Aero Assemblies products take off 2A Mortgage broker’s mission: to help veterans 8A Businesswomen honor Heather Champine 9A
AARON VEHLING JESSICA HARPER JOHN GESSNER
DATE ##, APRIL 22, 2009 2010
VOLUME 31, 30, NUMBER NUMBER 8 # VOLUME
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A new way of living
A new Vikings stadium would create thousands of construction jobs and generate millions in income tax revenue. HARRY MELANDER 4A
Cooperatives offer seniors an option for active living and ownership without maintenance by Jessica Harper
similar to a condo, and shared living spaces. The same generation that started Summerhill is a limited equity cocommunal living in the 1960s is taking operative, meaning that each member an interest in it again. purchases a pro-rated share of a blanket Today, the concept has evolved as semortgage and interest, actual operating nior housing cooperatives costs, property taxes, inpop up across the nation. surance and reserves. These housing comThese types of coopplexes are a new way of eratives are insured by the living that allow residents Department of Housing to purchase stock in the and Urban Development. cooperative rather than a Other senior houssingle unit. ing cooperatives, such as Greg Martin, property Gramercy Club at Burnmanager of Summerhill haven in Burnsville, are of Apple Valley, a coopmarket-rate cooperatives, erative for people ages 55 meaning that members and older, moved to the purchase their shares at cooperative six years ago full market value. as a way to down-size afAs in a limited equiter retiring. ty cooperative, members Photo by Jessica Harper must pay operating costs, Martin said he was attracted to cooperative liv- Senior housing cooperatives started popping up in Minnesota in property taxes, insurance q y spread p across the nation. Today, y and reserves. g ingg because it gave him the late 1990s. The trend quickly there are 93 senior housing cooperatives in the ability to own withSince it is a form of nine states. Minnesota leads the nation home-ownership, a coopout the responsibility of with 74 cooperatives, eight of which are in erative share owner can maintenance. Dakota County. “I also like that I See Cooperatives, Page 52A DAKOTA COUNTY TRIBUNE
can have a say in how it’s run,� he said. Unlike an apartment building, a cooperative is owned by its residents. Each resident becomes a member by purchasing a share in the cooperative. This share guarantees access to a unit,
FORUM
This is not the time to resist f illing out the census when the result could mean the loss of a congressional district. DON HEINZMAN 4A BUSINESS 101
Businesses need to get back to some face time with clients. It increases sales, creates jobs and powers the economy. ROSEALEE 6A LEE BEST PRACTICES
A recession is the perfect time to re-evaluate a company’s direction and create a strategy for its progress. KENNETH MARKS 5A
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