Team Finance: getting started

The Reef
41

Hello Lee, below my humble thoughts, to be completed by Ugne and Alberto :slight_smile: :

  • The missing money (site & architects bill): bank loan or intra-group lending => proposal: what will we do, how will the cost of capital be covered?
    We are currently exploring this within our team - mid September seems doable.
  • Newcomers buying in their share: how much will newcomers pay for the site, and to whom?
    TBD within team finance
  • The 2-4% mark-up: which percentage, starting when, plus how will the extra money be linked to the cost of capital of the missing money?
    If my memory serves me well, we concluded that this is best treated during a full members meeting. We could base the discussion on the existing proposal, it could therefore happen rather soon.
  • Société simple: final tweaks to the statutes
    If I haven’t missed something then we are still waiting for a return from the lawyer and can then discuss.
  • Société simple: Board selection
    There was a process put in place by Chris and yourself: SoSim board selection process - #11 by Lee I am not sure to what extend results from the first round are useable. Perhaps best to treat this upon Chris’ return from holidays?
  • Valuation method for the units
    According to 2.2. of the contract with the architects, they will propose prices for each unit. I think we can only get involved once we receive their input (avant-projet).
  • Financial risk mitigation contract
    I am not aware of this topic but perhaps Ugne and Alberto can jump in
1 Like
42

Thanks Richard, great update. Nothing to add, except:

I don’t even understand this. Does it mean the accord préalable?

43

Ok, so live chat caught up with this topic. The most up-to-date conclusions are in the “bilateral with Ugne” document.

On another topic: the mighty @Christian would like to join Team Finance & Legal, so I added him to your group tag.

1 Like
44

hi @reef-finance (don’t know where to put this message).

I would like to leave team finance. I still want to be the link between team building and team finance, but i don’t think it’s necessary to be part of team finance for that

If needed I am always willing to come to Team Finance meetings as a special guest, if you need some explaining concerning certain topics/info

I prefer to stay in your signal group so i can keep you informed about more urgent things, I don’t know if it’s better to stay in the team-finance group on ER, i leave it up to you to decide that…

If you could just let me know how i best inform you: tagging you on ER and/or message in signal group (when more urgent/important), or should i contact ugne privately or meet up with ugne once in a while?

ps for the topic of the insurance for the board members of the sosim that was assigned to me. Can you assign somebody else to it. If you have questions, don’t hesitate to see me.

ps 2 : i am still ok to take up things related to the FS-file (price calculation). In a couple of months this won’t be relevant any more as we will have the final prices. Linked to that is also the simulation file giving a total simulated amount for a unit. I am working currently on a new one, where you can add a 2 or 4 % markup, where the weighing factors are taking into account, where you choose a unit rather a certain amount of brut m2. It’s almost finished, just need to update it with the sizes of the units, and the weighing factors…

4 Likes
45

Noted. FWIW, I approve. You are the only person on both the heavy duty teams, and it is not fair on you. Thank you for stepping in when it was needed, TeamFin can take it fron here (we’d better be able to).

2 Likes