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Equity Membership Process

  1. At the time a new potential Equity Membership is announced, the Coordinating team will determine the target date for the Equity Membership decision, usually one week, and will announce the target date to the group.

  2. Coordinating will ask for a poll to be put up on the website so that members can indicate they know of the decision

  3. Any Equity Members or Associates with serious concerns (anything other than a green or blue card) about potential Equity Memberships must bring them to the Community Support (CS) team before the target decision date. The CS team email address is cs@mosaic-commons.org

  4. Community Support will immediately notify the Coordinating team of any concerns that have been raised. If any concerns are raised, Coordinating and CS will determine the best path for resolution. All concerns will be shared with the prospective Equity Member(s). If the issue is deemed a one-on-one issue, it will be kept private between the person who raised it and the prospective. In other cases, the issue may be brought before all Signed-On Folks (SOFs) for discussion and resolution. The group will aim to resolve any concerns before the target decision date. If difficult issues are raised, the decision may need to be delayed. If no concerns are raised, Community Support will notify Coordinating of that fact one week before the meeting at which the equity application is scheduled to be taken to a decision.

  5. The household's Mentor / the Membership Team will ensure that the household takes part in (or has already taken part in) at least one discussion outside of General Meetings, to learn more about the diversity, culture, and informal history of Mosaic, and to ask any questions the household may have about the group. The informal gathering(s) should include at least the household's mentor and another equity member the household did not know prior to joining Mosaic. The household's Mentor / the Membership Team will let Coordinating know these requirements have been met no later than the target decision date.

  6. The Finance Team will be in touch with the household to arrange payment of the contribution of 5% of the household's unit cost, signing of the purchase and sale agreement, and signing of the Operating Agreement. Finance will let Coordinating know the results of this meeting and confirm receipt of payment no later than the target decision date.

  7. When the Coordinating Team has heard positively from Community Support, the Membership team / the Mentor, and the Finance Team, and has ensured that all equity members have indicated they know of the decision, the new household has been accepted!

  8. The official joining date for the household will be the date on which Coordinating announces the result. The decision will be ratified at the next General Meeting. At that time, the household members will sign the Equity Member Agreement, and the group will celebrate.

  9. If an Associate who is on either the Community Support team or the Coordinating team applies for Equity Membership, that Associate will not participate as a member of that team in connection with their equity application.

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