Our first Membership Meeting for the Riverside Meadows Co-Operative was mainly an informational one!
We accepted the voted on the name (Riverside Meadows).
Following brief discussion, Membership Applications were passed out. Each family is entitled to one Membership and that Membership entitles them to one vote on Co-Operative matters. The Membership fee is $25/household. This becomes the "working capital" for the Board of Directors for initial expenses (postage, fees,filing charges etc.)
Out of a potential 70 households....we have an initial signing of 48..... Off to a great start!
We were charged with the task (for that evening) of discussing, adjusting to our needs and adopting a set of by-laws. We will eventually be writing our own but for now just adjusted the existing ones provided. We were then charged with electing a Board of Directors. Nominations were made by various members. The nominees gave their brief biographies and experience. A ballot vote was taken and officers were elected.
It was made clear that this Board would have the power of negotiating on our behalf, the power to borrow money and would be researching information to present to the Membership regarding our potential purchase.
An empowerment resolution was passed.
Everyone present seemed to completely engaged in the process and eager to see this happen!
The next matter of business will be an open Board of Directors meeting!
(This is what we really look like) 
Concord New Hampshire Realtor
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Joan Mirantz - Joni is a Realtor® with Keeler Family Realtors, a locally owned, Customer Service oriented Firm.
Joan Publishes a monthly Newsletter "Food For Thought" under the pen name Realtor Sherpa.
(Joan also answers to Miz Maven and Miss Joni.)
Joan works in Buyer and Seller Representation with concentrations in the Merrimack Valley Area and towns surrounding Concord NH - the Capital City.
"I love what I do, and it shows in how I do it"
Hi Joan, I remember when you first brought this up and I am very anxious to read this and the other posts as you reveal how a co-operative is set up and how it functions. Wonderful beginning.
Is this your new neighborhood that is going co-op? It's interesting the process that is required to bring it to life. You will have to keep us all posted so we can learn learn learn.
It's SO nice to see you back posting. I missed you!
Joni
Very Good and Informative site.
Tom
This is a great adventure. I am curious to see how this evolves. By the way, how did you get that photo? Did Jeff loan you his private jet?
Hi Joni... by any chance, are you related to the treasurer? Just a hunch here! :)
Joni,
This is pretty cool. I'm interested in following your progress.
Mike in Tucson
Hi Joan,
Is this your new neighbourhood? Looks absolutely beautiful.....
Best wishes to you and yours for a beautiful EAster...
Jo
Hi William...I will definately keep the progress on this updated...thanks for reading!
Thanks Tom...my husband set it up!
Hi Joan...I think my Geoff got it off of Google earth
Steve...you are so observant! LOL
Thanks Mike...I look forward to seeing you back here!
Yes Jo...I really think we will like it here. I'll post pictures when we get all the improvements done!
My husband and I own a commercial biulding with three units all attached...we are having difficulty selling the entire building and thought perhaps we could sell it as a co-op. The township we live in wilol not allow us to codominimize it which would be ideal because everyone is at least familiar with that. Can you offer any help?
judy....you neglected to leave me contact info.I don't know which State you live in and all have their own rules.If you are in NH there is a lot of contact info on a previous post I did. Perhaps that will be helpful!