(Long post again, the TL;DR is at the end)
It’s been since November that you have joined The Reef, and since mid-December that you took the step to become Associate Members, and so according to our membership process it’s now time to invite you to apply for Full Membership.
Taking the decision …
Becoming a Full Member of The Reef is not a decision to be taken lightly. First of all because in essence it’s about investing your life-time savings into a real estate project, and second because we’re a self-managed group, which means that you’ll become a partner who will be expected to contribute their fair share.
We know from experience that this is an important life decision that is preferably only taken with enthusiasm and confidence. In case you’d like to talk about it, please don’t hesitate to contact your buddy and/or any Full Member you feel comfortable with.
Other things you could read (if not done yet) that could help you to take your decision include the following:
The Reef’s Blueprint 1.0
L’Echappée’s manual (very insightful in terms of commitment)
Full Members’ rights
As we discussed in the context of the last plenary, the importance of the decisions we are going to be taking in the near future is increasing dramatically. For this reason, when we got together with the Full Members, we realised that it is important to us that only those who are committed to the project by getting financially involved take part in the decision-making (see my post ahead of the plenary of 09/03).
As a result, the full members proposed to make the following changes as to how we would like to move forward (see Chris’ post ahead of the plenary of 09/03):
Requesting Full Membership is only possible if one has received the green light from the confesseur. In practical terms this means the following: A = green light, B and C = go the Immotheker and/or Fonds de Logement, and brief back to the confesseur so you can get the green light.
Starting from 03/04, participating in level 3 and 4 decisions will only be possible for Full Members (more info below).
This comes on top of other additional rights for Full Members that we already decided on:
Possibility to be a member of the Board
Possibility to vote on whether we’ll purchase a certain site, yes or no
Priority in choosing your unit or lot (i.e. the sooner you become a Full Member, the higher up in the list you’ll be)
Full Members’ responsibilities
Here again we’re a bit in a fuzzy situation because we are about to move forward to purchase the site, but we are not a 100% there yet.
When taking the decision, I would recommend you do it based on the following assumptions:
The Full Membership fee arrangement will be reverted back to normal: the 2000 you will be asked to pay will thus be a donation and not a 1500 euro loan plus a 500 euro donation. As used to be the case before, you will be able to recover your 2000 euro once a new Full Member has been accepted.
We may decide that by the end of April we would like to collect 150.000 euro, so that we can pay the option to purchase the site without blinking. We will further discuss the details, but what matters is that the contribution you will be asked to pay (estimated to be between 7.000 and 20.000 euro) will be administered as a loan (so you can get it back immediately if you leave before we purchase the site).
Other than that, I think it would also be good to give some thought to the commitment you are taking on. We’ll talk about that a bit more on the Saturday of the Reeflings weekend.
As you may have noticed, the date for the change in decision rights has been slightly moved (to 03/04 instead of 23/03). This way, the new arrangement will only enter into force after the Reeflings weekend.
The reason for this is that, upon some reflection, we figured that there is no immediate need to change the decision-making arrangement, and also because we believe that the Reeflings weekend will be a good opportunity to make a better informed decision about full membership.
Therefore the new deadline by when we would be incredibly grateful to receive your application is Monday 27/03 COB. The last possible moment to send in your application (according to our membership process) will be 15 June.
To apply for full membership, please send an email to The Reef’s mailbox, and save your email on Nextcloud (ASBL > Members Registry > Membership application or here).
Decisions on full membership applications are taken by consensus by the Full Members. After we have received your application, it may therefore take up to two weeks before we’ll be able to communicate the outcome.
If you sense a “hell yes!”, we would be incredibly grateful to receive your full membership application (email to The Reef’s mailbox – please save it here) by Monday 27/03 COB.
If you need more time to take the decision, that is fine. Please don’t hesitate to talk to your buddy and/or another Full Member, and otherwise just continue to participate in The Reef as before (just without participating in consent rounds starting from 03/04). The ultimate deadline for applying is 15/06.