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Collett's Corner
By Camia
I want to embed this investment somewhere
Investment: Community
Collett's Corner : Designed in collaboration with the community, Collett's Corner is a fundamental shift in how we work together to create our towns and cities
by Camia
Minimum target: NZ $300,000
Days left: Closed
Funded: NZ $503,800
Investment: Community
Collett's Corner : Designed in collaboration with the community, Collett's Corner is a fundamental shift in how we work together to create our towns and cities
by Camia
Minimum target: NZ $300,000
Days left: Closed
Funded: NZ $503,800
NZ $503,800 pledged
366 people pledged
NZ $300,000 minimum target
Pledges will only be confirmed if the target is reached by: 21/03/2019 at 7:00 PM (NZDT)Make a Pledge
Collett's Corner
New Zealand's first community minded, equity crowdfunded commercial development.
Collett's Corner is a new commercial property for Lyttelton that has been designed in collaboration with the community. Based on a collective ownership model, it is not a vehicle for growing individual wealth. Instead, it is an opportunity for many people to come together to own a shared asset – one which aims to distribute financial returns and help to strengthen the community fabric.
Key Purposes
To cultivate wellness
Collett's Corner is a place where people are supported to flourish, through the practice of caring for ourselves and the people around us. At the heart of Collett's Corner is a wellness centre with hot baths, cold dunking pool, treatment facilities, yoga studio and gym.
To distribute wealth fairly
Collett's Corner provides a way to distribute wealth more fairly and begin to close the inequality gap that divides our society. We call this 'Compassionate Capitalism' - enabling many people to make a little, instead of a few people making a lot.
To work together
Collett's Corner has been co-conceived and co-designed, and will be co-owned by many. Working together is a way to create relationships, build trust, grow compassion and ultimately create a place where we can all belong. Collett's Corner will support each person as an individual while connecting them to a greater whole.
The Opportunity
Like any commercial property development, Collett's Corner needs to deliver a return. In this case those returns will aim to be both social and financial.
Why do we believe this is a solid investment?
Collett's Corner is a 2,710m2 mixed-use building in the heart of Lyttelton. Located at the corner of London and Oxford Streets, it acts as a bookend to a vibrant commercial core. The building's prominent site and scale gives it high visibility and will make it an iconic building in the township.
How will income be generated?
The building will generate income for investors through renting the ground floor and basement. The upper two floors of apartments will be sold to finance the construction.
How will profits be distributed?
Collett's Corner is structured as a stand alone company with directors and shareholders. The company aims to pay a dividend to each shareholder based on the profits generated from rental income, as well as the potential to achieve capital gain upon the sale of their shares.
What does the future look like?
Prior to the earthquakes Lyttelton had a lively town centre. Once the apartments are inhabited and the businesses established, Collett's Corner will contribute to the vibrancy that Lyttelton is famous for. Initially Collett's Corner Ltd will support its new tenants to establish their businesses. Strong businesses mean greater return for investors and stronger community connections.
About the building
Collett's Corner will be a bustling addition to Lyttelton's creative chaos. The building has been designed as a vibrant place to connect with friends and whānau, in a space that is centred around wellbeing.
Basement: The basement hosts thermal baths with the potential for indoor and outdoor bathing, and a selection of treatment and massage rooms.
Ground Floor: The ground floor offers a shared courtyard, spacious open-plan community areas, a co-working space, a community restaurant for locals to meet and eat around long communal tables, boutique shops and a wellness centre with gym and yoga studio. A neighbourhood service desk is also located at ground level.
First and Second Floors: The first and second floors are comprised of twenty six apartments designed based on co-living principles, which means they have shared amenities such as laundry and rooftop deck access for residents. The apartments will be privately owned.
Roof: A pergola is imagined on the rooftop to provide an opportunity for residents to relax and enjoy stunning views of Lyttleton and Banks Peninsula.
The Share Offer
We are seeking to raise a minimum of $300,000 and a maximum of $2,000,000 of crowdfunded equity to progress the Collett's Corner project through the stages of design, consenting and construction. The minimum investment is $100, which is equivalent to 1 share. The maximum investment is up to 10% of the value of the company, which is $251,500 if we reach the $2,000,000 target. In the event that we raise less than the $2,000,000 the 10% cap will be lower.
Collett's Corner Ltd will own the ground floor and basement and rent space to a mix of wellness centre, restaurant, retail and co-working space. Shareholders could receive dividends (investment returns) from the generation of net rents on the bottom two floors. Alongside these dividends, shareholders will also have the ability for their share value (capital return) to increase as the value of the land and building appreciates over time. The top two floors will be apartments designed around co-living principles and sold as separate unit titles. This raises capital to complete the build.
Land purchase
Camia Young has a sale and purchase agreement with Collett's Corner Ltd to sell the land on 1 July 2019. A valuation of the land was completed on 11 June 2018 valuing the land at $720,000. The condition is a 5% loan to be repaid on 1 January 2021, at which time a further long term loan would need to be sourced. Camia has the option to convert this loan subject to available equity.
Company ownership
The total percentage of the company being offered is calculated based on the assumption that all options for shares will be converted, except for those contingent on available equity. Thus the total number of shares will be 25,150, of which the crowdfunding would be 20,000 shares. This is equivalent to 79.5%* of the company.
*This differs from the ownership percentage indicated up above on the PledgeMe page (93.3%), as that calculation doesn't take into account the share options.
Share options
A total of 3,724 shares will be issued to Ohu Development, Joseph & Associates, Engeo and Structex in lieu of payment for services.
Shareholder Rights
The shares on offer are full voting shares. Please read our Information Memorandum and Constitution for more information about the right attached to the shares.
Questions and Answers
A number of people have asked questions, we have collected them along with answers in this google doc. All questions are good questions, so if you have anything else to ask, please let us know. ([email protected] or 021 1125 087)
About our Team
Development Managers
Warren & Mahoney in association with in:flux
Joseph & Associates
Project Managers, Commercial Analysts and Quantity Surveyors
Geotech Engineers
Novo Group
Planning Consultants and Transport Engineers
Structural Engineers
Holmes Fire
Fire Engineers
Powell Fenwick
Service Engineers
EA Curation
Human Centric Designer and Events Awesomist
Leon White Design
Graphic Design
The Copy Room
Copy Editor
Telling Lives
Story Teller and Video Producer
Perry Field
Legal Advisors
What we've done so far
Collett's Corner has been designed in close consultation with the local community. The project began with a listening phase in 2017 where the local community suggested options for the building. From this, about 50 different ideas for the site were generated. Two options were tested and shared with the community. The preferred choice was the 'attraction model', which was focussed on creating a mixed-use building that would attract both locals and visitors. A brief was developed and released as a professional design competition. 31 entries were submitted and the public was invited to vote for their favourite. 1,144 people voted for the winning design, which is the basis for the current design you see today.
Risks and Challenges
In order to examine the key risks to the project, it is important to define the success factors for the project. Success for Collett's Corner entails meeting the following objectives:
• A community is built by building a building and the community feels an integral part of the project.
• The project reaches financial close with sufficient capital raised and is set up for sustainable ongoing operational and financial success.
• The building is constructed on time and on budget.
• The design performs to build community and a series of spaces are created that connect people in meaningful ways.
• The project is a demonstration of collective ownership based on its legal and financial structures.
The following tables highlight the key risk items that could impact these success factors, along with proposed mitigation strategies.
Note from PledgeMe
We have completed a Veda check on the company and their directors, as well as a google check. There were no adverse findings.
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Collett's Corner AGM 20 August 6-8pm
15/08/2019 at 1:02 PM
Kia ora,
We have quite a bit to share with you in this update. Stay with us as there are great things brewing.
Our first AGM
This is a reminder that our first AGM is next Tuesday 12th of August at the Eruption Bar in Lyttelton from 6-8pm. We will cover the official requirements of an AGM (financial summary, annual report, etc) as well as provide a project update. Shareholders and the wider community are welcome to attend. Full agenda here.
Shareholder's Director
Shareholder can appoint one director to the Collett's Corner Ltd board. If you would like to be considered as a director to represent the shareholders, please send me your name and a short bio by August 20th. Candidates will have an opportunity to introduce themselves at the AGM if they would like to. If they are not present, I will read out their bio at the meeting. After the AGM I will circulate an email to all shareholders with a list of the candidates along with voting details.
Pre-sales/leasing update
In order for us to take on debt, banks require us to have the building pre-leased and pre-sold. We have been assembling the package of material for this and will share an update at the AGM. We are aiming to have the building ready for pre-sale/lease in September, this is contingent on the bank's approval of a number of documents. We will also introduce Vicki Tahau Paton at the AGM, she is the realtor we are working with to lease the commercial spaces and sell the apartments. If you have registered your interest in the apartments you will have the first right to make an offer. The most common question is what will the apartments cost, this is one of the key details banks/valuers confirm. Right now we can say that they will sell for between $420,000-590,000.
Shareholder Summary
We finished bringing on all new shareholders from the PledgeMe equity crowdfunding campaign. We have 350 shareholders of Collett's Corner Ltd holding a total 6450 shares, full list here. If you missed out and would like to be added to the list of future investors please send me an email ([email protected]). If shares become available we will keep interested investors informed.
We hope to see you at the AGM. If you cannot make it we will follow up with minutes.
Please get in touch with any questions.
Camia Young
Collett's Corner Project Steward
021 1125 087
You need to pledge to see this update.
You need to pledge to see this update.
Korero & Survey
11/05/2019 at 4:00 PM
Kia ora,
We are writing for a few reasons:
We are hosting an event for people curious to know more about the apartments at Collett's Corner on May 15th at Eruption Bar from 6-7pm. Full details here.
We have prepared a survey for people interested in Collett's Corner so we can improve how we communicate with you. Please take a few moments and share your thoughts with us here.
The team is currently costing the recent design changes following the Council feedback. We anticipate having an updated design to share with you by the end of May.
Please hold August 21st from 6-8pm for the Collett's Corner AGM. Details to follow.
Camia Young
Collett's Corner Project Steward
021 1125 087
April 10th Summary
16/04/2019 at 9:32 AM
Kia ora,
This is a follow up email for those that could not make the Collett's Corner Community Meeting April 10th.
Here is a video of the presentation, and here is the slide deck.
The presentation references a few documents, here are their links:
- Questions and Answers received during and prior to this presentation
- Transfer Form for people who want to transfer shares
- Director's Role Description explaining the board positions we are seeking to fill
In our next update we will circulate a survey to find out more about the shareholders. If you have suggestions for questions, please send them through. There are some questions already listed in the attached presentation. We will circulate the outcome of the survey so we can all get to know our fellow shareholders.
Our next meeting is May 15th from 6-7pm in Lyttelton (location tbc). This will be specifically for people interested in purchasing apartments. Details to follow.
Camia Young
Collett's Corner Project Steward
[email protected]
021 1125 087
You need to pledge to see this update.
Ngā mihi maioha
22/03/2019 at 2:00 PM
(Photos from the Collett's Corner equity crowdfunding campaign closing event at Eruption Brewery)
Kia ora,
In just five weeks the Collett's Corner crowd fundraising campaign closed with 370 people investing $504,000. Each shareholder is now a part owner of this ground-breaking commercial development. Ngā mihi maioha to all of you who share the vision driving Collett's Corner, that is to building community by building buildings.
PledgeMe next steps
The PledgeMe team will be in touch with you to verify your details and collect your pledges. Here are the steps:
- For those who are investing through PledgeMe for the first time, you'll have received an auto-email letting you know that PledgeMe are carrying out your investor identity and address check. For those who have been verified previously, you will have received the payment details to complete your investment .
- If they need to clarify either your identity or address information, Team PledgeMe will be in touch with you over the coming days.
- Once verified, you'll receive the payment instructions to complete your investment .
- If you haven't heard anything from PledgeMe by Friday 5th April please check your junk for messages from [email protected], and if there's nothing there, please let [email protected] know.
Collett's Corner next steps
What comes next is likely a bit of a learning journey for most people. What we would like to prepare you for is what we call 'finding the path of water'. In order to do complex projects we need to be willing to adjust and seek the path that continues to move us forward in a way that aligns to the project's purpose and draws out the greatest potential.
Because we did not meet the $2m target, we can not engage the full design team and complete the design stages at this time. What we can do is complete the resource consent, develop a brochure to seek tenants to pre-lease the commercial space and pre-sell the apartments. We can expect anywhere between 1 month – 6 months to obtain the resource consent. Once it has been obtained we can start leasing the commercial space and pre-selling apartments. After we have leases in place and have pre-sold the majority of the apartments we will seek further funds. We may do this through opening another round of equity investment or through borrowing. It is likely to be a combination.
We've created a register for anyone who missed out on the equity crowdfunding, is keen to further invest in Collett's Corner or is wanting to sell their shares in the future. If you know family or friends who missed out on investing, or if you'd like to add your name any time in the future you can do so by sending me an email ([email protected]).
Resource Consent / Building's Facade
We are 90% finished with the resource consent application. We received useful feedback from the Council on the design of the building. Their main concern is that the building is too uniform and does not address the corner. We tend to agree, and we think we can do better and make a more beautiful building for Lyttelton and you the shareholders. So we are taking the Council's feedback as an opportunity to further study the design of the façade. We will start this work next week, you can expect the façade design to change. We will share the design with you in two weeks for your feedback before we submit the resource consent application. We anticipate submitting the resource consent application in 4 weeks.
Shareholder Meeting
There will be a shareholder meeting April 10th from 6-7pm at Eruption Brewery in Lyttelton. We will present the adjusted timeline, share the updated facade design and answer any questions you may have. If you cannot make the meeting and have questions please send them through ([email protected]). We will circulate a summary of questions/answers following the meeting to all shareholders.
Opening date
In the investment memorandum we showed a timeline indicating the building would be completed by 2020. Because we did not reach the full $2m, we have to delay engaging the full design team to complete the drawings until we have more funds to pay them. We anticipate 12-18 month delay in the project, so instead of opening at the end of 2020 we will open the building in 2222.
Directors / AGM
We are seeking directors for Collett's Corner Ltd. Shareholders can appoint one director to represent their voice on the board. If you would like to nominate someone please send us their name and CV ([email protected]). We will schedule an AGM for August. At that time, if not before, we will appoint directors.
If you have any questions please don' hesitate to get in touch.
Camia Young
Project Steward Collett's Corner
[email protected]
021 1125 087
Building Bridges Building Communities
18/03/2019 at 6:12 PM
Building Bridges, Building Communities
Kia ora,
While our hearts are broken in the wake of sadness and grief, we have greater resolve to do the work we are here to do. It is more important than ever that we create places that bridge divides and bring people together, places that are inclusive and enable conversations to overcome prejudice and exclusion, places that cultivate compassion through connecting us to our common humanity.
At the heart of Collett's Corner is a wellness centre. We have yet to find the right name, but imagine a place that offers people a holistic approach to support their mental and physical wellbeing. Inevitably we each need something different, yet we can all benefit from having a place to develop a daily practice committed to our wellbeing. This place will be inclusive, people will be welcome irrespective of age, race or beliefs. Places like this bring people together who may not meet otherwise, and in these times we learn to respect one another's differences as well as see our similarities.
We considered postponing the campaign, however we realised a week or a month would not change how we feel at this time. Seeking investors right now does not seem like the right thing to do, nothing really feels like the right thing to do. But what we have heard from our community is that people need ways to come together right now, something to look forward to that is positive and offers hope in these troubling times. Collett's Corner may not be the answer, but it can be a glimmer of hope on the horizon.
With this in mind, we decided to continue with the plan to host a gathering to celebrate the close of the equity crowdfunding campaign at Eruption bar in Lyttelton 21 March from 5:30-7:30pm, nibbles will be provided. For those that would like to attend, a vigil will be held at Albion Square from 8:30-9:30pm. This is a time to share whatever feels right to you, excitment for the future, sadness for the present, and everything in between.
The Collett's Corner equity crowdfunding campaign closes this Thursday at 7pm. If we don't reach the $2,000,000 target, we may do another crowdfunding campaign after obtaining the resource consent, securing leases and pre-selling apartments. This will reduce the current risk profile, and therefore the share price will be adjusted accordingly. For people that would like to remain informed about future investment opportunities, we have started a register, please send me an email and I will add you to this list. ([email protected])
While our hearts are heavy, our resolve to build Collett's Corner as a place to gather around our mental and physical health remains unwavering.
Camia Young
Collett's Corner Project Steward
021 1125 087
Boom! $400,000 and 250 Investors
15/03/2019 at 11:29 AM
Boom! We passed the $400K marker and have over 250 investors!
With one week to go, we can work together and reach for the target. Here is what you can do to help:
- Share Collett's Corner with your friends and direct them to the PledgeMe page, you could say something like:
Collett's Corner is pioneering a new way of developing buildings, it is co-conceived, co-designed and co-owned. The equity crowdfunding campaign is open for one more week. If you want to own a part of Lyttelton, now is the time to get in. http://pldg.me/collettscorner
- Share the Collett's Corner posts on Facebook and LinkedIn when you see them, and let your friends know what excites you about the project.
- If you don't feel comfortable sharing the project yourself, feel free to e-intro me ([email protected]) to your friend(s). I can email details about the project and arrange a time to call or meet them if they have questions.
Are you one of those folks that puts things off, well don't miss out because the campaign closes on 21 March at 7pm. If we don't reach the $2,000,000 target, we MAY open up the investment to future shareholders, but there is no guarantee. If we do, shares will be adjusted to reflect the risk investors are taking in this round, whch means they will cost more per share in the future.
The most common question we have received is: "Can I invest for my kids?" Yes you can. What you need to do is buy shares in your name, then after the campaign closes you can send me an email that you want to transfer the shares into your child's name and I can send you a transfer form.
Please join us at the Eruption Bar in Lytttelton 21 March from 5:30-7:30 to celebrate the closing of the campaign. Nibbles and drinks will be available.
Camia Young
Collett's Corner Project Steward
021 1125 087
The future of property development
07/03/2019 at 8:30 PM
Kia ora koutou
Together we reached our minimum goal of $300,000 on Friday 1 March. This is a major milestone, it shows the growing support for Collett's Corner, and a new way of building community by building buildings. We are now gaining momentum as we reach for the $2,000,000 target.
Breaking new ground requires both believing there is a better way of doing things as well as committing to making it happen. As of today we have over 200 people investing over $360,000. That is 200 people committed to seeing Collett's Corner and all that it stands for realised.
Raising the $300,000 means that Collett's Corner continues, but more than that, it shows that together we can pool our resources and invest in the buildings we want in our towns. We can co-conceive, co-design and co-own buildings, Collett's Corner is blazing the trail for the future of property development.
In the news
Stuff published an article yesterday, they write:
"Thomas Nash, the biggest investor so far, said the project on the former site of the Empire Hotel was a 'flagship initiative. It is regenerative, distributive and genuinely transformative.' Nash, a social entrepreneur at Massey University, said he wanted to use his role to look at New Zealand's role in the world, how the country was contributing internationally and what values were being projected." Full article here.
Timelines and Targets
Because we surpassed our minimum goal of $300,000 the team can now submit the resource consent and develop the brochure to seek tenants and sell apartments.
If you are interested to stay informed about the apartment sales, please let me know. The list is a growing! Shareholders will have the first opportunity to purchase apartments, they will then be sold on the open market.
If we reach our $2,000,000 we can move ahead with the detailed design, and open the building by the end of 2020. If we fall short of our target we will slow the project down and seek bank debt following completing the resource consent and preselling apartments. The consequence could mean a 12-18 month delay in the opening date of the building.
When is the party?
It is time to celebrate, mark your calendars, the Collett's Corner equity crowdfunding campaign closes 21 March at 7pm. We will celebrate at the Eruption bar in Lyttleton from 5-7pm, come join us and meet your fellow shareholders.
Important links
To follow us on FB join us here.
A live register of incoming questions is here.
Camia Young
Project Steward
021 1125 087
[email protected]
Together we make change.
01/03/2019 at 1:51 PM
Kia ora koutou
Over 170 people have contributed $279,600. This is great news! Thank you to everyone who has invested in the change Collett's Corner is pioneering.
Match Investing
A very generous investor has offered to match pledges. If you invest $2k, so will they. If you invest $10k, so will they. They are willing to invest a total of $50,000 as they are keen to see us get past our minimum threshold of $300K by the end of this week and ultimately to our $2,000,000 goal.
A number of people have asked questions, we have collected them along with answers here. All questions are good questions, so if you have anything else to ask, please let us know.
Non-NZ Residents Contributions
We have received a few requests from non-NZ residents who want to support the Collett's Corner project. Due to financial regulations non-NZ residents can not invest, BUT you can donate to Seed the Change via this link and they will invest into Collett's Corner. Seed the Change | He Kākano Hāpai is a registered charity in New Zealand, and welcomes donations for projects it endorses. Donations made to Seed the Change will enable it to pledge for equity in Collett's Corner. Future dividend returns from Collett's Corner will enable the charity to further it's work to create a sustainable, equitable and joyous world.
Rally the Champions
If there is one thing you can do to support the project at this time, it is to share Collett's Corner with your friends and whānau. We have over 170 people pledge $279,600 as of today, which shows us how many people are behind this pioneering development. The average pledged amount is ~$1500, if we want to reach our goal we need to bring on another 1150 people. That sounds a bit daunting, I know! But if each of us reaches out to 7 people and encourages them to invest in Collett's Corner, we will reach our goal together. Let's do this!
Camia Young
021 112 5087
Collett's Corner Project Steward
Many hands makes for light work.
22/02/2019 at 1:28 PM
Kia ora koutou
Thank you to everyone who has invested in the change Collett's Corner is pioneering.
Above are a few photos from the public launch event, it was great to see so many of you there to celebrate with us!
We have had a number of people get in touch to ask what they can do to support the project. The best way to help us at this stage is to get the word out about the campaign. Here are a few ways that would help us:
- If you know of groups of people we could share the project with, please get in touch. We can do anything between 3min shout out to a 30min deep dive into the key drivers and purpose.
- Share your voice as part of the campaign by sending us a quote and photo (optional). We will create an album on social media to profile the growing community. Here is a link to a form to gather quotes. Erica has offered to come take your photo for pledges over $10,000 (Christchurch only).
- If you have media contacts, please share Collett's Corner with them and tell them what excites you about Collett's Corner and why you invested in the project.
- We have a number of poster's to hang, if you have suggestions for good places to hang them please let me know and I will drop one by.
- Share the project with your friends and whānau, and when sharing with them, if they have questions you dont know the answers to let us know and we can answer them.
- Any other ways you can think of to share the campaign would be a huge help!
Thank you for joining this kaupapa, together we will create Collett's Corner and break the mold of traditional property development.
Camia Young
[email protected]
021 1125 087
Press Release
06/02/2019 at 1:50 PM
The Equity Crowdfunding Campaign for Lyttelton's Newest Commercial Development Goes Live Feb 7th.
Press Release - 5 February 2019
New Zealand's first equity crowdfunded, community-minded commercial development is soon to be owned by everyday New Zealanders. Collett's Corner – set in the heart of Lyttelton, Christchurch – will be a place that contributes to the community, both socially and economically.
The project's collective ownership model marks a visionary shift in the structures that underpin a building's creation, enabling fairer distribution of wealth in the hopes of closing the inequality gap that divides our society. With 8 people in the world controlling the same wealth as the bottom 50% according to a recent Oxfam Report [1], it's a shift that is well overdue.
Collett's Corner will be located at the corner of London and Oxford Streets. With a floor area of 2,710 sqm, the building will be host to a lively mix of wellness centre, community concierge, hospitality, retail, co-working space and apartments. The final design, led by Warren & Mahoney, is the result of hundreds of ideas contributed by the community over a 2-year collaborative process.
The project has been made possible by a relatively recent legislative change. In 2014, New Zealand law changed to allow an entire community to own a single company without going through expensive legal processes for the first time. By setting Collett's Corner up as a standalone company with shares, the development can be owned by many everyday investors, instead of a few individuals with deep pockets.
The minimum buy in for Collett's Corner is one share, which costs $100. Any New Zealand resident can invest in shares, and the maximum portion any one person can own is 10%. Shares must be purchased through the Collett's Corner crowdfunding campaign which opens to Lyttelton locals on 7 February 2019, and the rest of New Zealand on 14 February 2019.
The project has been initiated by entrepreneur, developer and international architect Camia Young. Having co-designed the Gap Filler Pallet Pavilion and co-founded XCHC, she has a track record for creating buildings that in turn build community.
"I'm interested in defining the next era of architecture, creating places of connection and belonging. I truly believe it is possible to create a more equitable society if we work together."
"It's time to turn the tables on how our economic systems work – or don't work – for us. By taking advantage of new opportunities in ownership and development, we can start to move from an extractive economic system to a regenerative one."
For questions about this offer or the project, please email Camia Young at [email protected] To stay up to date with Collett's Corner, please register at www.collettscorner.nz.
[1] Source: Oxfam Report: An Economy For The 99%. 2017.
Offer Details
|Current Valuation
|Raise Minimum
|Raise Maximum
|Share Price
|Maximum Shares Offered
Explanation of valuation:
The pre-raise valuation of Collett's Corner Ltd is calculated to be $142,600. This is the initial equity raised to take the project through preliminary design phase and to prepare the company for the equity crowdfunding.
Financial Summary
|Prev Year
|Current Year
|Est. FY 2021
|Est. FY 2022
|Operating Expenses
|Net Profit
Company Details
Company Name: Collett's Corner Ltd
Company Number: 7083213
Company Documents
Director Details
|Profile URL
|Camia Young
Ask a Question (You must login to ask a question)
Is it possible that you may seek private investors elsewhere, to buy shares, if the two million target isn't reached instead of getting a loan to make up the difference?Posted on 09-03-2019 by Carmel Kokshoorn
If we don't reach the $2m target we will seek additional funding once the resource consent has been granted and satisfactory levels of presales and preleases are in place. This may be via bank/non-bank debt or an additional equity raise (at a lower rate of return reflecting the reduced risk profile of the project).
Answered on 10-03-2019 by Camia
Hi there, Would love to help in anyway to get your $2,000,000 funding. Have you considered reaching out internationally for funding? Or putting the project on other crowdfunding sites in NZ such as this list? https://www.listof.co.nz/2015/02/list-of-crowdfunding-websites-in-new-zealand/
Also there is also the Angel Equity funding platform, https://www.angelequity.co.nz/home/raise/why-raise-with-us/ which could be another way.
I have already contacted the Canterbury Angle investor network to see if they will help to raise funds for this project.
If they can help, I will forward them on to you.
Kind Regards
Regarding international investors, the aim of the project is not just to build a building but it is also to build a building that creates an equitable distribution of wealth, if we build a building that creates value that is extracted from the local economy and goes to people who have no relationship to NZ it undermines one of intentions of the project. So we are keen and patient in seek aligned investors, ie NZ residents.
As for running another campaign on another site, Im not sure what that would achieve. The real effort is in reaching the crowd, the platform is simply a licensed digital interface that provides us the legal right to reach out to the public and pool resources. PledgeMe are aligned in principle with what we are doing and so they are good partners for running the crowdfunding campaign. I dont think another platform gives us anything that PledgeMe does not already offer. I could be wrong, Im happy for your views on this if you have experience using the other platforms?
Thank you for the link to the Angel investors site, we will look into it further and consider it as we map out our financial strategy going forward. If you hear back from Angel Canterbury let me know, Id be happy to meet with them.
Thank you for your offer to help!
Camia Young
021 1125 087
Answered on 27-03-2019 by Camia
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"The final push for crowd funded compassionate capitalism."
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Investment: Community
Collett's Corner : Designed in collaboration with the community, Collett's Corner is a fundamental shift in how we work together to create our towns and cities
by Camia
Minimum target: NZ $300,000
Days left: Closed
Funded: NZ $503,800
Investment: Community
Collett's Corner : Designed in collaboration with the community, Collett's Corner is a fundamental shift in how we work together to create our towns and cities
by Camia
Minimum target: NZ $300,000
Days left: Closed
Funded: NZ $503,800


text:
S.C. GOP eyes Sanford rematch
Round One of Mark Sanford's comeback bid is expected to go to the disgraced ex-South Carolina governor. The real action in Tuesday's special congressional primary in The Palmetto State is for second place — and the right to take on Sanford mano a mano in an April 2 GOP runoff.
More than a dozen candidates are duking it out. And most of the fire in the fight for No. 2 is trained on Teddy Turner, son of media mogul Ted Turner.
Story Continued Below
The race's cast of characters is worthy of a Hollywood drama: from Sanford, who's seeking redemption after his embarrassing 2009 downfall; to Turner, who's done everything he can to distance himself from his liberal dad; to Elizabeth Colbert Busch, the sister of comedian Stephen Colbert, who's expected to skate to a primary win on the Democratic side.
( Also on POLITICO: Teddy Turner battles Ted's legacy)
Sanford is all but assured of finishing first in the Republican primary thanks to his name ID, but he's unlikely to eclipse the 50-percent mark needed to win outright. That's meant lots of attention for Turner, but not often the kind he'd prefer.
One mailer, from Republican rival John Kuhn, accused Turner of "living off" his father's wealth and claimed that his father once "fired" Turner from CNN. The mailer also called liberal actress Jane Fonda, one of Ted Turner's ex-wives, "a big influence" in Teddy Turner's life.
Another Republican candidate, Chip Limehouse, aired a TV ad saying that Turner "ran three businesses into the ground [and] duped investors out of $1.5 million."
( Also on POLITICO: Turner ad: Break up with the politicians)
And last week, a seven-year-old police report surfaced on a widely read South Carolina political website, FITSnews, that said Turner once kicked in his ex-wife's door because she didn't initially give him consent to take their children with him on a trip to Africa.
For a state known for its hard-charging political culture, the battle for the Lowcountry seat that Tim Scott vacated when he was appointed to the Senate had been a fairly tame affair. But that has changed in the final days leading to the primary.
Turner has spent nearly $300,000 of his own money and received widespread publicity largely because of his last name. Internal polls from several of the campaigns show him in strong contention for second place. But operatives from opposing campaigns said they concluded that the first-time candidate Turner was an inviting target because his support was soft.
( Also on POLITICO: Colbert Busch pushes jobs in first ad)
Turner, for his part, told POLITICO that the attacks are evidence he's gaining steam. He said he's winning support from voters hungry to support a political newcomer.
Still, he seemed taken aback by the broadsides, which he called "pretty ridiculous."
Particularly jarring, he said, were the barbs linking him to his father, an outspoken environmentalist who backed President Barack Obama's reelection campaign and who has a history of supporting liberal causes. Turner has somewhat awkwardly distanced himself from his father's political views — he told one Republican audience last month that "you can't help who your parents are."
He's even taken pains to tell voters that Fonda — who as a face of the Vietnam War protest movement was known as "Hanoi Jane" — is not his mother.
"This stuff," he said of the efforts to tie him to his father, "is just grasping at straws."
Still, Turner seems to be taking the last-minute missiles seriously. Turner's campaign was worried enough that he released a TV ad accusing his opponents of waging a "shameful, negative campaign" against him, and it sent out a lengthy email to reporters knocking down the Limehouse and Kuhn attacks and calling them "full of lies and distortions."

subset: commoncrawl


text:
Bullpen versatility a major benefit for Sox
CHICAGO -- Hector Santiago threw 48 pitches over three innings of relief in Thursday afternoon's loss to the Royals. Matt Lindstrom's middle work out of the bullpen covered 2 1/3 innings behind starter Jose Quintana on Friday night against Seattle.
But the most interesting thing about the White Sox' bullpen is that the next time these two hurlers take the mound, they could be working in a late-inning situation. Pure talent helped the relief crew work 12 1/3 scoreless innings to start the season, but the versatility of the seven relievers gives manager Robin Ventura plenty of options on any given night.
"One day, I can be the long guy. The next day, I can come back and face the lefty and have a day off, and be in the ninth inning and finish the game," Santiago said. "Addison [Reed] has his role and Matt [Thornton] has his role. Everybody has their role, but anybody can throw any time in any game."
"Even Hector being our long guy can go out there and be a setup man or even closer," Thornton said. "We have a lot of versatility out there, and a lot of opportunities for guys that can go out in any situation and pick the team up. We all go down there and are ready to go from the get-go."
Prior to Nate Jones giving up two runs in his second inning of work Friday night, the bullpen had thrown five hitless innings from the fifth to the ninth against the Mariners. First batters are hitless in nine at-bats against White Sox relievers and all 10 inherited runners had been stranded until the eighth inning of Saturday's 4-3 win.
Having this deep bullpen shortens the game for a starter, meaning the relievers can pick up someone such as Quintana, who struggled on Friday, or a pitcher such as Jake Peavy, who can go all out in his last inning knowing he has quality help behind him. Reed clearly has the closer's role and some mix of Thornton, Jones and Jesse Crain work as setup men.
Lindstrom, Santiago and Donnie Veal also can pitch anywhere from the fifth to the ninth, depending on the situation.
"This is definitely a really good group of guys," Thornton said.


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My Cultivator Girlfriend
In the modern cultivation world, everywhere is law of the jungle and everyone feels insecure. After saving a cultivatior girl, the security guard Ma Yingxiong accidentally started the journey of cultivation.
Cultivation (修炼 xiūliàn) (修真 xiūzhēn) (修仙 xiūxiān) – the process of improving health, increasing longevity, and growing powerful. This is accomplished by cultivatingQi and training in martial & mystical arts. In many of these novels, the ultimate goal of cultivation is to become an Immortal or attain godhood.
Cultivation World (修真界 xiūzhēn jiè) – not literally a separate world, but rather refers to the broad community of cultivators and their sects/schools/clans/etc… Analogous to the Wulin of martial artists.
Cultivator (修者 xiūzhě) (修士 xiūshì) (修仙者 xiūxiānzhě) – a person who trains in martial & mystical arts, generally in order to become powerful and increase their longevity. Meditation and the cultivation of Qi are common practices among cultivators.
Genres: Adventure, Fantasy, Romance, Super Power, Supernatural
Country: japan
Movie: My Cultivator Girlfriend
Production Co:
Release: 2018


text:
i would like to start learn how to make code using Java Client rabbitmq, any way i found a tutorial RabbitMQ - Getting started with RabbitMQ but it is not powerfull tutorial.
I read in some Forums that there are a Templates for Java Client rabbitmq, where there is no need to write the full code, it will be easy to get a generated templates
But i don't know how and where.
Any body know any thing about it??


text:
MELBOURNE, Australia (AP) With the sun setting at the end of a hot day at the Australian Open, Roger Federer ensured he made the most of a favorable evening draw.
Wearing bright pink shoelaces, Federer advanced to the third round with a 6-3, 6-4, 6-4 win over Russian Nikolay Davydenko on Thursday.
The 17-time Grand Slam champion was a winner of sorts before he even stepped out at Rod Laver Arena, having received the luck of the draw - a 7 p.m. start time after the worst of the 106-degree heat had subsided.
``I'm very happy to have played so well against him,'' Federer said of his 18th win over Davydenko in their 20 matches.
Other championship contenders in the men's and women's draws, including Andy Murray, Serena Williams and defending champion Victoria Azarenka, had to withstand the high temperatures that aren't unusual for this time of year in Melbourne.
A dancing Azarenka and an ankle-wrapped Williams had easy straight-set victories. U.S. Open champion Murray also won routinely, beating Joao Sousa of Portugal 6-2, 6-2, 6-4 on Hisense Arena, the second show court at Melbourne Park.
``You need to be the one that's trying to dictate the points in these conditions,'' said Murray, who practices in Florida. ``Miami is the perfect preparation. It's hot and humid there, although it certainly doesn't get up to (99 degrees). It was a good match to get done in straight sets. ``
Williams went into Thursday's match with an injured right ankle from Tuesday's match. She didn't seem troubled by the ankle, but did finish with a swollen lip after hitting herself with her racket.
``It's OK,'' she said. ``It's a war wound. I think it happens to everyone, but I have never busted it wide open like that. I was like, `Oh, no. I can't have a tooth fall out.' That would be horrible.''
Williams lifted her tempo on the biggest points, including when she finally won an 18-minute game to open the second set en route to a 6-2, 6-0 win over Garbine Muguruza.
``Usually I feel injuries after the match but, so far, so good. I felt pretty much better than I ever dreamed of expecting to feel,'' Williams said of her ankle.
She later combined with sister Venus to win in the first round of doubles, showing no signs of trouble with the ankle.
Despite the high temperatures, tournament officials left the retractable roofs on both main arenas open because a combination of factors including humidity and court temperature didn't warrant making the venues a temporary indoor haven from the heat.
Ice vests and towels helped players keep their cool, and a women's tour rule allowing a 10-minute break between sets was invoked late in the day, tournament director Craig Tiley said.
``It's always the referee's discretion, but the lack of humidity helped us today,'' Tiley said. Australia sweltered through a week of record high average temperatures this month, but the first three days of the Open were relatively mild.
The top-ranked Azarenka pranced into Rod Laver Arena for the first match of the day, and said she's starting to find some rhythm after beating Eleni Daniilidou 6-1, 6-0 in 55 minutes.
``I felt like I'm back into the competitive mode,'' Azarenka said.
The No. 94-ranked Daniilidou only won 10 points in the first set and was shut out in the second despite having triple break point in the fourth game.
Azarenka had her friend and musician RedFoo in the stands watching and signing autographs, and said she went onto the court listening to a ``great mix of disco music and a little bit of new music.''
The heat didn't seem to bother 42-year-old Kimiko Date-Krumm, who advanced 6-2, 7-5 over Shahar Peer of Israel. She's the oldest woman to win a singles match at the Australian Open.
In the final match of day, which carried into Friday morning, Britain's Laura Robson outlasted 2011 Wimbledon champion Petra Kvitova 2-6, 6-3, 11-9 in a 3-hour match.
The Melbourne-born Robson, who won a mixed doubles silver medal at the London Olympics last year with Murray, trailed 3-0 in the final set before coming back to win a match featuring 14 service breaks - seven by each player. Robson served for the match twice, failing to clinch it at 6-5 before getting another chance eight games later.
Other women advancing included former No. 1-ranked Caroline Wozniacki, No. 14 Maria Kirilenko, No. 16 Roberta Vinci, No. 20 Yanina Wickmayer and Elena Vesnina, who beat No. 21-seeded Varvara Lepchenko of the United States 6-4, 6-2.
Former U.S. Open champion Svetlana Kuznetsova beat 26th-seeded Hsieh Su-wei of Taiwan 6-2, 6-1.
Murray, who ended a 76-year drought by British men in Grand Slam tournaments with his win at Flushing Meadows last year, didn't allow Sousa a single break-point chance.
Among the other men advancing were sixth-seeded Juan Martin del Potro, who beat Benjamin Becker 6-2, 6-4, 6-2, and 2008 Australian finalist Jo-Wilfried Tsonga, who pretended to do pushups to disguise a fall during his 6-3, 7-6 (1), 6-3 win over Japan's Go Soeda.
Australia's Bernard Tomic went through to the third round along with No. 9 Richard Gasquet, No. 13 Milos Raonic of Canada, No. 17 Philipp Kohlschreiber of Germany, No. 21 Andreas Seppi of Italy and Lithuanian qualifier Ricardas Berankis, who beat No. 25 Florian Mayer 6-2, 6-3, 6-1.
Tomic beat Novak Djokovic at the Hopman Cup and won last week's Sydney International, his first ATP tournament victory. He has won 10 matches in a row and has held 76 consecutive service games through that stretch.
He'll face Federer in the third round on Sunday, a rematch of their fourth-round match last year.
``We'll know each other a bit better this time around,'' said Federer, who had two lopsided wins over Tomic in 2012.
Gael Monfils improbably advanced to the third round with a five-set win over Taiwan's Lu Yen-hsun despite the Frenchman having 23 double-faults, including three on match point. Fortunately for Monfils, he also had 29 aces in the 7-6 (5), 4-6, 0-6, 6-1, 8-6 win.
Djokovic, attempting to win his third Australian Open in a row, plays his third-round match on Friday against Radek Stepanek, while the featured women's match will be second-seeded Maria Sharapova's eighth career meeting with Venus Williams.
Sharapova holds a 4-3 edge, although Venus has won both times they've met in Grand Slams - at Wimbledon.


text:
CHESTER, Pa. – No Thierry Henry? No problem. Even without their leading scorer, the New York Red Bulls offense clicked to the tune of three goals during a nationally-televised showdown Saturday afternoon at PPL Park.
Fueled by a 78th-minute game-winning goal from Kenny Cooper, the Red Bulls escaped Chester with a wild 3-2 victory, taking advantage of being a man up for the entire second half and spoiling a two-goal effort from Philly's Lionard Pajoy.
New York (7-3-1) has now won four straight while the struggling Union (2-6-1) have dropped three consecutive regular-season games for the first time since their inaugural 2010 season.
The Red Bulls went up a man when Philly's Freddy Adu was called for his second yellow card – for a simulation in the penalty box in the 43rd minute as he tried to draw a foul after splitting a pair of New York defenders. His first yellow came in the fifth minute for a dangerous tackle.
The ejection was exceptionally poor timing for the Union as Adu had spearheaded what was arguably the club's best offensive first half of the season. Before he was sent off, the playmaking midfielder aggressively attacked the Red Bulls defense, showcased a full arsenal of dribbling moves and set up many of Philly's eight corner kicks.
Shortly after dribbling around about four Red Bull players to draw one of the corners, Adu set up Philly's first goal with a cross that found the head of Pajoy in the 31st minute.
The goal, just Philly's sixth of the season, ended New York's shutout streak at 324 minutes.
Pajoy – who for the first time since March was joined by a second striker in the starting lineup (Danny Mwanga) – had two more excellent chances to score in the first half but shot wide on both close-range looks. The Colombian striker also had a turn-and-fire shot that was saved by New York goalkeeper Ryan Meara.
The Red Bulls took advantage of their only shot on frame in the first half, scoring in the 17th minute on a left-footed rocket from Joel Lindpere that beat Union goalie Zac MacMath to the near post. The goal was set up after Mehdi Ballouchy secured possession on a long ball, dribbled toward the corner and passed it back to a streaking Lindpere just inside the box.
Despite going down to 10 men, the Union scored an unlikely goal almost immediately after the second-half kickoff as Pajoy capitalized on a quick change of possession, beat New York defender Markus Holgersson and then deposited a tough-angle shot into the back of the net for his second goal of the game and third of the season.
About 15 minutes later, however, Holgersson got some redemption when he tied the game back up at 2-2, heading a corner kick from Brandon Barklage into the back of the net.
Both teams had other chances to score early in the second half – namely on a Keon Daniel shot from point-blank range that was saved by Meara and a New York run-up that featured a Dane Richards dribbling display and a Juan Agudelo bicycle kick that sailed wide of an open net – but the score remained deadlocked until the 78th minute.
That's when Cooper's ninth goal of the season silenced the PPL Park crowd and gave New York a 3-2 lead.
The Union very nearly equalized but Michael Farfan missed the net from about a yard out in the 87th minute and Meara made a remarkable, close-range save on Pajoy in stoppage time.
Philly and New York were playing shorthanded with Henry and Union captain and center back Danny Califf among the absences. Both players have hamstring injuries.
Philadelphia next travels to FC Dallas next Saturday while the Red Bulls head to Montreal.


text:
Hire Close Up Magician in Harrow
Request free quotes now and our manager will help you to find the best supplier for your event.
Browse Close Up Magicians
Are you looking for a Close Up Magician in Harrow, Middlesex? Our catalogue includes 43 acts available for hire in Harrow.
Recent review: We hired Magio for a networking event and he exceeded our expectations! He was great at working the room, helped to ease people into the event and had everyone mesmerised by his close-up magic. I'd highly recommend Magio!
Thomas Dixon
Recent review: Outstanding evenings entertainment from Thomas. His tricks and fun around each tables was great fun and cant recommend him highly enough. well done Thomas!!
Minnie The Clown Parties
Recent review: The entertainer sent to us was mediocre I'm afraid, he delivered but felt wasn't on par with our expectations. A few of the activities was missed off and not sure this was the right entertainment company for us.
Daniel Harper
Recent review: Daniel was amazing! Daniel kept our family and friends entertained with his wizardry (magic is real, he proved it). Also he is a really nice guy, turned up on time and got on well with everyone. I thoroughly enjoyed myself and would recommend hiring Daniel for any event.
Jared Gale - UK Illusions - Kids Illusions
Recent review: Jared was great! Everyone enjoyed the entertainment at my sons 8th birthday party. He was great at interacting with the kids and getting them all involved. We would highly recommend Jared.
Edward Crawford
Recent review: You are always not sure how it is going to be when you have not met the persons but as the reviews say Edward is extremely professional great communication before the big day and On the day WOW WOW WOW!!! Some of the best I have seen all my guest were all talking about him thank you so much Edward I would definitely recommend
Raza Chaudhry
Recent review: We found Raza to be friendly, easy going with a very good rapport with our friends and clients that attended our Christmas Party. His magic was of the highest standard and we thoroughly recommend to anyone who is looking for an entertainer for their special event.
Steve Day
Recent review: Very good at holding the attention of 25 children. Excellent value for money.
Adam Heppenstall - Simply Stunning Magic
Recent review: Everyone at the Dinner said he was great. I got many compliments and it was not an easy crowd to please, so I would recommend him.
Nicolas Clement - French Magician
Recent review: Nic was really great - very friendly and amazing tricks. All of the guests loved his tricks and raved about him afterwards.
Brian O'Leary Magic
Recent review: We hired Brian for our Christmas Social and he was wonderful. He arrived early, was engaging and had a large repertoire of tricks that kept us mesmerised and baffled. He set the scene for the evening and without doubt we would hire him again. A pack of 9 of diamonds - where did that come from? Excellent value.
Ben Dali
Recent review: Cant seem to contact you can you email me direct thank you
Ross McCourt
About: Based in London, Ross McCourt has honed his craft as a magician for over twenty years. He is a member of The Magic Circle, the most prestigious magic society in the world. Since receiving his first...
Bounce Entertainments Ltd
Recent review: amazing - kids were happy and parents were happy too thank you
The Ginger Magician
Recent review: Kurtis was excellent! The magic was so great and he was a great entertainer! We had quite a few adults with learning disabilities at party too and Kurtis was a natural with everyone! I plan to book Kurtis again definitely! Certainly the best magician I've seen!
Katherine Rhodes
Recent review: "Fabulous performance, she is very professional and capable. Everyone was impressed. I only wishes it could last longer"
Nelson Brett
Recent review: Please DO book Nelson. He came down from London to Leigh on Sea to make an appearance at my son's 21st Birthday party yesterday. Nelson is charismatic, friendly, funny, and most of all brilliant at his craft. He engaged everyone at the party and totally blew our minds with his work. I could not have chosen a better person to make the party one to remember. Thank you Nelson, you're magic!
Magic Moments Entertainment
Recent review: Richard performed for my son's 6th birthday party. We were very impressed with him and his work unanimously, kids and parents alike. He is very professional and polite. Right from the start even while booking his magic show, we had a fantastic experience. He performed a magic show and balloon tricks for a group of 25 kids and adults and, it was a thoroughly enjoyable experience. I can't recommend him enough. Absolutely BRILLIANT! Thank you Richard!
Childrens Entertainments Ltd
About: We cater for every event from large fundays and cooperate events, all the way to back garden birthday parties. We provide a whole range of great entertainment that will sure to amaze.
M A R C O - Modern Magic
Recent review: Marco was fantastic! He came and added some magic to our office Christmas party, he kept us all very well entertained and worked the crowed well! 10/10 would definitely recommend!! Really easy and professional to deal with, thank you once again!
Owen Lean - Unforgettable Magician
About: In 2006 Owen Lean received the World's first degree in Street Magic. For the next sixteen years, Owen traveled the globe performing his incredible magic in over forty different countries for some o...
Popstarz Events
Recent review: She was great! xx
Recent review: "Subz is a very talented young man and he will add a touch of magic to every event. Would highly recommend."
Simon & Mark Hill
Recent review: My guests have had nothing but good things to say about Simon & Mark! They told me about some parts of their show as I didn't attend, and I had goosebumps it sounded incredible! Would not hesitate to recommend and imagine they are destined for big things! Thank you very much Simon & Mark!
Martin John - As Seen on BBC1 & Channel 4
Recent review: "Thank you Martin for being an important part of the friendly atmosphere at the Wedding...your Spanish helped the grooms family feel welcome and included apart from being amazed at the tricks! You were much appreciated Sue Holston"
Austin Talent
Recent review: "Luisa Omielan transformed the audience at our client event from FS corporates to dancing, laughing, crying friends. She is a hilarious and thought provoking act that takes the idea of female comedy to a fundamentally new and exciting level. There is nothing like this out there!"
Duncan William
Recent review: We hired Duncan for our annual conference. We gave him a specific brief and he delivered in spades (pardon the pun) We hired him to mix and mingle with the delegates and also perform his mind reading show which was superb and in a class of its own. The show itself left all our the guests amazed and our foreign delegates left with a real memorable experience. He was even able to weave some of the conference ideas into his act too. I would not hesitate in recommending Duncan for your conference, or corporate event!!
Simon Hill Magician
Recent review: I've booked Simon for our annual Christmas Party the last 5 years and every year he blows us away with something new, a true professional and amazing entertainer! We couldn't recommend him highly enough!
Magician Max Rendall
About: With Max, you can expect an entertaining and professional style of performing that is ideal for any entertainment venue. With a specialty in close up magic, be that roving, table hopping, mix and m...
Darryl Rose - Making Magic Memorable
About: Darryl is an international award winning magician with over 30 years of experience entertaining around the world. Whether at a Product Launch, corporate event or intimate private gathering, Darr...


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Artesa Winery sits high on a hilltop overlooking the renowned appellation of Carneros in southern Napa Valley. The winery's roots date back to the 1980's when the Raventós family, heirs of the Spanish winemaking dynasty Codorníu, began acquiring land in Napa Valley. In 1997 it was named Artesa, from the Catalan word for handcrafted. Today, Artesa focuses on producing small, ultra-premium lots of the varietals for which Carneros and the Napa Valley are best known − Chardonnay, Pinot Noir and Cabernet Sauvignon – and aims to capture the essence of terroir through exceptional winemaking.
The winery employs both traditional and modern techniques to create wines that experience minimal manipulation between harvest and bottling.
A visit to Artesa is nothing short of spectacular; design, art and nature combine to make the winery one of the most spectacular – and popular – destinations in wine country. Set into the highest hill of Artesa's 350-acre estate, the avant-garde winery structure was conceived by the renowned Barcelona architect, Domingo Triay, with the idea of building a modern and elegant structure seamlessly blended into the surrounding landscape. A protective covering of natural grasses conceals the winery rooftop, accented by fountains and contemporary sculpture. Inside the winery, the light-filled tasting room houses the contemporary work of Napa Artist Gordon Heuther including large-scale installations in glass, metal and canvas. This emphasis on elegance and art, offset by breathtaking vistas of surrounding Carneros makes the Artesa tasting room an essential destination for thousands of wine lovers visiting California Wine Country each year.
Plan a trip to Artesa Vineyards & Winery on our interactive winery map:
Very Large
Decribed as "one of the most architecturally stunning wineries in North America", Artesa has 360 degree views of the Bay Area and the rolling Carneros Hills from the terrace. The modern tasting room features two tasting bars, a courtyard/outdoor tasting area and expansive views of the surrounding countryside. The works of local artist Gordon Huether are featured throughout the Visitors Center.Music in Tasting Room: Eclectic mix of oldies and current artists
Artesa Vineyards & Winery Wine Club
Wine clubs are a great way to stay connected to your favorite wineries.
To join the wine club, visit https://www.cellarpass.com/artesa-winery-profile?ID=628&w=1 or call 707-224-1668.
Our wine club, Club Artesa, allows members to purchase wine and merchandise at a 20% discount. In addition, members are offered special wines at bigger discounts throughout the year. Events are a big part of the Club experience;a Harvest Grape Stomp , the May Sunset Dinner, summer barbeques and much more all enhance membership in Club Artesa. Private tasting areas just for club members provides a top notch experience.
The offer listed below is valid for all Napa Valley residents age 21 and over.
Offers applies to 21 years or older Two for one tasting Monday through Thursday with a valid Napa drivers license
Once a year the rarest new Napa Valley wines become available under one roof at Premiere Napa Valley. Wineries throughout the Napa Valley are given one task to participate: create a one-of-a-kind wine for this event to be purchased by one lucky bidder. This event is only open to select members of the wine trade and the successful bidder is the sole owner of this unique wine.
Artesa Vineyards & Winery
Cases: 5
Varietal: Red Wine
Vintage: 2017
Release Date: July - 2020
Appellation: Napa Valley
To purchase this wine or check on availability contact:
Jacob Liquor Exchange
Wichita KS


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Dear Magic Player Community:
In recent weeks there's been a lot of discussion of the pending Magic: The Gathering®--Classic (Sixth Edition) rules changes, which will take effect in tournament play on June 1, 1999. Some of you fear these changes will be the death of Magic® play, others want to wait and see the complete Sixth Edition rules, and still others have praised the changes. Let me start by telling you that the Sixth Edition rules changes posted on the Magic Dojo news are accurate. For those of you who haven't seen them, I have attached the Sixth Edition rules changes at the end of my letter.
Some of you believe that the Magic rules are being "dumbed down," that Wizards of the Coast believes starter-level products like Magic: The Gathering--Portal sets are the game's future, and that the removal of trample from Sixth Edition is the beginning of the end. This simply isn't true. The continued success of Magic lies primarily in one type of product: expert expansions. Magic R&D's number-one goal is to create interesting expansions that stimulate the Standard tournament environment and challenge current players.
Even though expert expansions are our most important Magic releases, starter-level products and the basic set play significant, though sometimes misunderstood, roles in the Magic product line. Starter-level products aren't intended for the experienced Magic player. I believe that the Magic community has accepted this and therefore understands what Portal is; experienced players don't purchase or play with Portal cards.
What Sixth Edition means for the experienced player is less black and white. Let me shock you: The experienced player with lots of cards has no need to purchase Sixth Edition. There's nothing new in Sixth Edition. Sixth Edition is just a combination of Fifth Edition cards and the Mirage cycle, with a few older cards thrown in.
The most significant impact Sixth Edition will have on the tournament player is the tournament-level cards found within it. Let me share some truths about Sixth Edition with you:
Sixth Edition can't contain all the tournament-level cards we've ever produced. There are only so many top cards a set can support before some top cards are no longer top cards. As the pool of cards available for Sixth, Seventh, and future basic editions continues to grow, Magic R&D will need to choose which good cards stay, which good cards leave, and which good cards return.
For Sixth, we tried to select some tournament-level cards that would support existing deck types while removing cards that hurt existing deck types. For example, Necro's going. Losing Necro isn't the end of the world. It wasn't removed because it was too powerful, and it wasn't removed because of the Sixth Edition rules. It was removed to change the tournament environment and to challenge our top tournament players. Finally, we added some Mirage-cycle cards we thought were good for the tournament environment.
Before I explain my reasoning behind the rules changes, I want you all to be aware I wasn't working in a box with my head stuck up my butt, refusing to talk to anyone. The rules team included Wizards people like BethMo, Tom Wylie, Richard Garfield, and many other members of Wizards R&D. I also worked with many top rules experts outside of Wizards, like Collin "Gammavirus" Jackson, Dan Gray, Dave DeLaney, David Sachs, DonaldX, Jeff Jordan, Michael "Meowse" Phoenix, Stephen D'Angelo, and Paul Barclay. We didn't always agree on all the answers (just ask DonaldX about triggered abilities), but we always discussed all the issues and the vast majority of us are extremely pleased with the final product.
Our main motivation behind the Sixth Edition rules changes was that the rules were needlessly complicated and growing more so each month. I realize that this is a judgment call, but I ask you: How many rules experts are there, really? Twenty-five, maybe. And I have questions that will stump all of them because there are Fifth Edition rules questions with no answer. Having overly complex rules is detrimental for Magic play. The skill of play and of deckbuilding should be the challenge of Magic, the thing that separates good players from great players. Memorizing a complex rules system should not.
While we call these changes "Sixth Edition rules changes," the changes have nothing to do with Sixth Edition other than that they are being released at the same time as the Sixth Edition card set. Sixth Edition uses only a subsection of the rules. The absence of trample or flanking from Sixth Edition doesn't mean the removal of these abilities from Magic play. The Magic rules have been and always will be designed and developed for the expert-level player. Please don't confuse a less complicated Sixth Edition card set with the Magic rules being "dumbed down." I have a 20,000-word rulebook currently being edited as proof that expert-level Magic and starter-level products like Portal are worlds away from each other.
Before I tackle the new rules issues one by one, I want to note that the Sixth Edition rules changes attached to the end of this letter are the vast majority of the rules changes. There are no more surprises. While there are some other changes, the other changes are to obscure rules. The complete Sixth Edition rules document will be released in a few weeks, after it's been edited.
On to the good stuff:
First, no more interrupts. Can you think of the last time you played Counterspell and it mattered that it was an interrupt instead of an instant? When do you respond to a Counterspell? Usually to counter the Counterspell or to play another copy of the spell that was countered. Maintaining the interrupt spell type did very little other than lengthen the rules. This change makes Power Sink worse, changes the Armageddon - Zuran Orb combo, and adds the "Tutoring for a Counterspell" trick. This won't make Magic play worse and it won't make it better; it just makes it different.
Next comes the stack. The stack was created so that activated abilities, instants, damage prevention, and triggered abilities could all work the same way. The rules team referred to this as the Grand Unified Timing System. The stack will allow players to respond to anything played.
Triggered abilities were changed for the casual player. Lots--and I mean lots--of players don't understand why you can respond to a Terror by Unsummoning the creature, but you can't respond to a Nekrataal by Unsummoning the creature. The new triggered abilities system treats "when comes into play" creatures in a more intuitive way. These creatures truly become a creature and a sorcery rolled into one, and as with all sorceries, you can respond to the sorcery part. We also cleaned up the messy rules about when a triggered ability resolves during a spell and when the triggered ability waits until the spell finishes resolving.
Damage prevention under Fifth Edition rules had the problem that "deal" really meant "assign." Lightning Bolt didn't deal damage. Lightning Bolt assigned 3 damage to a target creature or player. The damage wasn't dealt when Lightning Bolt resolved; it was held in Never-Never Land until a damage-prevention step was completed. The new rules fix this. In Sixth Edition, when Lightning Bolt resolves, it deals its damage immediately.
So, under Fifth Edition rules you waited for the Bolt to resolve and then played your Healing Salve during a damage-prevention step. Under Sixth Edition rules, you respond to the Bolt being played with your Healing Salve. First the Healing Salve resolves, stopping 3 damage, and then the Bolt resolves, dealing 3 less damage, or 0 damage. As with the removal of interrupts, there will be changes to some cards and combos. Damage prevention gets a little stronger. But in reality this change will have very little impact on Magic play.
We reorganized phases and steps. Upkeep is now a step and combat is now a phase. They're just title changes with no impact on game play.
The rule about losing immediately when you have 0 life is just intuitive. It matches what happens to creatures that have 0 toughness or take lethal damage. I only need to make one apology, to the one person harmed by this rules change: I'm sorry, Mark Rosewater. I've made it harder for you to create your puzzles.
Having artifacts no longer "turn off" when they're tapped was a tough decision. I chose short-term pain for long-term gain. My strategy was to remove the rule from the rulebook so noncreature artifacts would work like all other permanents. But to keep the strategic element of artifacts turning off, we're going to add the turn-off ability to the card text. Sixth Edition's Howling Mine will say, "At the beginning of each player's draw step, if Howling Mine is untapped, that player draws an additional card." The short-term pain is that players using the new rules with older versions of some cards will need to know some errata. So what else is new? One goal of these rules changes is to reduce the amount of errata issued on future cards.
Phase abilities have been eliminated. They've been replaced by triggered abilities that trigger on the beginning of the phase. This change makes the rules a lot simpler and doesn't reduce any strategy of play. (For each of the few strategies lost, there's a new strategy gained.)
"End of turn" posed some of the most interesting rules questions. What does it really mean to do something at the end of your turn? Let's say that at the end of my turn I discard down to seven cards. If when I do so a triggered event occurs, it's no longer the end of my turn. What the new rules do (using lots of legal-type talk) is make sure that the last things you do at the end of your turn are clear all nonlethal damage and discard down to seven cards. Tournament players will learn the new rules and use them to their advantage in the one game in a hundred in which they apply. Casual players will go on playing the way they always have. It's just that now the casual player will be playing the game correctly.
I've saved the most significant changes for last: the changes to combat. There are two changes to combat, other than that we're no longer just pretending combat is a phase. First, tapped blockers now deal combat damage. We wrestled with this issue for a long time. In the end, we decided that there was no strategic gain to maintaining this rule. The strategy lost (I can't Twiddle your blocking creature to stop its damage) is replaced by the strategy of using creatures to block and then tap for effects. Offense loses a little, defense gains a little.
We made a bigger change to the way creatures deal their combat damage. This change was made so that combat damage fit into the Grand Unified Timing System. We wanted to allow players to prevent damage after they saw how creature damage was being divided (which is what happens under Fifth Edition rules). We also wanted for spells played during combat to work the same way they do outside of combat. In the end we created a system that has simpler rules but much more complex play strategies.
These changes to the Magic rules will have some impact on the game. Casual players will feel only a little change. Tournament players will need to adjust their decks and play styles slightly to account for the new rules. The impact these rules will have on the tournament environment will be far less extreme than the impact of a new set. Tolarian Academy changed the tournament environment far more than Sixth Edition rules ever will. The Magic environment is designed to accommodate change--in fact, Magic would become stale without change.
I believe the Sixth Edition rules are best for the long-term health of Magic play. The rules changes shift the Magic strategy back to the cards, where it belongs. As with all change, there will be some short-term costs. All I ask is that you learn and play with the Sixth Edition rules changes before you judge them. In the end I believe most of you will agree that these changes are best for the game. And that's all any of us wants: what is best for Magic play.
Bill Rose
Magic Lead Designer
Sixth Edition Rules Changes
(These rules changes become effective in tournament play on June 1, 1999.)
The Stack
Forget batches and series--whenever you play a spell or ability, it goes on the stack. You can then play another spell or ability or pass. If you pass, your opponent gets priority to play spells and abilities. When you both pass in succession, the spell or ability on top of the stack resolves. Then the player whose turn it is (the active player) gets priority again. You don't have to wait for everything on the stack to resolve before playing another spell.
Example: I play Hammer of Bogardan on your Fallen Angel. You respond by playing The Hive's ability to create a Wasp token. After The Hive's ability resolves and your Wasp comes into play, you sacrifice it to your Fallen Angel. The Angel, now 5/4, takes 3 damage from the Hammer and survives.
Abilities that add mana to your pool don't go on the stack. (These are now called mana abilities.) You simply get the mana immediately. Spells that produce mana, however, such as Dark Ritual, go on the stack like other spells. Mana abilities can be played only when you have priority or are asked to pay mana. Mana sources no longer exist.
Countering Spells
Classic rules do away with interrupts. All interrupts are now instants, which means you can counter a spell any time before it resolves. (Abilities that trigger on a spell being "successfully cast" now trigger on a spell being "played.")
Example: I play Terror on a creature you control. You respond by playing Inspiration, which lets you draw two cards. One of the cards you draw is Counterspell. You can now play it to counter my Terror.
Damage Prevention and Regeneration
Classic eliminates the damage-prevention step. Damage is no longer dealt ("assigned") and then successfully dealt--it's simply dealt. Damage prevention, regeneration, and other spells and abilities that generate replacement effects are now played just like other instants.
When such a spell or ability resolves, its effect creates a kind of shield. Damage-prevention effects create shields that prevent the next damage the target would take. Regeneration's effect creates a shield that replaces a permanent's next destruction with regeneration. These shields last until used up or until the next cleanup step, whichever comes first.
If an effect prevents a specific amount of damage, it creates a shield that hangs around until that amount of damage is prevented.
Example: I tap my Prodigal Sorcerer to deal 1 damage to your Tundra Wolves. You respond by playing Healing Salve on the Wolves. The Salve resolves first, setting up a shield that can prevent 3 damage. When the Sorcerer's ability resolves, the shield prevents the 1 damage and waits around for the rest of the turn to prevent up to 2 more.
If two different effects could each prevent the same damage, the "shielded" player or controller of the "shielded" creature chooses which effect gets applied.
All damage-prevention spells and abilities are now targeted. This means, for example, that you can't play Healing Salve on a creature with protection from white.
Triggered Abilities
In the Classic set, any ability that begins with "when," "whenever," or "at" (as in "At the beginning of your upkeep") is a triggered ability.
When a triggered ability's condition is met, the ability automatically goes on the stack. Its controller chooses all targets for it, and when it resolves, makes all other choices for it. If two or more triggered abilities go on the stack at the same time, those controlled by the active player go first. If one player controls two or more, that player chooses their order. Triggered abilities can no longer resolve while another spell or ability is resolving.
Phase abilities have all been changed to triggered abilities that trigger when the specified phase or step begins.
Under Fifth Edition rules, you couldn't play a permanent's abilities until you dealt with its phase costs and "comes-into-play" costs. This rule no longer exists. Abilities that read, "do A or do B" should now be read as "You may do A. If you don't, do B."
Phases and Steps
Each turn now has five phases: beginning, main, combat, second main, and end.
The beginning phase has three steps: untap, upkeep, and draw. No spells or abilities can be played during the untap step, and abilities that trigger during untap wait until the beginning of the upkeep step to go on the stack. If an effect instructs you to do something at the beginning of the turn, you do it at the beginning of upkeep.
Upkeep abilities ("During your upkeep, do A") are now triggered abilities: "At the beginning of your upkeep, do A." Likewise, abilities that read "During your upkeep, do A or do B" should now be read as "At the beginning of your upkeep, you may do A. If you don't, do B."
There are now two main phases in every turn. They're separated by combat, which is now its own phase. You may still play only one land per turn. Phase abilities played at the beginning of or during your main phase are now triggered abilities that trigger at the beginning of your first main phase.
The end phase has two steps: end of turn and cleanup. The end-of-turn step works just like the upkeep step. When it begins, all triggered abilities that start with "At end of turn" go on the stack. When the cleanup step begins, the active player discards down to the maximum hand size (usually seven cards). Then all damage on creatures is removed and effects that last "until end of turn" end. If any abilities trigger during the cleanup step, they go on the stack, and then the active player gets priority to play spells and abilities. If no abilities trigger, no one gets priority. If any spells or abilities resolve during cleanup, the whole step is repeated. Otherwise, the turn ends.
Combat is now its own phase with five steps: beginning of combat, declare attackers, declare blockers, combat damage, and end of combat. Spells and abilities may be played during each of these steps, but only after the step's mandatory parts have been completed. For example, you can play a spell during declare attackers only after attackers have been declared.
The declare attackers and declare blockers steps are unchanged, but dealing combat damage works differently. The active player announces how he or she wants attacking creatures' combat damage to be dealt, then the defending player does the same for blocking creatures. Tapped blockers now deal combat damage just like untapped ones. Because there's no damage-prevention step in Classic, the combat damage isn't dealt immediately--instead, it goes on the stack. Players may then play spells and abilities as usual. Nothing that happens to the attacking and blocking creatures can affect damage that's on the stack waiting to be dealt. When the stack reaches the combat damage, it's dealt according to the earlier damage announcements, even if one or more of the creatures in combat are no longer in play.
Example: I block your Fire Elemental (5/4) with my Air Elemental (4/4). The creatures' combat damage goes to the stack. Afterward, I play Unsummon on my Air Elemental. The Unsummon resolves, returning the Air Elemental to my hand, and then the combat damage is dealt. The Air Elemental deals 4 damage to the Fire Elemental--even though it's no longer in play.
The end-of-combat step works like the upkeep and end-of-turn steps. When the step begins, all abilities that trigger on the end of combat go on the stack.
You now lose the game as soon as you reach 0 life, not at the end of the phase.
Artifacts' continuous abilities now work the same way as other permanents' abilities. They no longer "shut off" while the artifact is tapped.
Under Classic rules, you choose modes and targets for a spell or ability (and pay costs) when you play it, but you make all other choices when the spell or ability resolves, not when it's played. You can identify modal spells and abilities by the "Choose one--" phrase.
Questions and Feedback
If you have any questions, ask Bill. Mr. Rose will compile a list of the most frequently asked questions and make a weekly update to this website.
Back to Classic Main Page
© 2019
Wizards of the Coast, Inc., a division of Hasbro, Inc. All rights reserved.


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Posted by Editor on 11/14/99
Walters wins in Japan
(courtesy Marc Morrison)
We have received word that Mark Walters has won the men's race and Sandy Espeseth finished second in the women's event at the Tour of Okinawa, Japan. Dominique Perras and Charles Dionne were also at the event. No other details at this point.
Crusty 2000 Video Party
by Mike Badyk, Tech Editor, Canadian Cyclist
All we can say is that this was one heck of a party, perhaps the highlight of the year as far as fun and laid back is concerned. Yes, there was a video to premier, but this was only one small part of the evening at The Opera House on Queen St. East. The old building was packed to capacity with close to 900 mountain bikers, BMX'ers, snowboarders, motocrossers and skateboarders. The MTB community was well represented by Seamus McGrath in his best home boy look, National downhill great Eric Cseff, and Ontario Cup Champ Ondrej Neumann just to name a few. Lots and lots of people from Toronto area stores too, thanks to event organizer and Fox rep Dean Lasci. "We are extremely pleased with this evening. We sold more tickets than last year so we are at the legal capacity of the Opera House. We are going to have to look for a larger venue for next year, possibly even Massey Hall", said Lasci. There are a lot of parallels that could be drawn with the extremely successful Warren Miller Ski Films, but this is a very different audience, although the Crusty loyalty is similar.
The evening started with two young thrash metal bands, Blank Stare (good singer, musicians could be better) and Sector 7 (good musicians, obnoxious lead singer) to get the crowd cranked up. Beer flowed freely and a good sized mosh pit formed front and centre at the stage. As Sector 7 left the stage, a substantial amount of serious swag was given away. Highlights were the punker with the sizeable Mohawk hair-do who stripped naked and did a back flip to win a custom skateboard, as well as the attractive young lady who flashed the crowd to win Fox clothing. Tossing skateboards into the crowd was probably, in retrospect, a questionable move, but it was in keeping with the theme of the evening.
As the last of swag was given away, a roar went up as the projection screen dropped from the ceiling and the video came to life. In a word, incredible. The moto-cross stunts in this film are unbelievable. There was probably more footage of people flying through the air than there was of them on the ground. Some awesome footage of splatters too. Although primarily a dirt motorcycle film, there are a few good segments of BMX and MTB. One highlight was a stunt where the mountain biker was towed behind a motorcycle to get up to speed, launched off a ramp and then landed on the flat roof of a nearby house. You've got to see it to believe it. Personal favourite was a great bit of film of Motocrossers in Australia. Amazing riders and some super filming.
You missed the party, but you don't have to miss the video. It will be available before Christmas and could make the ideal stocking stuffer for the dirt enthusiast. Well worth a viewing on a cold winter night to get you stoked for next summer. Congratulations to the organizers of this awesome event. We'll make sure that we're there next year too.
|Return to Canadian Cyclist homepage | Back to Top


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CSU's starring role on PBS "NOVA"
Colorado State University has a starring role on PBS' "NOVA" Nov. 6 (locally at 8 p.m. on RMPBS). Two research scientists are featured in the episode of "Making Stuff Safer" with David Pogue.
"Making Stuff Safer" features June Medford and John van de Lindt of CSU and two projects: Plants that sniff out danger in the air, including bombs, and earthquake retrofitting for buildings. The photo above, (Pogue with back to camera, Medford facing camera), the crew was in Medford's Biology lab in the Anatomy and Zoology Building on the CSU campus, exploring how plants can be engineered to warn of possibly lethal contaminants in the air.
Pogue, who is leaving the New York Times to launch a tech site on Yahoo, will continue his work for PBS and for "CBS Sunday Morning."


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Medlar Trees
A Medlar belongs to the Mespilus family. Medlar trees are closely allied to Hawthorns. In addition a Medlar tree is often found in old Cottage gardens as Medlar trees can live to a very great age. They make characterful, attractive trees; a Medlar tree can combine as an ornamental and a productive tree in the garden. Medlar trees have softly downy rough textured foliage; these leaves adorn the Medlar tree in a blaze of Autumn colour. Often Medlar trees go out in a blaze of oranges and reds in November. Medlars a connoisseurs delight, in late Autumn of each year your Medlar tree will ripen strange rounded rust brown fruits which have been used for centuries in making jellies which associate very well with meat and game dishes. A Medlar tree also has large, pretty white and pink flowers in late Spring. With its gnarled trunk, characterful air and nice blossom, a Medlar tree would be a worthwhile addition to any garden. Slow growing, Medlar trees seldom get out of hand and require little or no pruning. Medlar trees are hardy everywhere. All Medlar tree varieties are self fertile. Nottingham is the most productive kind of Medlar tree, although the variety Royalty has the most stunning foliage in Autumn.[more...]
Medlar Trees Catalogue


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A better ride in the big city
Julia is sick, so I had to return her heavy photography lighting today. I was naive to the amount and weight of equipment that professional portraiture involves.
I was happy to take an Uber for free when I used PayPal as payment for the first time (expires Nov 28, 2013): http://blog.uber.com/paywithpaypal
If you don't have an account, you can get another $10 credit using my referral code: http://www.uber.com/invite/uberlloydde
I'm relieved I didn't have phone a taxi company only for one not to show, or to try to hail down a taxi. I'm too old for white-knuckled rides through the city.
I don't use Uber much as I like to walk and use public transit. When I do need it, I'm very thankful for the service.
I'm terrible with names of people, addresses, and locations. Uber makes me feel more comfortable navigating San Francisco. I can enjoy San Francisco more. Uber is easy and it works.
Also, as a technology professional Uber inspires me.


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State Codes and StatutesStatutes > West-virginia > 18 > 18-11-5d
§18-11-5d. Contracting for group insurance and supplemental retirement benefits; exemption of certain insurers from premium and annuity taxes.
In contracting for the group insurance provided for in section five-b and for the supplemental retirement benefits provided for in section five-c of this article, as well as for other insurance benefits for any and all persons employed by it, the board of governors of West Virginia University shall solicit proposals for the coverage sought, which proposals shall be obtained by public notice inserted at least twice in a newspaper of statewide circulation at least two weeks before the final date of submitting proposals.
The board may also solicit proposals by sending requests by mail to prospective insurers. Upon receipt and consideration of such proposals as may be submitted the board shall have the authority to accept the proposal of and contract with the insurer offering the insurance program or programs determined by the board, in its judgment, to be the most desirable to the beneficiaries thereof, whether such insurer be then licensed as an insurance company in this state or not: Provided, That no contract shall be made effective unless and until the insurance company becomes licensed as a life insurance company in accordance with article three, chapter thirty-three of this code, as amended: Provided further, That if such insurer shall be a life insurance company organized and operated without profit to any private shareholder or individual exclusively for the purpose of aiding and strengthening nonprofit institutions or foundations engaged primarily in education or research, by issuing insurance and annuity contracts only to or for the benefit of such institutions and to individuals engaged in the service of such institutions, it shall be exempt from the payment of premium and annuity taxes provided for by sections fourteen, fourteen-a and fifteen, article three, and any other pertinent premium tax sections, of chapter thirty-three of this code, as amended as to all annuity or insurance contracts made with educational institutions located within, or relative to subjects of insurance resident in, West Virginia.


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Включените компоненти могат да варират в зависимост от държавата или региона на закупуване: RM-CD6
Въпроси и отговори: 28
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