disclosure statement

The member owned unit you purchase is not expected to appreciate in value, nor will a dividend or other return be paid on it. Consequently, the member-owner unit is not a security under the law.  Further your voting privileges depend on your patronage of the Co-op. If you do not patronize the Co-op your voting privileges may be canceled by action of the Board of Directors. Proceeds from the purchase of member-owner units will be used to pay for operating the Co-op. The Co-op is under no obligation to redeem our member-owner unit unless the Co-op dissolves. If dissolution occurs the Co-op may be unable to redeem your member owner unit. At no time during the development of the store, or 18 months after opening the market is your unit or any portion thereof redeemable.  Following this time period your member owner unit will be redeemable when the Co-op has available capital or when redemption of your member-owner unit will not financially endanger the co-op. If redemption occurs, the current value of your member-owner unit may be established by the Board of Directors at the time of redemption.