Annual Meeting 2019 – Summary

Icebreaker Activity Current Board Introduction (https://www.youtube.com/watch?v=wb-dt8uKb_E) Project Update from Kristen Barker (https://www.youtube.com/watch?v=mbBhxk2fTbc) Board members and supporters have met with NEST and the site co-developer about the possibility of a mixed-use building with Apple Street Market on the ground floor as a tenant and housing above. According to our wholesale supplier, mixed-use developments are currently a very popular way for cooperative groceries to develop. The project would be of great interest as a model for projects around the country. However, there are significant challenges. We have already paid for design work for the store. Now the project entails demolishing the existing site. This leads to higher costs. The current estimate a higher cost of about $1.1 million (not including $150K in new design costs). There is a construction “podium” that needs to be added to support mixed use, and that alone costs $500K. Previously, our estimated costs were approximately $700K in operations and $3 million in store/construction costs. Design was complete and paid. As of...
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