Investment Opportunity - with Guelph Solar Community Co-operative

Greetings, Guelph Solar Community Co-op members. We have good news!
It’s been a long time since we’ve been in touch and we have lots to tell you. 

Our first two major solar projects are nearing construction phase, and will be generating electricity by the end of summer 2015.  We need your help to get there. 
1. Please tell us whether you want to invest in these projects.
2. Join us at our Annual General Meeting
AGM: 
7:00pm, Thursday, April 23, 2015
Meeting Room C
Guelph City Hall
1 Carden Street
Guelph, ON  N1H 3A1

Please respond to this survey by Wed, April 8, 2015.  This survey will only take a couple of minutes. Please tell us about your interest in investing in our new solar power projects.  Our co-op has more members than the number of available investment bonds, so we are conducting this poll to gauge interest. If the number of interested co-op members exceeds the number of investment bonds available, a lottery system will be used.

Investment summary: 

Guelph Solar Community Co-operative is about to begin construction of two rooftop solar projects in Guelph, located at:
·      2 Airpark Place (110 kWp)
·      218 Silvercreek Parkway N (300 kWp)
A total of $165,000 in co-op equity is required for these projects. Members of the co-operative will have the opportunity to buy one of 33 community bonds (@ $5,000 each) to support these projects.

Bonds will have a 20-year term. 5% of principal will be paid back annually each year starting at the end of year one. The bonds will pay the following interest on the outstanding principal balance:

Years 1 through 5 - 5.0%
Years 6 through 10 - 7.5%
Years 11 through 15 - 10.0%
Years 16 through 20 - 12.5%
 
The average return on outstanding principal is 7.26%.  Bonds can be transferred after 5 years provided replacement member equity is available (the stepped interest rate is expected to facilitate future bond transfers).

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