Statement, General Meetings
Cole Road Co-operative Community has 82 townhouse units, a Community Center
and a playground. It was incorporated in July 1990. The first members of the
co-op moved into their homes on June 1, 1991. At that time, we were called
Priory Square Housing Co-op. We changed our name approximately 10 years later.
We are one of six housing co-operatives located in the City of Guelph. Of these six co-ops, Cole Road is the third oldest and second largest. The first two co-ops in the area (Windfield and Silverwood) were built under a federal government program through the Canada Mortgage and Housing Corporation.
Road and the other three co-ops (Royal City, Wyndham Hill and Fife Road) were
sponsored by a series of Ontario government programs. The federal and Ontario
governments stopped supporting the construction of new co-ops and other affordable
housing in 1992 and 1995, respectively.
The 82 families living in our co-op are a diverse group. We have members who come from several different countries, including Canada. We have, or have had, members from Afghanistan, Bangladesh, Cambodia, Colombia, Egypt, England, Eritrea, Grenadines, Iran, Iraq, Mexico, Pakistan, Poland, Serbia, Slovakia, Sri Lanka, Uganda, Vietnam, and probably a few other places.
We have five 2-bedroom townhouses modified to accommodate deaf people.
Cole Road Co-operative Community offers a safe, affordable
and attractive co-operative housing environment to our members and their
CO-OP DEMOCRACY IN ACTION!
At least twice a year (usually in the Spring and Fall), everyone in the co-op gets together at a General Meeting to make decisions on issues affecting the co-op. The key decisions that only members can make include passing bylaws, electing the Board of Directors, and approving both the annual budget and the audited financial statements for the co-op. Most other decisions are made either by the co-op's Board of Directors or by one of the committees. Day to day management (as well as community development) is handled by the co-op's employees (the Co-ordinator and Financial Administrator) who report to the Board of Directors.