Nevertire Road Funding – Community Meeting 04 Feb 2023

As advised in the previous notice, a Community Meeting will be held next Saturday 04 February at 9 am at the Camp Kitchen (a week before the next General Meeting), following receipt of Department of Fair Trading advice that CCUs cannot be made compulsory.

Discussion will cover other funding options for the second stage of sealing Nevertire Road, and particularly the proposed introduction of Infrastructure Shares. All ideas and feedback from members will be welcome.

The following documents are attached for consideration:

Fundraising Timeline 23.1.23

Amended share rules

Draft Terms of Issue

Proxy Form Fund Raising

CCU vs Shares cross reference v1

Goolawah Co-op Funding Options Pros and Cons v3

DA Road Funding

Following Court approval of amended conditions for the Co-op DA, the Board has been considering how we could raise the necessary funds to complete sealing of Nevertire Road in the future, and has prepared the document below.

It is a starting point for a bigger conversation with all members, and hopefully an informal meeting can be held soon to share information, discuss and exchange ideas on how to proceed.

DA Road Funding