Your Resignation of Ownership form has been submitted to our Owner & Guest Services Manager. They will contact you directly should they require any additional information.

In accordance with the Co-op's Bylaws, "the share of the requesting owner shall be redeemed as soon as replacement capital has been received from other owners. A share shall also be redeemed as soon as practicable upon involuntary termination of ownership, upon death of the owner, and under other compelling circumstances as determined by the Board. Shares shall be redeemable at the lesser of their carrying value on the books of the Cooperative or their net book value. In the case of voluntary termination of ownership, a reasonable processing fee may be imposed, as determined by the Board. Reapplications for ownership after redemption shall be subject to full repayment of redemption proceeds and a reasonable reprocessing fee, if any, as determined by the Board."

The current processing fee is $10. 

Your resignation will be added to the list of any current outstanding resignations, which are refunded in the order in which they are received. The refundable portion of your ownership share, minus the processing fee, will be paid by check, mailed to the address indicated on your resignation form.

We sincerely appreciate the support you have given during your time as an owner of our local co-op. We hope you will consider investing your returned funds in another charitable organization within your local community.