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<DIV><FONT face=Arial size=2>
<DIV><FONT face=Arial size=2>I wonder if the old Co-op space could be used for
assisting some of the school facilities issues. They have said that they
need more space to keep the school in its present, central, downtown
location. And now a space just a block away is opening up. I wonder
if the old Co-op, for example could be used for the alternative high school or
school offices, or the parking lot could be used for some of the parking they
need.....just a thought.....</FONT></DIV>
<DIV><FONT face=Arial size=2>JW </FONT></DIV></FONT></DIV>
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=london@moscow.com href="mailto:london@moscow.com">Bill London</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=vision2020@moscow.com
href="mailto:vision2020@moscow.com">vision2020@moscow.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Cc:</B> <A title=mcaboard@moscow.com
href="mailto:mcaboard@moscow.com">mcaboard</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, January 21, 2005 9:45
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [Vision2020] Food Co-op is
moving</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><FONT
size=3><FONT face="Times New Roman"><SPAN
style="mso-bidi-font-size: 12.0pt">In August, the Moscow Food Co-op will move
to a new location, the former Safeway grocery store at Fifth and
</SPAN><st1:State><st1:place><SPAN
style="mso-bidi-font-size: 12.0pt">Washington</SPAN></st1:place></st1:State><SPAN
style="mso-bidi-font-size: 12.0pt"> streets in
</SPAN><st1:City><st1:place><SPAN
style="mso-bidi-font-size: 12.0pt">Moscow</SPAN></st1:place></st1:City><SPAN
style="mso-bidi-font-size: 12.0pt"> that most recently housed the Gart’s
sporting goods business, according to Co-op General Manager Kenna
Eaton.<o:p></o:p></SPAN></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN
style="mso-bidi-font-size: 12.0pt"><FONT size=3><FONT
face="Times New Roman"><SPAN
style="mso-tab-count: 1">
</SPAN>The costs associated with the move, including major renovation of the
building, new equipment and products, are expected to total about $1 million,
Eaton said.<SPAN style="mso-spacerun: yes"> </SPAN>The financing will
come in the form of funds already saved by the Co-op ($100,000), a loan from a
local bank ($400,000), a loan from Clearwater Economic Development Assn
($150,000), and loans from Co-op members ($350,000). <SPAN
style="mso-spacerun: yes"> </SPAN>The Co-op board of directors has
signed a renewable 15-year lease with property owner Beth
Kenworthy.<o:p></o:p></FONT></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN
style="mso-bidi-font-size: 12.0pt"><FONT size=3><FONT
face="Times New Roman"><SPAN
style="mso-tab-count: 1">
</SPAN>The bank financing has been secured and the Co-op has begun a community
loan program to raise the $350,000 in loans from local individuals and
families.<SPAN style="mso-spacerun: yes"> </SPAN>Former Co-op general
manager MaryJo Knowles will coordinate the community loan program with the
goal of raising not only $350,000 in loans, but also donations and
paid-in-full memberships of approximately
$15,000.<o:p></o:p></FONT></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=3><FONT
face="Times New Roman"><SPAN style="mso-bidi-font-size: 12.0pt"><SPAN
style="mso-tab-count: 1">
</SPAN>A similar community loan program made the last Moscow Food Co-op move
possible, Knowles said.<SPAN style="mso-spacerun: yes"> </SPAN>In the
fall of 1998, the Co-op raised $77,000 in loans and $6,000 in donations to
move the business to its existing location at
</SPAN><st1:Street><st1:address><SPAN style="mso-bidi-font-size: 12.0pt">221
East Third Street</SPAN></st1:address></st1:Street><SPAN
style="mso-bidi-font-size: 12.0pt">.<SPAN style="mso-spacerun: yes">
</SPAN>All those loans were repaid in full.<SPAN
style="mso-spacerun: yes"> </SPAN>The Co-op’s annual sales were about
$1million in 1998.<SPAN style="mso-spacerun: yes"> </SPAN>Following the
move to the present location, annual sales increased to the present level of
about $3 million. <SPAN style="mso-spacerun: yes"> </SPAN>The Moscow Food
Co-op now has approximately 3,000 members.<o:p></o:p></SPAN></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN
style="mso-bidi-font-size: 12.0pt"><FONT size=3><FONT
face="Times New Roman"><SPAN
style="mso-tab-count: 1">
</SPAN>For this move, loans will earn annual interest levels of four to six
percent, depending on the amount loaned.<o:p></o:p></FONT></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN
style="mso-bidi-font-size: 12.0pt"><FONT size=3><FONT
face="Times New Roman"><SPAN
style="mso-tab-count: 1">
</SPAN>“The Co-op has a great track record of both growth and repaying these
member loans,” Knowles said.<SPAN style="mso-spacerun: yes"> </SPAN>“We
are all certain that this community will continue to support the Moscow Food
Co-op.”<o:p></o:p></FONT></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=3><FONT
face="Times New Roman"><SPAN style="mso-bidi-font-size: 12.0pt"><SPAN
style="mso-tab-count: 1">
</SPAN>The Co-op has become an anchor store for downtown, bringing people to
downtown </SPAN><st1:City><st1:place><SPAN
style="mso-bidi-font-size: 12.0pt">Moscow</SPAN></st1:place></st1:City><SPAN
style="mso-bidi-font-size: 12.0pt"> and keeping the retail area vibrant and
alive.<SPAN style="mso-spacerun: yes"> </SPAN>A recent Latah Economic
Development Council survey that found that year-round the Co-op is the
number-one reason shoppers visit downtown </SPAN><st1:City><st1:place><SPAN
style="mso-bidi-font-size: 12.0pt">Moscow</SPAN></st1:place></st1:City><SPAN
style="mso-bidi-font-size: 12.0pt">. <o:p></o:p></SPAN></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN
style="mso-bidi-font-size: 12.0pt"><FONT size=3><FONT
face="Times New Roman"><SPAN
style="mso-tab-count: 1">
</SPAN>The Co-op has also built a network of local organic growers who provide
fresh produce and other products, sells quality deli and bakery foods made
on-site, and has an experienced staff, knowledgeable about natural
foods.<o:p></o:p></FONT></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=3><FONT
face="Times New Roman"><SPAN style="mso-bidi-font-size: 12.0pt"><SPAN
style="mso-tab-count: 1">
</SPAN>The Co-op will begin demolition and renovation in February at the new
site at </SPAN><st1:Street><st1:address><SPAN
style="mso-bidi-font-size: 12.0pt">105 East Fifth
Street</SPAN></st1:address></st1:Street><SPAN
style="mso-bidi-font-size: 12.0pt">.<SPAN style="mso-spacerun: yes">
</SPAN>That building began as a Safeway in 1960 and then in 1978 became a
sporting goods store. <SPAN style="mso-spacerun: yes"> </SPAN>The
building, with 15,000 square feet, is twice the size of the Co-op’s current
location.<SPAN style="mso-spacerun: yes">
</SPAN><o:p></o:p></SPAN></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><SPAN
style="mso-bidi-font-size: 12.0pt"><FONT size=3><FONT
face="Times New Roman">At the new store, the Co-op is considering adding sales
of fresh natural meats as well as fresh-ground flour, expanding the Co-op Deli
seating area with the inclusion of a small stage for performances as well as
expanded wall space for art exhibits, and increasing the size of all sales
departments. <o:p></o:p></FONT></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><SPAN
style="mso-bidi-font-size: 12.0pt; mso-bidi-font-weight: normal"><FONT
face="Times New Roman" size=3>For more information about the loan program,
contact MaryJo Knowles at 882-0251 or </FONT><A
href="mailto:maryjoknowles@msn.com"><SPAN
style="COLOR: windowtext; TEXT-DECORATION: none; text-underline: none"><FONT
face="Times New Roman" size=3>maryjoknowles@msn.com</FONT></SPAN></A><FONT
size=3><FONT face="Times New Roman">.<o:p></o:p></FONT></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN
style="mso-bidi-font-size: 12.0pt"><o:p><FONT face="Times New Roman"
size=3> </FONT></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN
style="mso-bidi-font-size: 12.0pt"><o:p><FONT face="Times New Roman"
size=3> </FONT></o:p></SPAN></P></FONT></DIV>
<P>
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