This page still under construction....
It is important to the integrity of this venture that investments are secure. We believe that the greatest value of One Community is the community itself and that the businesses, intelligent design, location, and land are additional benefits to what we provide. We are committed to building something unique and transformational not only for ourselves, our friends, visitors, our children and our children's children but for the world. This is our legacy, our gift, and our God given right to express our creative and heart felt intelligence by creating the most amazing place to live and thrive that we can imagine. That said, it is important to consider the possibility, no matter how remote, of failure.
The entire political, social and entrepreneurial structure of One Community is designed so that it greater than the sum of its parts, not dependent upon any one person or aspect of the community for success and multi-faceted enough to evolve and change with its members and time... Property Owners and Community Investors can always sell their investments and, so long as the community is growing, these investments will also increase in value. But what if the community doesn't grow or dissolves?
To secure the investments of the Property Owner and Community Investors dissolution of One Community would be accompanied by a First Right of Refusal to purchase all community structures at construction cost minus 20% offered to the Property Owner's first and the Community Investors second. Property improvements invested in by One Community would be considered earned and owned in full by the Property Owners.
Because Property Owners and Community Investors are not voting members of One Community, unless they are Community Members as well, growth of the community and their investment is also important and can be divided into three categories: physical growth, entrepreneurial growth, and community growth. Each of these three categories is defined in such a way that it can be quantifiably assessed for growth that contributes to the value of the community/property as a whole.
Physical Growth: Physical growth is the easiest to assess as it is the addition of actual structures, property improvements and anything else that requires cash investment. Based on current housing and property trends, a ten percent annual increase in tangible growth would be pretty good and is considered the benchmark of our success for physical growth.
Entrepreneurial Growth: Entrepreneurial growth is the growth of the businesses within the community and the three principles of success One Community embodies to make it a thriving community of entrepreneurs with multiple businesses and streams of income. Growth in this area can be objectively assessed based on revenue generated. Our goal in this area at a minimum community generated gross income of 30% of initial property value within the first 5 years (average 6% initial property value of growth each year). Hypothetically speaking this would mean on a 2 million dollar property that would equate to $600,000 gross revenue with a 4.5% (15% of gross) annual return to Property Investors in addition to "physical growth" and "community growth."
Community Growth: Community growth is the least tangible but arguably the most important aspect of the community for contributing to increased property and investor value. Community members run the community but more importantly create the community atmosphere through their community contribution of classes, music, food, and property development. Community growth can be objectively assessed by whether or not the community is growing in active members (voting members investing 30+ hours a week in community building) and community activities available to visitors. A roster of community members and their contribution as well as community activities is used to assess this aspect of the community.
Significant growth as outlined in any one of these areas is considered 'growth' but lack of growth in all three of these areas would be considered 'stagnation' and grounds for review and dissolution of One Community if not corrected within 12 months. Because this is my legacy, and we are all working together and focused on the same goals that are much larger than just 'growth,' stagnation seems unlikely but it is still important to plan for it in the interest of investor security and confidence. Six months of 'non-growth' observed by an investor would constitute a community meeting to correct the problem with investor agreed upon benchmarks of success and consensus on how to achieve this success. It would then be up to the community to show the necessary growth and adequate corrective measures within 6 months that would lead to successful achievement of agreed upon goals by the 12 month point. If this did not occur dissolution as outlined above or community buyout of said investor(s) based on 3rd party appraisal would be initiated at the discretion or the investor(s).
* This page acts as an overview and introduction to One Community and is subject to change. This is not a legally binding contract, document or agreement.
