Welcome to EELS Ventures INC.
EELS Ventures Inc. is a licensed high rise residential and commercial framing company with 52 years hands on experience۔
At this time EELs is Interested in a future land subdivision in the desirable Fort Langley area. This is a 91 acre ALR land which is proposed to be subdivided into 19 parcels. Each parcel would be 4.2 acres, approximately, after road allowances. This future subdivision is expected to take 10 years before sub-dividing. There is no guarantee that municipal will allow this. The purchase price allows for this consideration. It is EELS expectation, that this will be allowed and allow 19 hobby farmers to enjoy country Living.
Parcels Detail $840,000 Each
In the event that present owner of 4.2 acre parcel wants to sell, he/she will receive 5% more than what was paid after 10 years. If sold before 10 years, owners agree to receive same price as was paid for the parcel land on the same terms that was bought. [A), B), C), payment arrangements]
Note: Buyer of parcels in this land partnership must make absolutely sure that full purchase price is definitely arrange before putting and money down. Any and all down payment money's ($100,000) are not refundable. These monies are used for surveying road work and conveniences, etc.
So down payments will be in two parts:
- $6,800 now 30 day buy option
- $93,200 within 60 day (from start date) Full down payment
It must be emphasized that all financing for this land partnership ownership be in place before participating. Full purchase price of 4.2 acre interest is $840,000 with $100.000 down. After non refundable A) $6,800 + B) $93,200 has been received balance of $740,000 is due in full within 6 months. This parcel agreement purchased will be terminated if remaining $740,000 is not paid then that parcel will again go up for sale. All of these agreements must be enforced and no amount of legal maneuvering will undo these agreements.
Payment Plan
All monies will go into a trust account for full transparency. It is agreed by all that Mike Jackman only has control of this trust account.
If you don’t agree or like this please do not participate.
All money except for the $6800 will be held for a period of 6 months and that time will be released for necessary improvements on the land. Early released money will be used by Mike Jackman for conveniences and venture related expenses.
Note:
Land Purchase taxes and PST is expected to be $121,272/18 = $6,737.00 per parcel.
After purchase, your portion of taxes will be approximately $6,737*10 = $67,373.00 and you are asked to agree to pay $67,373.00 on all land interest purchase so land application can go to the municipal planning department debt free. This $6,737.00 yearly will be agreed to be payable to EELS each year and can be monthly if wished.
Note: You should have a Realtor advise you of your rights and a lawyer represent your interests. This will provide a clear, confident investment venture for you. EELs will not pay any Realtor fees or legal fees.
Ideally, EELs will take the contact number and when all 18 parcels are committed to and monies are secured by purchases, EELs will arrange trust account to accept a down payment. Then due to COVID gathering restrictions, 6 groups of 3 buyers at a time to deposit down payments into trust account.
All monies will travel through trust account from down payments all the way to full purchase amount. Clearly stated all 18 participants will pay $840,000 to trust account. This acquisition will flow through EELs ventures on a shareholder basis of EELs for ease and comfort of this 10 year partnership.