Dream yourself of having a vaction spot in such a community in paradise yet don't see yourself ever becoming a Tribe member? See yourself involved in building a place to house other travellers within the IPC and potentially make some residual income in doing so? Then maybe becoming a Vacation Investor is the right choice for you.
Vacation Investors are participants whose intention it is to only stay at the IPC for short periods of time (less than 90 days in a given year) and who want to build a place for thier enjoyment and for the use of the community as rentals when they are not around.
The Vacation Investor option will only be available for a short time, with a maximum amount of such investors reaching no more than 10. This is to ensure that the IPC does not become just some time share vacation destination nor be in a speculative tourist market. What this affords the community to do right now is to have investors who want to build quickly so that both the investor and the community prosper from the exchange in the communities early development stage. A vacation investors investment can be different for each investor depending on thier vision however the non-refundable portion would be $5000 USD at this time. This offer will probably only be available the critical years before we are fully established on the land so if this option interests you don't hesitate to contact us about it.
Vacation Investors can stay for 90 days per annum, consecutive or not, on their Stewarded land, without engaging in Shawoho (work commitment). If they stay longer than this they will be expected to partake in Shawoho and by default (that year) become Part Time Tribe Members or Tribe members if they stay the year with all the privelages and responsibilities this entails. If not, vacation investors can opt out and will be charged for their stay as visitors past their 90 day per year limit.
A Vacation Investor can transfer thier right to stay on the land to anyone they wish in lieu of themselves per 90 days per year however they must not charge those persons any rental fees.
The dwellings construction is the responsibility of the Vacation Investor however the Tribe may be able to help in its construction for nominal fees. The materials of construction will need to be approved by the Tribe.
Vacation Investors can upscale to Part-time Tribe or Tribe membership at any time and only have to express their intention to do so. Vacation Investors can also enter into workshare (shawoho and share the wealth dividends if they choose to, while on or off the land.
The Vacation Investor can choose to upkeep their Stewarded lot and buildings if and when they are at the IPC. If they choose not to and for the times they are not at the IPC they must hire the Community to do the upkeep for a nominal fee per week. The amount will depend on the work needing to be done and can be discussed upon the plans a Vacation Investor has for their stewarded land.
Vacation Investors like visitors pay in cash for some of the services of Shawoho if they are not participating in Shawoho. That is, they will be charged for services that tribes people do for them or their guests, charged for meals and transportation and perhaps for classes and certain events. These boundaries and how that will look will have to be developed over time.
When the Stewarded lot is vacant, it is at the discretion of the Community that it and its buildings may be used for various community projects, to house other visiting families of existing Permanent members, people who have donated to the community or even new members without renumeration. If this happens no upkeep fees will be levied on the Steward for those times. However, the Tribe may also decide at times to rent out the space for monies (the amount of which is also determined by the Tribe) in which case the money collected will be partitioned as follows: 50% to the Steward of the lot and 50% to the Community Coffer. The higher amount is for the community to help pay for the general upkeep of property and orientation of guests when outsiders stay. The Steward as well as the Community could publicize its availability and price. A tribe member would be given charge of managing the space and the hours needed to upkeep would go toward their Shawoho. In fact that position could entail doing the general maintenance and recieving guests, etc... of a number of dwellings of members who are not present.
Vacation Investors can participate in any formal meetings and have the right to give their input and be heard by the Tribe at such meetings however unless they are approved as a Tribe member or Part time tribe member they will not have a chance to vote.
Vacation Investors also pay their fair share of property taxes and utilities. This is calculated by the property tax or utility divided by the total number of Participants using it. They may also have to pay a liability insurance for thier buildings and may want to get their own private insurance for property damages that could arise.
If a Vacation Investor decides to withdraw from the project they must offer the Community the option to buy them out first. That is, the price of what the buildings cost to build, minus yearly depreciation. Note: there is no sale of the land - the land is Stewarded like all lands in the IPC. If the Community is not interested or do not want to pay for the amount on the books then the Steward can sell to any person that the Tribe gives consent too.
Unless stated otherwise in the IPC, the rules found in the Private Home Agreement also cover Vacation Investors improvements and buildings, so be sure to read and understand them too.
An example of a Vacation Investor:
A new participant is accepted into the community and is assigned a lot of his choosing from available lots (perhaps those zoned touristic) as he wants to be a Vacation Investor. He doesn't build anything but he comes to camp on the land a few weeks per year. The rest of the year people use the land for camping or for an agricultural project and no upkeep fees are levied. A few years later he builds a nice bungalow and stays 3 months of the year. When he is not there, the community uses the space freely for events or other affiliate members who have supported the community in some way. Alternatively, the community may try to rent out the space to visitors and the first year for example the community rents it out 10 weeks at $200 a week for a total of $2,000. This income would be distributed as $1000 going to the Steward (Vacation Investor) and $1000 to the Community Coffers.
Contact us with any further questions regarding this option and we can also explain then how best to move forward depending on where the IPC project is at in its development.