Retirement Community Miramichi, NB

Topics Introduction Objective Description Financials Member Commitment Next Steps Q&A

Introduction Development – Consulting - Management

Introduction Stephen Davies, P.Eng. Lew Cummings, CPA CA Development – Consulting - Management

Green Cove Co-operative Members Coming together to address a common need and to satisfy their personal Objective

Renting An “apartment building” is rental of a housing unit, renting space. Isolation Not easily provided or available: Services to reduce daily effort Community interest and support

Community A Retirement Community is a lifestyle. Designed to create a village, a community; knowing your neighbours, feeling welcome and supported. Available services to help reduce work load while enhancing quality of life.

Member Services Current Plan Dining Room Community Room Maker Space

Member Services & Benefits We have many potential additions, including: Health Care Laundry Services Home Care Beauty Salon Local Transportation Possibly, even a boat dock..... and golf cart access to the center of Chatham. The possibilities are many.  New additions is at the direction of the Membership.

Other Communities - examples

Other Communities - examples

Other Communities - examples

Other Communities - examples

Other Communities - examples

Concept Images Site

Concept Images Unit A

Key Documentation Land base secured. Member Commitments (conditional). Realistic & viable business plan. Future Member(s) availability. Identified risks and liabilities. Ability to attract long term financing. All being developed as part of the process.

Project Cost $14,550,000

Financial Goal Bank Financing 75.0% $10,650,000

Financial Goal Partner Financing 20.0% $3,000,000

(Investment Tax Credit) Financial Goal Partner Financing Community Investment (Investment Tax Credit) Developer Participation Other Investors

Financial Goal Equity Financing 5.0% $ 700,000

Financial Goal Equity Financing Member Share Capital $10,000 # of Units x 70 Total Share Capital $700,000

Financial Goal “The Perfect Site” Land $200,000

Financial Goal Investment Bank Financing 75.0% $10,650,000 Partner Investment 20.0% $ 3,000,000 Contributed Surplus $ 200,000 Member Investment 5.0% $ 700,000 Total Investment $14,550,000

Roles in the Initiative Member Individual(s) making a commitment to become a Resident

Roles in the Initiative Investor an individual contributing financial capital for investment return

Roles in the Initiative City of Miramichi Land Transfer Option

Roles in the Initiative Financial Partner / Developer working with Investors to secure the required project financing.

Non refundable deposit Member Commitment Non refundable deposit $1,000.00 (October 1, 2017)

Member Commitment Share Capital $10,000 Non refundable deposit $ 1,000 Balance, Unit selection $ 9,000

Member Commitment Schedule of Rents (anticipated) Studio 2 300 $ 500 # of Sq. Mthly Apartment Units Units Footage Rent Studio 2 300 $ 500 One bedroom and 1 bath. 4 650 $1,075 One bedroom and 1 den and 1 bath 12 730 $1,200 Two bedrooms and 1.5 baths 20 830 $1,360 Two bedrooms and 2 baths 28 950 $1,550 Two bedrooms and 2 baths 4 1,200 $1,975

Member Services Dining Room Community Room Maker Space Future Plans Current Plan Dining Room Community Room Maker Space Future Plans Health Care Laundry Services Home Care

Member Services (Example)

Member Non Refundable Deposit Financial Commitments Important Dates  October 1, 2017 Member Non Refundable Deposit January 1, 2018 Financial Commitments May 1, 2018 Breaking Ground March 1, 2019 Move-in

Next Steps Listen to Member feedback from the AGM. Creation of Member Commitment agreements; July / August, 2017. Community marketing effort, summer. Community Meeting to generate, signed, Member Commitment agreements; early September, 2017.

Questions & Comments 1 2

Thank You Development – Consulting - Management