Welcome to Holliday Park
Holliday Park Cooperative is a unique and vital community! Centrally located in Westland, in western Wayne County, it is made up of 694 units which are surrounded on two and a half sides by part of the large, lush and beautiful William P. Holliday Nature Preserve. We are within easy access to a number of the metro area’s major highways, and are about 20 miles from downtown Detroit, and 10 miles from Detroit Metropolitan Airport. Ann Arbor, Plymouth, Northville, and Dearborn are just a short distance away.
The whole concept of co-operative living is a coupling of economical living, friendship, and volunteerism. Holliday Park affords its members not only a chance to pick from a variety of floor plans, both two and single story units, for a modest amount of carrying charges, after qualifying; but also, a lifestyle which is interesting and challenging. There are many social clubs to join such as the Golf Club, Euchre, Texas Hold ‘Em Card Club, Movie Night, Travel Club, and so much more. Holliday Park members are encouraged to participate in the Neighborhood Watch Night Patrol, as well as, other integral committees that assist with the function of the co-op, such as the Membership Committee, Improvements Committee, Traffic and Safety, and Neighborhood Watch.
We have one of the community’s largest swimming pools here at Holliday Park, and we offer water aerobics, as well as swimming lessons for kids and grandkids, and open swimming hours. Tennis courts are available for your enjoyment, as well. Annual Events such as the Summer Pool Party, Walk- About Yard Sale, and the Christmas Party, are always well attended, and a great success. New activities are being initiated continuously throughout the year.
WHAT IS A COOPERATIVE?
It is a non-profit, community way of living that provides for residents to join together for their mutual benefit. As a non-profit Corporation, shares are sold which are equal to the number of units on the property. These shares are sold, individually, to qualified applicants, who then, in turn, become members of the Cooperative through this share purchase.
Holliday Park is governed by an elected Board of Directors who determine the rights and responsibilities of the members. The By-Laws define the corporation’s functioning. The decisive elements in making the cooperative work are the willingness of all members to comply with the rules and policies that have been established by the Board of Directors; and member volunteerism, which keeps the carrying charges very reasonable.
Upon buying a share of the cooperative, the member gives consent to an Occupancy Agreement and receives the right to inhabit a unit of the cooperative. The monthly carrying-charge for each member is determined by the required yearly budget which incorporates operating funds, taxes, and insurances, as well as emergency reserves mandated in the By-Laws.
The purchase of a share in the corporation is on a cash basis. The purchase amount is determined by the equity established in the individual unit being considered. Purchase/sale takes place between the seller and buyer, with the corporation acting as facilitator. There is no guarantee of receiving a specified sale price, in the event of sale; in the past, however, equity in each unit has continued to rise gradually.