PETITION
WVH Board to do feasibility study

We, the undersigned, believe that our community is at a critical crossroads and the clock is ticking. The challenges our community faces are many but we believe that they are not insurmountable if we know all our options (short and long term) and are therefore able to make informed decisions.

Accordingly, we the undersigned shareholders, request that the Board of Directors allocate the resources necessary to hire experts to review, analyze and explain our options both as individual shareholders and a cooperative. The work produced by the experts is to be shared with shareholders and used to prepare plans that help determine the highest and best use of our resources to support and ensure the survival of our community.

We further request that the Board authorize the creation of a committee of interested shareholders, to examine a wide range of topics on issues affecting our community including but not limited to: calculating projected taxes; refinancing the mortgage; addressing infrastructure concerns; adding affordable units; and rebuilding the complex. We request that the committee be authorized to describe the scope of the work to be done by the experts, recommend and help vet experts so that the Board may select the best qualified consultants for the purposes of this project, work with the experts selected to ensure that they are familiar with the issues confronting our community, and otherwise provide assistance to the Board and experts selected as needed.

Time is of the essence and we request that the Board take immediate action on the requests set forth in this petition.