VIEWLAND HOUSING CORP.
R.R.#1 * FALUN * ALBERTA * T0C 1H0 * CANADA
PHONE: (780) 352-7610 * FAX: (780) 665-6022 EMAIL: [email protected]
AUGUST 15 T H , 2 0 1 1
River Ridge Estates
INVESTOR PROPOSAL
Confidentiality : This document is the exclusive property of Viewland Housing Corp. This document contains proprietary and confidential information that shall not be reproduced in any manner or disclosed to or discussed with any other parties without the express written permission of Viewland Resorts Ltd. Information in this document is to be considered the intellectual property of Viewland in accordance with Canadian copyright law. This material reflects Viewland’s best judgment, in the light of the information available to it, at the time of preparation. Any use which a third party makes of this report, or any reliance on or decisions to be made based on it, are the responsibility of such third parties. Viewland accepts no responsibility for damages, if any, suffered by any third party as a result of decisions made or actions based on this report.
Viewland Housing Corp.
Table of Contents Highlights ......
Golf ......
Provincial Park ......
Hiking ......
Dining ......
Travel ......
Lake Experiences ......
Investment Term Sheet for Phase 1
Our Team ......
Construction Team ......
Accounting ......
Legal ......
Maps… ......
Richard Wilson’s Resume ......
Viewland Housing Corp. River Ridge Estates
“An Investment you can enjoy!” Highlights • Subdivision completed with 76 residential lots
• Exclusive location – road being paved from Highway 13 to entrance, great views along the Battle River, and entertainment from golf course.
• Limited Competition: The development across the road on the golf course is for recreation vehicles only.
• Mortgage free lots owned by Viewland Resorts
• Pigeon Lake attracts recreational users, early retirees, and young families making it a stable investment and growth area
• 18-hole Dorchester Golf Course directly across the street
• Potential growth available – Viewland Resorts owns the adjacent quarter sect ion which could be developed.
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Viewland Housing Corp. River Ridge Estates
Recreational Benefits Golf o Dorchester 18-hole course, directly across the road o Black Bull course 18-hole+9 hole executive, 5 minute drive o Willow Green 18-hole course, 15 minute drive o Golfing Enjoyment Wicked Witch 9-hold par 3 course, 10 minute drive o Mini Golf, 5 minute drive Provincial Park o Pigeon Lake is approximately 22km long and 11km wide. The park provides excellent fishing and bird watching opportunities with well-treed campsites and nearby services. o Lake Recreation
Relax at the Lake o Day Use Site
o Incredible Landscaping Over Night Campgrounds (Pigeon 293/43 powered & Zeiner 116/75 powered)
o 4 Group Use Sites
Hiking o Walk to Battle River, River Ridge Estates overlooks the pristine Battle River Valley o Pigeon Lake 12.9km of easy trails Great Walking Trails
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Viewland Housing Corp. River Ridge Estates
Dining o The Loft, Ma-Me-O Beach Buffet dining with spectacular view of Pigeon Lake o Paulines Lake front dining o Village Pizza Village at Pigeon Lake (VPL) o Black Bull Restaurant Shopping Activities: Dining overlooking a 18 hole golf course • Grocery Store with Pharmacy o Eco Café • Liquor Store Fine dining and outdoor seating • Bank • Doctor and Denture Clinic Travel • Gift Boutiques o 60 minutes to Leduc • Spa with 20+ staff o 45 minutes to Edmonton International Airport • Gym • o 5 minutes to Fire Hall and a 24-hour ALS Hotel ambulance • Gas Service Stations o 5 minutes from the Village at Pigeon Lake (shopping)
Lake Experiences o Pigeon Lake – 10 minute drive to recreational boating, beaching and fishing o Battle Lake – 15 minute drive to pristine fishing in a protected watershed area o Twin Lakes – 20 minute drive to fishing and diving
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Viewland Housing Corp. River Ridge Estates
Investment Term Sheet for Phase 1 Company: Viewland Housing Corp. (“Newco”), a newly formed Alberta corporation, indirectly owned by Rick and Rose Wilson
Project: Phase I – purchase of four (4) lots (Block 3, Lots 40-43) at River Ridge Estates near Pigeon Lake, Alberta (the “Phase I Lots”), construction of homes and sale of completed homes. The lots are presently owned by Viewland Resorts Riverfront Ltd. and would be purchased from it for an aggregate of $600,000 ($150,000 per lot).
Investment: $25,000 Note evidencing a loan to Newco, secured by the Phase I Lots purchased
Terms of Note: -Notes will mature on the full repayment of principal and accrued interest -pro-rata share of the principal plus any accrued interest shall be payable at the time each of the first three (3) homes is sold -balance of principal is repayable and accrued and unpaid interest is payable once the fourth (4th ) home has been sold -accrued interest on a Note will be calculated as follows: $ 25,000 x 75% of Newco’s revenues, less all $1,600,000 expenses related, directly or indirectly, to lot purchase and construction of homes on the Phase I Lots and all sale and other ancillary expenses, for each completed fiscal year -interest will be accrued and paid at the time of repayment of principal on the Note Aggregate Planned Note Offering for Phase I: $1,600,000 (64 Notes)
Note Subscription for Each Closing: $400,000 (16 Notes), with one (1) of the Phase I Lots to be purchased from Viewland Resorts Riverfront Ltd. following each closing
Note Purchase by Viewland Resorts
Riverfront Ltd.: Viewland Resorts Riverfront Ltd. plans to purchase at least one (1) Note of each closing and may potentially subscribe for additional Notes
Use of Proceeds from
Note Investments: Purchase of Phase I Lots, home construction and working capital for Newco
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Viewland Housing Corp. River Ridge Estates
Our Team
Richard D. Wilson - Developer
Rick has a proven track record in establishing and managing profitable businesses. Projects include management and hands-on experience in various construction fields including residential housing, heavy construction, excavation, and concrete. Rick also has management experience of large organizations, as he is active in local Government and is president of Viewland Resorts Ltd.
Clinton & June Boyda – Technology & Project Management
Extreme Management Solutions Inc. brings over a decade of IT expertise. Clinton was the Information Systems Supervisor for HERTZ Equipment Rentals and has held posts with IBM, TELUS and CompCanada – A Division of Multitech Electronics. June’s management skills are praised by the Condominium Corporation No. 0122324, Summer Village of Itaska Beach, and Town of Millet.
Areas of Expertise • Clinton: Research, Automation, Software Development & Implementation • June: Financial Operations, Municipal Law, Operational Management
Education • Clinton: Bachelor of Science (BSc), University of Alberta Psychology (Cognitive Science) / Computing Science • June: Local Government Certificate with Distinction, University of Alberta • June: Bachelor of Science (BSc), University of Alberta Specialization in Computing Science with Business Minor
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Viewland Housing Corp. River Ridge Estates
Construction Team
Dallas Humbke , Foreman
Dallas grew up on the family farm close to Wetaskiwin. He has been involved in construction all his working career. His company is active in residential and commercial construction. Dallas has an experienced crew and a full line of equipment. Dallas worked with Rick on the Sunset Harbour project, building several of the million dollar homes at the Marina on Pige on Lake.
Accounting
Israel Wasserman (C MA) , JDP Wasserman & Associates
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Viewland Housing Corp. River Ridge Estates
Legal
Douglas A. Ballou , Lawyer ( Partner in Edmonton )
Doug Ballou concentrates his practice on acquisitions, divestitures, debt and equity financing and private placements, bringing experience that extends to transactions valued at hundreds of millions of dollars. He is counsel to a broad range of clients in the oil & gas, mining, agribusiness and manufacturing sectors, and has assisted these clients in completing the purchase and sale of various facilities and businesses. A number of these transactions have been between purchasers and vendors with international operations and have related to sizable industrial sites. While he acts for a number of large publicly traded corporations, many of his clients are individual entrepreneurs and small to medium-sized enterprises.
Areas of Expertise • Corporate Finance & Securities • Mergers & Acquistions • Corporate Governance
Education & Qualifications • Alberta Bar (2006) • Saskatchewan Bar (1984) • LL.B. (Saskatchewan, 1983) • B. Comm. With Great Distinction (Saskatchewan, 1980)
Awards & Distinctions • One of Canada’s Leading 500 Lawyers – Lexpert/ American Lawyer Media (since 2010) • Selected as one of the Best Lawyers in Canada – Corporate Mid-Market (since 2008) • “Repeatedly Recommended” for Corporate Mid-Market, Corporate Commercial Law – Canadian Lexpert Legal Directory (since 2003) • Lexis-Nexis / Martindale-Hubbell – “BV Peer Review Rated”
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Viewland Housing Corp. River Ridge Estates
Maps…
Road Map of River Ridge Estates
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Viewland Housing Corp. River Ridge Estates
Satellite View of Development with Golf Course and Battle River
River Ridge Illustration
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Viewland Housing Corp. River Ridge Estates
River Ridge Estates Lot/Block Plan
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Viewland Housing Corp. River Ridge Estates
Richard Wilson ’s Resume
PROFESSIONAL EXPERIE NCE
2007-present Western Canadian Agriculture Debt Review Board Chairman
2006-present JAGR Land Developments Camrose, AB Treasurer JAGR Land Developments (Andrew, Gary, Richard)
A joint venture company currently doing several development and housing projects.
Currently completing a 48 lot housing development known as River Ridge Estates
2005-present Viewland Resorts Ltd. Pigeon Lake,AB President Created a 76 lot resort subdivision overlooking Battle River in Alberta
Currently completing the project and marketing lots
2002-2003 Westview Health Region Public Administrator
Established regionalization plan for a smooth merger with the Aspen and Capital Health Re gions Restructured budget to make region more efficient to meet Alberta Health’s mandate for a balanced budget
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Viewland Housing Corp. River Ridge Estates
2000- 2007 Eco Waste Water Management President Established Eco Waste Water Management to Build and maintain water and waste water facilities at Sunset Harbour
1998-2008 Sunset Harbour Developments Pigeon Lake, AB President Visionary in creating the lakefront and marina community Surpassed all expectations in reference to environment regulations
1997-Present Chamber of Commerce Active Member Established the Pigeon Lake Regional Annual Hole-In-One golf tournament, and current Chairman of the golf committee
1996-2003 Crossroads Regional Health Authority Chairman of the Board Through established, trusted relationships, Crossroads was able to extend its resources by doing partnership programs with various organizations
One of the few regions that successfully balanced its budget every year from inception
Served on various committees including Council of Chairs, the Legislative Review Committee for the Public Health Authority Association
Known as the “little region that could” 1993-1998 Wetaskiwin Regional School Board Wetaskiwin, AB Vice Chair Served five years as a board member, three years as vice chair on the school board. Initiated and successfully raised funds for construction of new schools in our division
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Viewland Housing Corp. River Ridge Estates
1992-2007 Councillor at County of Wetaskiwin Wetaskiwin, AB Councillor Served as Deputy Reeve of the County Served as Vice Chair of the Agriculture Service Board Received 15 year pin for service as County Councillor Served on many committees, including the newly established joint economic development initiative board, planning and development committee, agricultural service board, and North-East Pigeon Lake Sewer commission Constantly striving to create a vision for a safe, and vibrant community
1988-1991 R& R Automotive Ma-Me O Beach, AB Owner & Manager Efficiently operated a full service automotive centre Tripled profit margins over a three year period 1985-1991 Rick’s Construction and Rick’s Backhoe Service Falun, AB Owner & Manager Established and profitably operated construction companies
1981-1985 Hussey Construction Falun, AB Journeyman Carpenter Apprenticed as a journeyman carpenter
1976-1981 Ber-Zel Building Materials Pigeon Lake, AB Assistant Manager Shareholder and assistant Manager of a building and hardware supplies store
CERTIFICATIONS Journeyman Carpenter (Northern Alberta Institute of Technology)
Business Certificate (Northern Alberta Institute of Technology)
Powder Activated Tools Certificate
Community Economic Development (Economic Development of Alberta)
Marriage Commissioner
Inter Nachi Certified Home Inspector
Certified Ozone Technician and Mold Inspector
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