Newsletters

Newsletter # 12 – February 2018

Hi Everyone,

Welcome to our 12th Newsletter.

Our next two public information meetings:

Rendez-Vous Estates Information Meeting For You

Open to the Public – All are Welcome!

When:   Wednesday February 28, 2018 @ 7 P.M. &
Wednesday April 11, 2018 @ 7 P.M.

Where:   Club des Blés d’Or Hall – 1254 Dawson Rd, Lorette

If you are unable to attend or would like more information, please check our website at www.rendezvousestates.ca  or email us at Info@rendezvousestates.ca

Hi Everyone,

No matter where I go these days, and who I talk to, everyone is asking me when is the shovel going in the ground. And depending which day you ask me, I may have a different answer. Trying to negotiate agreements with government bureaucrats, different levels of the political spectrum and our financial institution, is frustrating to say the least. It takes an enormous amount of time, patience and understanding. If we had 100% of our suites pre-sold, the financing would be a no brainer. But because we require financing ahead of sales, we need an $880,000 loan guarantee from the government as stipulated in our latest Discussion Paper with Assiniboine Credit Union. We have submitted a new application to the provincial government for the co-op loan guarantee and expect a quick positive response. The provincial government has re-assured us that we qualify for a $492,000 construction tax credit, which is crucial to our budget.

You can help us get to the construction stage sooner by continuing to talk to family, friends and neighbors to explain the short and long term benefits of this beautiful senior housing project; not only for today’s seniors but for generations to come. We need your help to market Rendez-Vous Estates. We are prepared to make presentations to any group and at any function. Let us know if a group that you are associated with would like a presentation. We would appreciate any ideas that you may have. Let’s All Get Involved!

Our architectural and engineering plans are prepared. Our contractor is ready to start construction. We are looking forward to taking possession of the property from the RM of Tache and putting the shovel in the ground.

We continue to receive a strong and positive response for the optional fee reduction plan, for residents who wish to lower their monthly occupancy fees. Residents who are selling their homes, have to decide where to invest the surplus sale proceeds. The Rendez-Vous Estates Occupancy Fee Reduction Plan provides you with an attractive option. Funds will be required no later than the resident’s move in date.

Occupancy Fee Reduction Plan (Optional)

  • 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 to the monthly occupancy fee as a reduction.

    Example:
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 on
next page)

Benefits

  • Reduced monthly occupancy fee
  • Return on investment much higher than offered by your financial institution
  • Tax Free Investment
  • 100% refundable when you vacate the premises
  • More detailed information will be presented at the October 11 meeting

ESTIMATED MONTHLY OCCUPANCY FEES

    SUITE
NAME
# AVAILABLE SIZE (Sq. Ft) ESTIMATED
OCCUPANCY
FEE
 Estimated  Occupancy  Fee    With    $100,000
 Reduction
Plan
 Beaujolais         6      805   $1,157   $   782
 Cabernet         3      950   $1,366   $   991
 Merlot         2   1,021   $1,468   $1,093
 Bordeaux       18   1,050   $1,510   $1,135
 Sauvignon         2   1,150   $1,653   $1,278
 Chablis         2   1,221   $1,756   $1,381
 Burgundy         6   1,250   $1,797   $1,422
 Champagne         2   1,332   $1,915   $1,540

PROJECT DEVELOPMENT BUDGET COSTS

  1. Project Costs
 Land & Site Costs $      458,300
 Construction $ 10,663,203
 Soft Costs $   1,909,170
 Contingency $      260,000
Construction Loan Interest $      214,813
              Total Costs $ 13,505,486
  1. Funding
Membership Shares $   4,510,000
Grants $         36,000
Donations $       275,000
Mortgage $    8,684,486
              Total Funding $ 13,505,486

Southeast View:


Accepting Resident Waiting List Deposits of $1,000 (Refundable) and Selling $110,000 Membership Shares. Interested in selecting your new suite? Contact us at Info@rendezvousestates.ca or
phone Leo @ 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.

Leo Desmarais
Chair
Taché Seniors Non-Profit Housing Cooperative Inc.
Info@rendezvousestates.ca

 

Steering Committee:

Chair              Leo Desmarais            ph- (204) 961-1442
Email: leoandsuzie@gmail.com
Vice-Chair      Larry Desaulniers        ph- (204) 809‐9247
Email: l_desaulniers@yahoo.com
Treasurer       Roger Prévost             ph- (204) 878‐3675
Email: Roger@calpen.com
Secretary        Eveline Foisy

Members:    Jacques Champagne   Michelle Trémorin
Susan Desaulniers       Jacques Lavack
Robert Toutant              Claude Jeanson             Céline Petit

Professional Support:

C.D.E.M.:      Christian Fais
Project Dev.   ReSolve Group
Architect:       Verne Reimer Architecture
Legal :             Alain Laurencelle, Kristen Wittman – Taylor McCaffrey
Accountant:   Talbot & Associates

 

 

 

 

 

 

Newsletter # 10 –November 2017

Hi Everyone,

Welcome to our 10th Newsletter.

Our next public information meeting is as follows:

Rendez-Vous Estates Information Meeting For You

Open to the Public – All are Welcome!

When: Wednesday November 29, 2017 @ 7 P.M.
Where: CClub des Blés d’Or Hall – 1254 Dawson Rd, Lorette

If you are unable to attend or would like more information, please check our website at www.rendezvousestates.ca or email us at Info@rendezvousestates.ca


Since our last public presentation on October 10, we signed a discussion paper with Assiniboine Credit Union. The document outlines conditions that are required before construction can begin. Our committee is working hard to ensure our project meets those conditions very soon.

We were pleased to receive a new Appraisal Report for our project that indicated a $14,100,000 market value. The construction budget is set at $13,500,000. We instructed our lawyer to proceed with amending and re-registering our Offering Statement, which recognizes the changes to Rendez-Vous Estates. Changes include such items as downsizing the project from 50 to 41 suites, lower construction budget and operating forecast, and the selling of Membership Shares at $110,000. Once the Offering Statement is registered, we will request all residents re-sign new documents that reflect all of these changes. We are hopeful the new documents will be re-signed by our next presentation of November 29th.

Our project partners ReSolve Group, Verne Reimer Architecture and Pretium Builders are waiting for us to give them the green light for construction. The plan is to commence construction in December 2017 by initiating site preparation of digging and re-locating the top soil. The next step of pile drilling and installation will be in February 2018. These steps will ensure the project is well underway before the spring thaw.

Our Marketing committee is pleased with the public response. We continue to receive inquiries for Rendez-Vous Estates from a variety of local seniors, and from outside of the RM of Tache. Snowbirds who are leaving for the winter, are making arrangements with us to ensure they do not miss out on their suite.

Since our last meeting, we received a strong and positive response for the newly announced optional plan for residents who wish to lower their monthly occupancy fees. Residents who are selling their homes, have to decide where to invest the surplus sale proceeds. Rendez-Vous Estates Occupancy Fee Reduction Plan provides you with an attractive option. Funds will be required no later than the resident’s move in date.

Occupancy Fee Reduction Plan (Optional)

  • 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 to the monthly occupancy fee as a reduction.Example:
    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 on next page)

Benefits

  • Reduced monthly occupancy fee
  • Return on investment much higher than offered by your financial institution
  • Tax Free Investment
  • 100% refundable when you vacate the premises
  • More detailed information will be presented at the October 11 meeting

41 SUITES – REVISED ESTIMATED MONTHLY OCCUPANCY FEES

REVISED PROJECT DEVELOPMENT BUDGET COSTS

Southeast View

Accepting Resident Waiting List Deposits of $1,000 (Refundable) and Selling $110,000 Membership Shares. Interested in selecting your new suite?
Contact us at Info@rendezvousestates.ca or
phone Leo @ 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.

Leo Desmarais
Chair
Taché Seniors Non-Profit Housing Cooperative Inc. Info@rendezvousestates.ca

Steering Committee:

Chair:     Leo Desmarais    ph- (204) 961-1442    Email: leoandsuzie@gmail.com

Vice-Chair:     Larry Desaulniers     ph- (204) 809‐9247     Email: l_desaulniers@yahoo.com

Treasurer:     Roger Prévost     ph- (204) 878‐3675     Email: Roger@calpen.com

Secretary:     Eveline Foisy

Members:

Jacques Champagne          Michelle Trémorin

Susan Desaulniers          Jacques Lavack

Robert Toutant          Céline Petit

Claude Jeanson

Professional Support:

C.D.E.M.:          Christian Fais
Project Dev.          ReSolve Group
Architect:          Verne Reimer Architecture
Legal :          Alain Laurencelle, Kristen Wittman – Taylor McCaffrey
Accountant:          Talbot & Associates


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