Community. Integrity. Wellbeing.
We are writing to announce the date and details for the AGM, as well as to update you on the project timeline.
Annual General Meeting
The annual general meeting will be held 18 August from 6-7pm
at the Lyttelton Community Board Room (25 Canterbury St). We have chosen this venue as some people said it was difficult to hear at the last AGM.
We will circulate an agenda and the annual report in advance of the meeting. If for whatever reason you are unable to attend, you are welcome to send through questions. We will share all questions with answers after the AGM.
One of the Collett’s Corner Directors is elected by shareholder annually. You are welcome to nominate yourself or someone you know, as long as they consent. Please email me nominations along with a short bio. The director’s role description is here
. We will circulate the list of candidates in advance of the AGM. At the AGM you will have an opportunity to hear from the candidates and ask them questions.
Julie Villard has been the shareholder appointed director for the last year, you will also have the opportunity to ask her questions about the project and her role on the board. She is running again and has been a great advocate for the project.
Collett’s Corner was paused in April due to Covid19 lockdown. The plan is to restart the project in August with preparations for the equity crowdfunding, which will launch in October. We are also relaunching the apartment sales in October through Bayleys. The design team will restart in November.
Why wait until October to launch the equity crowdfunding campaign? There are a few reasons. The success of the equity crowdfunding relies on media exposure, events, investor confidence and a compelling offer. We believe the offer is compelling, it is the timing we are considering and its effect on the campaign. Three factors effect the timing:
- Media: The media is focused on the pandemic and soon the elections will dominate the airwaves. Getting exposure during this time would be challenging, so launching the campaign after the elections gives us a greater chance to reach more people.
- Events: Events tend to be poorly attended in winter as people often hibernate and go out less. Getting the offer in front of people relies heavily on events. We need to host events when people are more likely to attend them. It is simply more challenging to attract people to attend events in the winter than spring, so we are launching in the spring.
- Confidence: The pandemic brought with it uncertainty, this is slowly lifting as Aotearoa returns to normal. By waiting a few months we believe people will have greater clarity with respect to their future prospects and therefore greater confidence to invest.
The pause set the project back six months. The opening date will now be in May 2023. I understand this may be disappointing for some people. The way I look at it is that six month is a minor set back relative to what others are facing due to the pandemic, we are the fortunate ones in the bigger scheme of things.
If you have any questions please dont hesitate to get in touch with either Julie Villard
– Shareholder Director or myself, Camia Young
– Collett’s Corner Project Steward.