Lots of exciting news to report this month; two babies are excepted to arrive to two different members of the management team this month, sales continue to be strong (11% over budget), Bond sales are continuing at a feverish pace, and Willy West site prep is proceeding on schedule.
WILLY WEST UPDATE
The renovation of our new space has begun—the developer, Aaron Anding, is in the process of remodeling a vacant space in the mall for the Hallmark store to relocate to, and then demolition of our new home begins. We anticipate a landlord build-out of 90 days—getting the space to a “white-box” format. Then, we take possession for our build-out, and our fixture and equipment installation.
Stay tuned to our progress; the website will soon include a project update blog from our Project Manager, and information about upcoming Willy West-related events. Additional information will also be posted in the Owner Resources Area inside the entrance of the current store to keep Owners up-to-date on progress of the store’s opening.
We have reached our goal of $600,000! (For the current total of Bonds sold, see the colorful Bond-o-Meter in the store and on our website.)
I was confident we would reach our goal of $600,000 by the deadline from lease signing; however, I had not imagined we would have reached our goal in half the anticipated time line. ¡Ay carumba! The response from Co-op Owners has been overwhelmingly supportive; long-time and newly enrolled Owners, those living throughout the Madison and Middleton areas have actively engaged themselves in the expansion of the Co-op—thank you.
Our Bond goal was $600,000; this is the amount we needed to raise as a contingency in the lease. We will continue to sell bonds after reaching the goal up to $1 million. This is the maximum amount the Board has authorized the Co-op to borrow from Owners. If you have any interest in purchasing a bond, please check information posted on our website (www.willystreet.coop) and in-store. To ask questions, request materials, or purchase a Bond, email firstname.lastname@example.org or call Director of Cooperative Services, Lynn Olson, at 608-237-1217.
BUSINESS IN THE ‘HOOD
Have you heard? Madison Sourdough Company has returned to the Williamson Street neighborhood. The original founder of Madison Sourdough, Cameron Ramsay, opened on Williamson Street in 1994. After recently selling the company to two new owners, (Madison Sourdough bakers) Andrew Hutchinson and David Lohrentz, the business is relocating back into the Williamson Street area. Their new location is 916 Williamson Street. Welcome back!
TASTE OF WILLY STREET
GWABA’s (Greater Williamson Area Business Association) annual fundraiser is an event not to miss this year! Scheduled on the same day as the Eastside Farmers’ Market opening day at the new location at Wil-Mar Neighborhood Center 953 Jenifer Street; May 11th, 2010. Should be an exciting day!
ANNUAL MEETING & PARTY
Again let me remind you to lace up your dancing shoes and save the date for the Annual Meeting and Party, July 8th, at the site of La Fete de Marquette!