September, 2021
Dear New Elm Lot Owners;
Hoping this note finds everyone well. This note brings an update about our road since June 2020.
Last year’s (2020) work finished the gap around the hill and the new road surface is continuous. We seem to have won our beaver battle and the pond has not over-flowed the road since last spring. Last year (2020 summer) we over-spent our bank for that stretch around the hill and Bob loaned $3200. to the road to cover that; we’ll catch that up over the next couple of years.
This year we did not plan any major road work. For those who contribute annually we will appreciate your contributions this year of course. Our historical annual contribution of $400. or biannual (double) contribution of $800. per lot per year has enabled the work done so far. We are looking forward to a double contribution year next year and planning to begin at the outer end of the new sections and run until the money runs out.
Our voluntary arrangement has worked well. Some have asked about contributing for this year and at least one person has already. Please tell Ian or Bob when you deposit in our account just so we can keep track of who contributed because the bank statement doesn't say. We keep all un-spent contributions in the bank ($1189.34 today) which neither earns interest nor incurs fees. There are now 16 of us owning 17 lots between us. We are all in this together and voluntarily.
Bank account is the same as last time (2018):
Scotiabank: LAHAVE STREET, PO BOX 400 BRIDGEWATER NOVA SCOTIA B4V 2X6
Your account number: 71613 04928 25
Account holder: Robert Allan and Ian Goldsmith (ITF New Elm Estates Lot Owners Road).
Reporting our contribution and costs for 2020 and 2021 to date:
|
2020 Open Balance |
$729.93 |
|
2020 Contribution |
$9,906.40 |
|
2020 Loan (Bob) |
$3,200.00 |
|
2020 Costs |
-$12,946.99 |
|
2020 Close Balance |
$889.34 |
|
And for 2021 to Date |
|
|
2021 Open Balance |
$889.34 |
|
2021 Contribution to Date |
$300.00 |
|
2021-09-03 Balance |
$1,189.34 |
Finally, you may have noticed some new shale on the inner most end of the New Elm Estates Road and on down toward Mint Brook. I know Bob told some who asked that we weren’t doing anything on the road this year, but that little project sort of grew from a couple loads of gravel in the potholes to a larger job. That work was done at cost shared by six of the folks along that stretch, five sharing the $2450. for the shale and Ian Goldsmith on the mini excavator. Thanks to all those folks for their extra effort.
As always, we’re in it together so please tell us your suggestions on how or what we should do together.
Bob Allan and Ian Goldsmith
