This Co-op thing is a wonderful idea, Mr. SG. No need for me to say that I am in.
But couple of things:
1) Why not 5 or 10 years instead of 1. And why disband it? Both questions, rather, should be decided by putting to vote among the intererted people, willing to be the members before the leg-work starts.
2) The leg work thing. What would that entail? Who among us gonna do that?How will that be decided? I think, if anytime this co-op idea gets the wings, all these questions should be clearly answered, and there should be volunteers with expertise relevent to the leg-work required.