Cost

Minimum Share Price $5k

Business Plan

Ltd. Partnership Corp.

Risk

Land Appraisal and Due Diligence

Time Line

The Process

★★★★★

We need our members to invest a sizeable sum to make this a reality!

Co-Chairs | Business Steering Committee

We need you to act fast and responsibly.

The timeline we are working with is short; however, we are doing everything to ensure that due diligence is being followed to make a responsible purchase.

Investor Commitment Form: Please complete this form. Once completed, you will receive legal documentation with transfer details from our law firm.

We are here!


Seeking Investors

We are currently seeking investors to purchase the Quinn Lake Property.

See the benefits of becoming a Limited Partner in the table below.

May 8


Property is Listed

The property will be listed publicly on May 8th at $ 4.99 million.

A land appraisal is being conducted and will become available around May 6th.

Due diligence is being followed to ensure that the community’s bid is both competitive and reasonable.

May 20


Fundraising Ends

Whatever funds we have raised from investors by this date, and the results of the land appraisal (fair market value), will determine our bid.

May 28


Bids are Considered

The QLC Co-Chairs will work with our lawyer and realtor to create an offer on behalf of the community. News of our bid will be shared with the community in 48 hours.

Once you buy a share, you become a voting member in the Limited Partnership Corporation that will lease the land to a non-profit organization to be formed by the Limited Partners to run the Quinn Lake Campground.

Donations

Our GoFundMe page was established for donations.

Donate

Donations:

Pays Legal Fees

Cover the Land Appraisal

Support the Land Purchase

Minimum Investment

Allows a low-level entry for investors.

$5k

/minimum

Includes:

Limited Partnership Status

Voting Partner

Eligible Board Member Ltd. Corp.

Eligible Board Member NFP

Recommended Investment

If each member invested this amount, we would achieve our goal.

$15k

/recommended

Includes:

Limited Partnership Status

Voting Partner

Eligible Board Member Ltd. Corp.

Eligible Board Member NFP

Possible Campsite Benefits

Sought After Investment

We need those who can to invest generously.

$25 upward

/sought after

Limited Partner Status

Strong Voting Partner

Eligible Board Member Ltd. Corp

Eligible Board Member NFP Campground

Possible Campsite Benefits

Investor Commitment Form: Please complete this form. Once completed, you will receive legal documentation with transfer details from our law firm.

The Investment Process

The Investment Process

Investors put forward 100% of their funds, which are held in a trust account until such time as a bid for the property is made.

25% of investors’ funds are put forward as a deposit when the bid is made.

The remaining 75% of funds are dedicated to the land purchase if the bid is successful. If not, investors each receive a 100% refund.

If the bid is successful, a corporation in the form of a Limited Partnership will be established, with the investors as shareholders.

The Business Model

Rights and Responsibilities of Shareholders

Limited Partner shareholders will be eligible to sit on the Board of Directors of the Limited Partnership Corporation.

Limited Partners will have voting rights.

Limited Partners will be responsible for creating a non-profit organization with its own board of directors to run a campsite on the property.

The Limited Partnership will lease the property to the NFP for this purpose.

In return, the NFP will cover the costs of running the campsite, property taxes, insurance, and the lease (which will cover any Limited Partner Expenses).

Limited Partner will have the right to buy and sell shares.

Shares will need to be held for a number of years (as decided upon by the Limited Partners in the Limited Partnership Agreement).

Shares can be sold as per the Limited Partnership agreement to: the NFP, other members and the public.

Shares can be inherited.

Shares can be gifted.

Shareholders are limited in liability as per their investment amount to minimize any expenses that could arise from the NFP’s failure to cover its lease.

Limited Partners may enjoy member benefits at the campsite as determined by the NFP organization. (Which Ltd. Partners will create.)

Investor Commitment Form: Please complete this form. Once completed, you will receive legal documentation with transfer details from our law firm.

The Non-For-Profit Organization:

Vision: To preserve Quinn Lake as a safe, inclusive, nature-based campground operated by a Not-for-Profit and protected by a Limited Partnership of values-aligned investors. This ensures long-term access for families, children of all abilities, and the intergenerational community who helped build it.

Safety: As a campground frequented by teachers and their families, there is comfort in knowing that members have undergone an annual police check.

Campers have a close-knit community where everyone keeps a caring eye on their fellow campers.

Inclusivity: The campsite is accessible and open to all. The community provides electrical sites near ablutions for those who need to be accommodated. Diversity and inclusion are important pillars of the Quinn Lake Community.

Nature-Based: Campers view themselves as stewards of the land. No motorboat access is permitted on the lake. The sounds of nature are respected, and noise levels are respected.

Governance:

The Organization will be established by the limited partners and run as much as possible in accordance with the way that it has been in the past, while the organization finds its feet. A period of roughly two years.

Limited Partners will establish the organization and lease the land for use as a campsite.

The NFP will have its own board of directors and voting members.

The NFP will be responsible for honouring all terms stipulated in the lease agreement, as well as covering all costs associated with running a public campsite.

The NFP will endeavour to buy shares, with the aim of becoming the land owner over time.

Summary Investors Doc.

A PDF summary of the information presented here can be downloaded and shared with others.

Business Structure Visual

A PDF visual of the business structure that outlines the roles of each level of the organization.

Timeline Visual

A PDF visual of the important dates leading up to the land purchase.

Videos of Past Presentations

Past community town halls and video presentations outline the business plan and respond to questions from community members. Guests include David Kirwin (Lawyer), Mark Pehal (Land Appraiser), and comments from Pat Ward (Realtor).

Video 1 | Video 2

How to contact us?

Email: quinnlakecommunity@gmail.com

Shareable Links | Social Media

A downloadable document of useful links that can be shared with others. ie. A link to this page, resources, etc.