Caught Between a Rock and a Hard Place
The board sets a new plan for maintenance and upkeep of the community, and how we’re going to pay for it. What do you do when the bill comes due, but you don’t have enough money in the bank to pay it? If you’re like most families, you turn to savings. That’s what the Farmcolony Board of Directors has done in past years when our quarterly dues did not fully cover our costs of operation. They turned to the reserve funds to cover the shortfalls, until there were no reserve funds left. Our historical record compiled by Farmcolony Historian Deborah Lee tells the story. Throughout its first quarter century, Farmcolony slowly evolved as a self-sufficient farm relying mostly on cattle and hay sales for revenue. A long list of…