Ben: operations research, recruiting
200 hours: Jan, Ben, and others: construction and installation

Confidence factor: ±50%

Class B shares

Up to 4,200 Class B Investment Shares issued for 280 hours of labour


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

List of disbursements, including:

  • final, reconciled costs of the project,
  • where money came from for the project, including Class A/B investment shares and to whom they are issued,
  • final, reconciled labour on the project,
    After final accounting, no more time can be allocated to a project.
  • Class A investment shares and to whom they are issued.
  • Class B investment shares and to whom they are issued.

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