Regarding the conversation about the Pine St. property becoming the town Community Center.   Here is a draft budget that I have worked up with the additions of a half dozen other people. It is not perfect and there are some unknown numbers.   But some numbers are avaialble.  I will present the budget at the town meeting on Monday evening for discussion
This budget will help us in the discussion Monday evening about the future of the Pine St. property.  
You may think of changes or additions…this is a working document so additional information is welcome.
See you at the town meeting.
Torkin Wakefield

torkinw@nullgmail.com

Draft Budget for Pine Street House to Become a Community Center

Phase 1:   Purchase and Upgrades

There would be a one year time frame given by current owner, Friends of  Gold Hill

Sale Price:                 $260,000

Repairs

            Roof,           $12,300
            Septic           30,000 – $35,000  
            Electrical      20,000
            Rennovatons 10,000 – 15,000  (this is a guess and will have to include bringing the building to                                                 code regulations  This does not include any extensive                                                               remodeling.)

Total:  $332,000 – 342,000

Discussion:

How would we raise this money?   Who would be in charge?  A volunteer, a committee, the mayor?

What sources of money have we identified?

Phase 2:  Yearly expenses

Insurance               1,200   (because this is a public space the insurance could be a lot more)
Taxes                  1,181
Upkeep, repairs       500    (this is a guess snf msy be loo low for an old house)
Heat                         500    (this is a guess)
Electricity             300    (this is a guess)
Admin/cleaning    2,400     (I know that someone will habe to sbe scheduling, cleaning, keeping the key                              etc  This is $200/month)

Supplies                120       Based on $10/mont – would include things like toilet paper, soap, light                                                 bulbs, etc

Unexpected               ?

Total :             $ 6241 

This comes to a little over $500 per month with no unexpected expenditures

One time costs: (no numbers guessed)

 Furnishings:  $ ?  (some donations are possible and some items will probably have to be purchased)

Safety :    $ ?   (locks, fire extinguishers, signage, fire and ozone detectors, regulations to meet etc)

Income:

Discussion:

 Who would be in charge of raising these on-going expenses?  The mayor?  the treasurer?  A community center committee?

How will we  raise in excess of $6000 per year?

Ideas:

              Hold an Annual fundraising event similar to the one the museum holds. 

• Write Grants – possibilities for this with the community foundation, the county and the state. Other local private foundations. 
• Charge a Facility fee for trainings, classes, work space use, and other events 
• Request Donations associated with activities such as the recent Columbia giveaway 

Have we identified any funds that might be available for this project?

What are the consequences if we can not raise the money?