” I could not turn back the time for the political change, but there is still time to save our heritage.  You must remember never to cease to act because you fear you’ll fail.”   Queen Lili’uokalani

This is an exclusive offer to buy a share in the ownership of Mel’s Market as a member of the Cooperative (Co-op).  Once we have 3,000 shares spoken for by people who “intend” to purchase a share, the offer to purchase is closed.  The price per share is $300.  One person can only buy one share; one vote per share OR a family can purchase a share OR a hui of people can purchase a share – one vote per share.   

Please understand that at this point in time, we are asking for your intention to buy, backed by your ability to pay once we call for your money.  With 3,000 “intentions to purchase” we will proceed to make a cash offer.  At that time we will ask you to write a check to the escrow company processing the sale.  When the sale is final the members will own the building and the land under it, a legitimate real estate holding, and an asset in our future.

The members of the Co-op will elect a Board of Directors (BOD).  Any member can run for the BOD.  The BOD would hire an Executive Director to implement the wishes of the BOD.  From that point on – the furture is ours.  The more money the vendors in our maket make – the more the return on our initial investment.  The more we invest in our community the brighter or future becomes.

This investment can be viewed as a risk but it can also be an OPPORTUNITY; act now before it’s too late.   “Time is the coin of life.  Only you can determine how it will be spent” Carl Sandburg

Our plan is:

1. Get 3,000 people to commit to buying a share at $300/per share
2. Present a cash offer to purchase Mel’s Market
3. Call for the money to be held in escrow
4. Finalize the Sale
5. Elect a Board of Directors
6. Solicit Vendors for the Market

 

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