Newsletter # 16– November 2018
Welcome to our November 2018 Newsletter.
Rendez-Vous Estates Information Meeting For You
Open to the Public – All are Welcome!
When: Wednesday November 7, 2018 @ 7 P.M.
Where: Club des Blés d’Or Hall – 1254 Dawson Rd, Lorette
If you are unable to attend or you would like more information, please check our website at www.rendezvousestates.ca or email us at Info@rendezvousestates.ca
Fund Raising Event- Sisters of the Holy Rock
“Thank you to the Club Des Blés d’Or and the Knights of Columbus”
The Sisters of The Holy Rock – Dinner & Show Fund Raiser on September 15 was a huge success.
Thank you to everyone that bought tickets and supported the evening. A special thank you to
Eveline Foisy, Michelle Tremorin, Henri Chartier and their teams for their time and efforts on providing a great event.
We recently signed a 1-year agreement with Dan Vermette of ReMax Realty to market Rendez-Vous Estates.
Dan will provide his professional services in real estate marketing, MLS exposure and redirect interested seniors to our sales team to select their suite.
Dan can also provide our signed up residents with one on one guidance and information on selling their homes.
Welcome to our team Dan!
CMHC National Housing Strategy Program
Our application for the CMHC Co-Investment Fund program this past spring, for
capital funding and low-cost financing was declined. There were several factors for
We are currently reviewing CMHC’s new program called the Rental Construction
Financing. The Rental Construction Financing provides low-cost loans to
encourage the construction of rental housing.
Occupancy Fee Reduction Plan (Optional)
Purpose: To provide members with an opportunity to lower their monthly occupancy fee. Many residents who are selling their homes, have to decide where to invest their surplus sale proceeds. Rendez-Vous Estates Occupancy Fee Reduction Plan provides an attractive option. Funds will be required no later than the resident’s move in date.
- Residents interested in reducing their monthly occupancy fee, can request the optional Occupancy Fee Reduction Plan. The amount will be based on the invested amount @ the current Rendez-Vous Estates Mortgage interest rate. The calculated amount will be applied as a reduction to the monthly occupancy fee.
- Reduced monthly occupancy fee
- Return on investment much higher than offered by your financial institution
- 100% refundable when you vacate the premises
Rendez-Vous Estates Mortgage Interest Rate @ 4.5%
Resident deposits $100,000, Calculation: $100,000 @ 4.5% = $4,500 / year
The resident’s monthly occupancy fee is reduced by $375 (See fee table)
ESTIMATED MONTHLY OCCUPANCY FEES
|# Available||Size (Sq. Ft)||Estimate Occupancy Fee||
Estimated Occupancy Fee With $100,000
PROJECT DEVELOPMENT BUDGET COSTS
|Land & Site Costs||$ 458,300|
|Soft Costs||$ 1,909,170|
|Construction Loan Interest||$ 214,813|
|Total Costs||$ 13,505,486|
|Membership Shares||$ 4,510,000|
|Total Funding||$ 13,505,486|
Accepting Resident Waiting List Deposits of $1,000 (100% Refundable)
Select your new suite today!
Pre- Selling $110,000 Membership Shares (100% Refundable).
Contact us at Info@rendezvousestates.ca or
phone @ 204 961-1442.
Membership Share Purchase
At the Co-op’s request, Caisse Financial Group in Lorette, developed specifically for our residents, a financial package to facilitate the purchase of a Membership Share: A Take Out Equity Mortgage for residents who wish to use the equity of their home for the purchase of their Co-op Membership Share, along with other benefits. No payment required to a maximum of 20 months; only a lump sum payment upon receipt of sale proceeds from the sale of your house.
Should you require further information, please do not hesitate to contact myself or anyone on the Steering Committee.
Taché Seniors Non-Profit Housing Cooperative Inc.
Chair Leo Desmarais ph- (204) 961-1442 Email: firstname.lastname@example.org
Vice-Chair Colette Audette ph- (204) 583-8968 Email: email@example.com
Treasurer Roger Prévost ph- (204) 878‐3675 Email: Roger@calpen.com
Secretary Eveline Foisy
Jacques Champagne Michelle Trémorin
Jacques Lavack Claude Jeanson
Robert Toutant George Dupuis
Isabelle Aubin Gisele Chartier
Lucie Gregoire Chartier
Board of Directors:
Leo Desmarais Roger Prevost
Erika Wehrle Denys Audette
C.D.E.M.: Jean-Michel Beaudry
Project Dev. ReSolve Group
Architect: Verne Reimer Architecture
Website: Isabelle Aubin
Legal : Alain Laurencelle, Kristen Wittman – Taylor McCaffrey
Accountant: Talbot & Associates
The Steering Committee is group of volunteers from the community that want to make a positive difference for seniors.
We welcome new members to our committee.
Should you be interested in assisting us, please contact Leo @ 961-1442.
Help us make a difference!
Copyright © 2018 Rendez-Vous Estates, All rights reserved.
You are receiving this email as you requested for information on Rendez-Vous Estates.
Our mailing address is:
Box 144B, RR #2
Lorette, Mb R0A0Y0