We’ve been busy!

We held a special meeting with our Founders May 15, 2018 as a follow up to the 3 IPA planning meetings. It was an opportunity for everyone to raise questions arising from those meetings and to give us feedback on how they want us to proceed.

We began the meeting with a report from our Treasurer, Doug Shier. Founders and Friends have been so generous, we actually have a small sum left over after paying for a market study, legal and accounting fees, and the many hours of work by our consultant, Action Pact. We have decided to set some in reserve and we anticipate greater costs on the horizon. It’s almost time for more fundraising. Stay tuned for that!

We are currently incorporated as a 501(3)c educational non-profit. In order to buy land, accept investments, and begin to build, we will re-incorporate as a separate entity. For now, we are calling that “New Co” until we decide on a better name.

We asked Founders how they want decisions to be made as we move into this new phase. What role do they want the current (and future) board to play? How much input should Founders and Investors have into decision-making and should that input be based on the amount invested?

We are still collating those responses. At first review, it seems that many people would like the board to have decision-making authority about most issues, with some exceptions, and that input from Founders/Investors should be somewhat proportional to financial investment. There were also suggestions that the process for selecting and retaining Board Members be more transparent.

We are taking all of this input seriously and incorporating it into our planning.

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Music is Good Medicine

Alive Inside is a documentary about the amazing power of music to reach people who seem lost in their own world. It’s moving and inspiring.  Here’s a short clip that shows how music is, indeed, good medicine.

 

 

We are posting this — a commercial — because it reflects how we all want to be treated at the fragile stage of life. We plan to create a community where everyone is cared for this well.  Take a look and tell us what you think.

 

https://www.youtube.com/watch?v=WjjhcdcBkK4#action=share

Do you or a loved one have Medicare?

Medicare provides a range of benefits for outpatient and inpatient care. But, an effort to prevent premature discharges from hospital stays has resulted in unintended consequences that can cost the patient thousands of dollars. We include information about this glitch in our Educational Workshops. NPR offers some even more detail. Some have found it effective to repeatedly insist on being admitted. A good reason to have a friend or relative as an advocate when going to the ER.

https://www.npr.org/sections/health-shots/2018/04/20/583338114/how-medicares-conflicting-hospitalization-rules-cost-me-thousands-of-dollars

 

We Continue To Move Forward!

The third round of the IPA planning meetings, March 27 and 28, was packed with more information, lots of choices and decisions, and a preview of what comes next. Action Pact will return the afternoon and evening of June 26 to present the Business Plan to all our Founders. We are planning to add a presentation for all others who are interested in what we are doing. We’ll post and send details soon.

Financial reality was one of the primary themes of this round. We explored the relative risks of different forms of financing this project. We dug into cost of building, maintaining, staffing. We enjoyed seeing and giving feedback on a possible design for a space that includes a dance/performance hall, eating and cooking area with smaller rooms for classes and other activities.

Straw polls showed us that the Founders attending those two days are currently willing to donate and/or invest enough to get us started building.

Are you wondering where we will build?

People often ask us: “Do you have land yet? Where will it be?” The size and type of land will depend on so many factors that it is premature to choose a location. We don’t yet know how much land is needed or how much we can afford. For example, the more people who commit to signing up, the more land we can afford and the lower our individual costs will be.

We aren’t waiting for the completion of the business plan by Action Pact to move forward on these crucial steps:
The board continues to consider optional names for our community. (Thanks for all your suggestions!)
Form a second corporation, suitable for accepting investments and developing the project.
Spread the word about what we are doing to attract more people. This may require hiring a marketing professional.
Find and hire an attorney to 1) draw up legal documents for those who want to invest in the land to get the project started and 2) to provide the non-binding letters of intent for those who plan to be the first to live there.
Raise more funds to pay for legal and marketing professionals. We have almost exhausted the funds donated for the business planning with Action Pact. We raised enough money to cover a number of expenses in addition to the IPA with Action Pact thanks to your generosity. Future expenses will be considerable for the legal and development aspect of the project.

We’ll keep you posted as we work to move us all forward toward our shared goals.

Bree Kalb
on behalf of the Board of TTMADRS

Progress Update

Startup Stock Photos

Our consultants from Action Pact joined a large group of Founders for our second round of planning meetings on February 27th and 28th. They gathered a lot of information from us, using small learning circles, polls, and large group discussion. It’s challenging to winnow out what people wish for versus what they absolutely need. It’s also interesting to ponder what one wants versus what one is willing and able to pay for. We never thought it would be easy or simple; now we are seeing in detail how complicated and multi-faceted this exciting process is.

The Board is reviewing all the data collected and putting it in some order to mesh with the analyses our consultants are doing back in their offices. We’ve begun a spreadsheet of all the parcels we know about. When we are clearer about how much land we need and can afford, we’ll engage an expert site locator.

One thing we know we need is more people! Our costs are lower when spread out over a large group, so we will soon be doing more marketing and outreach. Part of that includes changing our name to reflect our openness to anyone who would like to live with lovers of music, dance, and the arts, whether or not they actively engage in those activities. We are close to coming up with a nominee.

Soon we’ll begin another round of fundraising to replenish our bank account for the next steps of planning and implementing.

We’ll keep you posted. In the meantime, please spread the word about us to friends and family, both in person and via Facebook and other social media. Feel free to share links to our website and Facebook page. If you would like business cards and/or brochures, let us know by leaving a message here. Let’s keep the buzz going!

Triangle Traditional Music and Dance Retirement Society
https://www.facebook.com/dancingintoretirementnc/

Concert and Dance with Rip the Calico was a great success!

Many thinks to these fine musicians and to Stephen Stiebel for making his house available. We raised over $600 thanks to their generosity and that of all who attended.

 

Rip the Calico will play a concert from 7 – 8, followed by an hour of waltzing.

Sunday, March 4, 7:00 – 9:00 PM at Stephen Stiebel’s house, 3222 Henderson Field Rd., Mebane, NC 27302. Stephen’s beautiful home was designed especially for concerts and dances.

Rip the Calico has been playing to high acclaim for contra dances in Chapel Hill, Richmond, VA and Washington, D.C.  In addition, they are featured performers in the Pine Cone’s Music of the Carolina’s series. They specialize in high energy Irish traditional dance music, along with Cape Breton, French Canadian, Galician, Scottish, and original tunes.

$20 suggested donation. If you have any questions contact DeeDee Laurilliard at deedee.laurilliard@bellsouth.net or (919) 360-3681.

This is a benefit for Triangle Traditional Music and Dance Retirement Society

More information about the band at: http://www.facebook.com/RipTheCalico/

 

Summary of IPA Planning Sessions Jan, 2018

Our first round of IPA meetings were held Jan 30/31. 55 of our 74 Founders were able to attend. We’ll meet for the second round late in February.

Steve Shields (Action Pact) reviewed the integrated pre-feasibility analysis (IPA) process. The process will produce a detailed plan of the project including pro forma, budget, renderings, financial benchmarks, and a schedule.

Action Pact led us through complex discussions of various business model possibilities (for-profit, not-for-profit, self-owned land company, separate operating company, etc.) with the goal of helping us determine the best way to secure the funds we need to move forward.

We looked at photos and floor plans of Household Model residences that AP had done, with AP asking what we liked/didn’t like as we looked at them. They asked us to individually put together collages of photos (from magazines and websites) of interior and exterior design features that appeal to us, and to bring these to the next IPA session.

AP took several straw polls: Who would be ready to move in in 3 years? Who preferred and/or was willing to live in urban, suburban, or rural environment? Who wanted 3-bedroom/2-bedroom/1-bedroom/studio residences.

Based upon these discussions AP will come to the 2nd set of meetings in February with estimates to help answer questions of how many living units on how much land on what schedule will be required to fund “common amenities” including Household Model units and a community/dance facility. Possible phasing of types of living units (independent living, assisted, and skilled nursing care) will be addressed.

Our First Newsletter!

TTMADRS Newsletter v.3 jan2018

If you didn’t receive this via email, leave your name and email address in the Contact Us section and we’ll put you on our mailing list for future issues. Share this widely; we want to spread the word.  If you have a suggestion for a new name for us, leave your ideas in the Contact Us section.