Introduction and Main Concepts
PuraFruta eco-village is designated mainly for living by PuraFruta Community members (below The Community).
Pura Fruta eco-village is spread on 30 hectares of former pasture land, “North Valley Finca” (below - NVF), the "South Valley Finca" (below - SVF) and surrounded by the jungle, creek, cacao plantation, and river Carbon.
NVF is already purchased and private loans are being paid and scheduled to be paid fully by the end of 2025 for the SVF.
Below explained financial model of PuraFruta community as we envision it today. PuraFruta reserves the right to make changes to the present financial model provided that consensus of all members is achieved.
Amount of shares for distribution
Each share provides the right to lease a private lot on the living area of VF and build a house and/or grow trees and garden on it.
Common areas of VF are not for lease. Common area may be sold to third party.
In our effort to find a balance between reducing cost of private lots for lease and fair standard of living, we chose minimal size of lot to be from 2400-2600 square meters. To limit differences in economic statuses, a member can buy a maximum of 2 shares.
Following this logic, a family of two adult members has to purchase at least 2 shares, and has a right to a maximum of 4 shares.
Amount of VF shares to distribute between PuraFruta Community members, and maximum amount of PuraFruta members for current moment -48
Price of shares
Price of shares is determined by expenses already paid by The Community and foreseen in the future until completion of the building stage of VF eco-village.
Price of shares also depends on the timing of purchasing. The earlier into the project, the cheaper the price is as a member takes up greater risk and does not earn any interest on shares up to completion of the building stage of VF eco-village.
As of today (April 2021) our budget is approximately 210,900USD since the beginning of the project and up to expected completion.
Pioneer and Settler stage prices
Pioneer stage - up to the point that the pedestrian bridge, parking lot, main road, and community platform on VF are accomplished.
Settler stage - since the end of the pioneer stage and up to selling all available lots to first hand lease holders.
Value at the current, “pioneer” stage of the project is 6,700USD.
Estimated value of share at “settler” stage of the project is 10,000USD.
Mortgages to members
PuraFruta Community offers option of partial financing through private Pura Fruta mortgage for those who qualify to become PuraFruta members. An amount of minimum of ___ is to be paid on the date of accepting membership.
Mortgage payment options:
Option 1 - repayment through monetary value
Option 2 - repayment through volunteer hours
And all in between option 1 and option 2.
In case of financing there will be added ____ interest in addition to share value on the day of the agreement.
Exchange ratio for volunteering is ____$ for 1 hour.
Maximum length of monetary financing is __ years.
Minimum volume of volunteer hours financing is ___hours a week.
In case of illness/injury The Community provides social security for an affected member and a right to apply for reduced or forgiven mortgage.
We prefer private financing over organizations. Interest varies according to the timing of the loan: the earlier into the project we offer higher interest as the risk is higher. 2015-2021 interest is ___.
Each loan repayment schedule is discussed individually.
You do not have to be a member to offer a loan.
Valley Finca Eco-Village
Roughly two thirds of the VF are used(*) as communal land for the following purposes:
- Parking lot next to Carbon river
- Hanging pedestrian bridge over carbon river
- Inner roads
- Shared natural area boarding the river on one side and the creek on the other side
- Shared Community Gathering Platform and Surrounding area
- Children Creative indoor and outdoor space and Playground
- Healing Retreat structures
- Smaller Growing area on VF land - Fruit orchard, pineapple plantation, etc...
One third of VF land is designated for living area - private lots and houses.
Pura Fruta community (below - “The Community) limits maximum size of houses to ____.
Termination of membership and selling community shares
Sale of rights and actions of the community is permitted only to approved buyers who will later
(a) A co-owner may only sell his share of the shares he owns in the community to a person
previously approved by all other co-owners (with one possible dissident and all others
possibly in his favor).
(b) In the process of selling shares, the limit for a members to respond to a request to approve
the consensus on a proposed sale, will be a period of up to 15 days counted after the
delivery of the email to the address in this contract, informing them of the proposed sale.
After that, it will be considered that the unresponsive co-owner "departs", and the sale can
take place if all the other co-owners have given their consent or not.