A vibrant community hub in the heart of Little Italy

1 THE PIAZZA: VISION 3 THE PIAZZA TODAY 3 THE OPPORTUNITY 4 PROPERTY SPECIFICS 4 FOUNDING INVESTORS 6 FAQs 8 DISCLAIMER 11 CONTACT 12

2 THE PIAZZA THE PIAZZA VISION TODAY

Built in 1989, The Piazza is a single-storey 10,093 PIAZZA /pē′ätsə,pē′äzə/ SF free-standing retail mall on a 20,156 SF lot a public square or marketplace, on the corner of 95th Street and 108A Avenue especially in an Italian town. in the heart of Little Italy. The Piazza is currently 100% leased, with six tenants. The Piazza is directly across from Giovanni Caboto Park, magine a place where you can enjoy across the street from Zocalo and kiddy corner artisanal Italian gelato, a mug of locally- from Sorrentino’s and the Italian Centre Shop. I roasted coffee, where you can browse a great selection of hard-to-find wines, or meet These established “cornerstone” businesses up with friends for some -brewed bring people from all over Edmonton craft beer. Imagine sitting on a patio savouring into the area and give this culturally and western Canadian cuisine while watching ethnically diverse neighbourhood its distinctly the sun set over the trees and fountains cosmopolitan character. In addition, festivals of Edmonton’s premiere downtown park, such as the Viva Italia Festival and Heart of the Giovanni Caboto Park. City Music and Arts Festival bring thousands more Edmontonians into the area each year The Piazza will be a cornerstone of Little Italy, and reinforce the vibrant and eclectic flavour a downtown destination for all Edmontonians of Little Italy. looking for authentic, local engagement, a bustling hub of curated retail offering old- With upgrades to streetlights on 95th Street world charm with a contemporary urban vibe. in 2018, public art, a beautiful fountain in Giovanni Caboto Park, sidewalk cafés on mature tree-lined streets and beautiful flower pots hanging from every lamp post, THE PIAZZA is located at the very centre of an attractive, walkable shopping and dining district with a distinctly European vibe. 3 THE PROPERTY OPPORTUNITY SPECIFICS

We are keenly looking for community-minded Purchase Price: $2,860,000 investors interested in renewing this pivotal Appraised Value: $2,880,000 corner in a historic, vibrant part of north . Range of investments Property Type: Retail will vary, but the overall opportunity is $1M Property Subtype: Freestanding (about 34% of property value). Number of Storeys: One

As the investment vehicle is authorized under Lot Size: 20,156 SF the Income Tax Act, investments can be made Gross Leasable Area: 10,093 SF by way of cash and/or by transferring RRSP or Parking Ratio: 2.1/SF TFSA funds into a self-directed RRSP Year Built: 1989 or self-directed TFSA.

4 5 FOUNDING INVESTORS

Ken Bregenser Shafraaz Kaba Ken and his partner Miranda Ringma, have Shafraaz Kaba is an Integrated Project Delivery owned and Zocalo, a plant, flower and gift (IPD) expert and architect who thrives on gallery in Edmonton’s Little Italy for 16 years. facilitating problem solving of any kind that Zocalo was awarded the Small Business of is ecologically aware. Shafraaz facilitates the the Year Award from the Chamber creation of regenerative, net zero energy, of Commerce and the Business in Bloom and carbon neutral architecture using Lean Award from the City of Edmonton. Ken studied culture and design thinking. He brings together Communications at Simon Fraser University, is architects, engineers, trades, contracts and a past Board Member of the Chinatown Little clients to enable high performance results. Italy Business Association and a present Board member of Viva Italia District Association. Miranda Ringma A resident of McCauley for almost 30 years, Anna Bubel Miranda Ringma has run Zocalo—a garden, Anna Bubel has worked as a consultant for cafe and gift gallery in Little Italy—with her the past 25 years, focusing on community partner, Ken Bregenser for the last 16 years. economic development. She has won After completing her BA and MA (English/ the YWCA Woman of Distinction Award in Philosophy) at and a stint entrepreneurship as well as two awards from as a professor of philosophy, Miranda spent the Canadian Institute of Planners. Anna has a few years doing editing, writing and design extensive experience with new construction consulting work before opening their retail and renovation, including a number of small store. Zocalo was awarded the Small Business commercial properties and developing 14 of the Year Award from the Alberta Chamber of new duplex units in McCauley as co-owner Commerce and the Business in Bloom Award of A Better Lot. Anna Bubel has a Masters of from the City of Edmonton. Business Administration (2000), Masters of Community Economic Development (1999) Alayne Sinclair and a Masters of Environmental Design (1989). Alayne Sinclair, B.A, LLB is a retired municipal manager, a former member of the Law Society Jonathan Christenson of Alberta, and a former director of Public Jonathan is the artistic director of Catalyst Agency Appointments with the Government of Theatre and an award-winning international Alberta. She worked for the City of Edmonton playwright. He was instrumental in the in several roles including, City Clerk, Executive conversion of a disused warehouse into a 150- Director of the Office of the City Manager, seat black box theatre in and Acting Director of Operations, Director of in the renovation of the Maclab Theatre and Governance and Legislative Services, and lobby in downtown Edmonton. Jonathan was Executive Director of the Landlord and Tenant named one of “Alberta’s Fifty Most Influential Advisory Board. People” by Venture Magazine and Alberta Playwrights Network chose him as one of Alberta’s one hundred most significant theatre artists of the past one hundred years. 6 Teresa Spinelli disciplinary clinic located in the . Teresa grew up in her family business. Taking She obtained her Doctor of Chiropractic at it over in 2001 her vision of changing the Canadian Memorial Chiropractic College in business from a local grocery store to a Toronto, where she graduated Magna Cum major importer and distributor, in her first year Laude and was valedictorian for her year. Siân of Presidency, she grew the business to 12 sits on the Victoria School Foundation Board Million in sales. Today the company has gown of Directors. 8 times with 4 stores (located in Edmonton and ), over 500 employees and sales Edmonton Community exceeding 77 Million. Development Company The Edmonton Community Development Teresa is the President of Viva Italia District Company is a non-profit company owned Association, 2018 MacEwan University Allard by the Edmonton Community Foundation, Chair in Business, 10 years running in ’s the United Way of the Alberta Capital Region Top 100 Women Entrepreneurs as ranked by and Homeward Trust. The Edmonton CDC Profit Magazine. engages and collaborates with urban core neighborhoods to understand their needs Dr. Siân Williams and aspirations and to help build community Dr. Siân Williams is the owner of Alinio capacity to further their economic and Chiropractic, a newly-opened multi- social development.

7 FAQs

What is an investment co-op? How is the McCauley Development Cooperative governed? There are many different types of cooperatives in Alberta including financial institutions such The McCauley Development Cooperative as Credit Unions, retail stores such as Mountain is governed by a Board of Directors which Equipment Cooperative, housing co-ops like oversee the operations of the organization Sundance Housing Cooperative, natural gas and the property. cooperatives such as the Foothills Natural Gas Co-op and agriculture cooperatives such as As an investment cooperative, the McCauley UFA, one of Canada’s largest cooperatives. Development Cooperative operates democratically on a one-member, one-vote An investment cooperative is a for-profit basis, so that all members have equal voting business owned and governed by its power. All members must be investors and all members. Because an investment cooperative investors must be members in the McCauley is a for-profit business it can provide members Development Cooperative. with a return on their investment. By issuing investment shares, the McCauley Development Cooperative gives people the opportunity to If I become a member of the co-op, pool funds for investment opportunities that do I have to participate in meetings? benefit the local community. People can invest cash, transfer existing RRSP’s or TFSA’s into the As a member of the cooperative you have self directed RRSP’s or TFSA’s. the responsibility to vote at an Annual General meeting and we hope that you would vote during the election of the Board of Directors. Additional opportunities to vote include making major investment decisions.

8 If I become a member of the co-op, Can I use RIFs money for what else will be asked of me? this investment?

As a member of the cooperative you have Registered Income Funds (RIF’s) are not the responsibility to vote at an Annual General eligible for this investment opportunity. meeting and we hope that you would vote during the election of the Board of Directors. Additional opportunities to vote include How can I get my money out? making major investment decisions. Subject to the approval of the Board and subject to the Cooperatives Act, a member What happens to the property may withdraw their funds by giving 90 days’ on dissoluton? notice in writing of the intention to withdraw. A member who has withdrawn from In the event that McCauley Development membership shall not be entitled to the Cooperative members decide to liquidate redemption of any member investment shares, and close the Cooperative, the property will until repayment or redemption is permitted or be sold and, after liabilities are paid, net due, as provided by the Cooperative’s bylaws proceeds will be returned to members through and articles of incorporation. the redemption of investment shares and payment of any unpaid dividends. How soon can I get my money out?

How will the co-op decide what Investment shares can be redeemed after 5 happens to the property? years from the date of issue at the purchase of $1,000 per share plus unpaid dividends, The Board of Directors will raise major subject to any terms or conditions set out in decisions regarding the property with the bylaws. members who will have the opportunity to ask questions and vote on the decisions. Do members get to participate in the For day to day operations of the property, upside of the property development? the Board of Directors will contract a property manager. Investing in the McCauley Development Cooperative is an opportunity to own real estate and to receive dividends on investment Who will manage the property? in that real estate.

The Board of Directors will be issuing a request for proposals to local property management companies to find the best fit for the purposes required by the Cooperative. 9 10 DISCLAIMER

The information contained in this presentation achievements expressed or implied by those (the “Presentation”) is being provided for forward–looking statements and the forward- informational and discussion purposes only. looking statements are not guarantees of The information set forth herein does not future performance. Except as required by law, purport to be complete or all information that we disclaim any obligation to update or revise a recipient would deem relevant in analyzing any forward-looking statements, whether as a McCauley Development Cooperative (the result of new information, events or otherwise. “Cooperative”). The information contained No forward-looking statement or projections herein may not be reproduced, used or can be guaranteed. Accordingly, you should disclosed, in whole or in part, without the prior not place undue reliance on any forward- written consent of the Cooperative. looking statements or information. Certain information contained in this No representation or warranty, expressed Presentation constitutes “forward-looking or implied, is made as to the accuracy or statements”, which can be identified by the completeness of the information contained use of forward-looking terminology such as in this presentation. Certain information “may”, “will”, “should”, “expect”, “anticipate”, contained herein has been secured from “target”, “project”, “estimate”, “intend”, third party sources believed to be reliable, “outlook”, “continue”, or “believe”, or the but we make no representations or warranties negatives thereof or variations thereon or as to the accuracy of such information and comparable technology. Forward-looking therefore accept no liability. statements are necessarily based upon The Presentation is not, and under no a number of estimates and assumptions circumstances is to be construed as, a that, while considered reasonable by the prospectus, offering memorandum, or Cooperative, are inherently subject to business, advertisement or public offering of securities. economic and competitive uncertainties Offers to sell, or the solicitations of offers to and contingencies. Forward-looking buy, any security can only be made through statements involve known and unknown risks, official offering documents that contain uncertainties and other factors that may important information about the Cooperative cause actual financial results, performance or and an investment in its securities.

11 CONTACT INFORMATION

GENERAL INQUIRIES: [email protected] PROJECT INFORMATION: Edmontoncdc/mdc // @InvestMcCauley

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