To all Greenfield Farm Residents: There is a public Town Council meeting going to be held on Wednesday, September 28th, at 7pm at BCTV @ 10 Meetinghouse Road, Bedford NH, regarding a proposed increase in sewer rates for 2023 – 2025. Residents whose sewer water goes to Merrimack (Greenfield Farms included) are charged a flat rate which is currently $96.47/quarter. This rate has not increased since 2014. That rate is proposed to increase 40% in 2023, 15% in 2024 and 15% in 2025 as a result of increasing costs being passed to Bedford from Merrimack resulting in expenses increasing faster than revenue AND an inequity in how metered residents whose sewer water goes to Manchester are charged vs. flat rate residents whose sewer water goes to Merrimack. I encourage any of you who wish to have more information on this topic as well as an opportunity to ask questions and voice concerns to attend this meeting.

SAVE THE DATE FOR ANNUAL GREENFIELD FARMS NEIGHBORHOOD YARD SALE

SATURDAY JUNE 11, 2022 8:00 AM – 12:00 PM NOON

Greenfield Farms HOA, Executive Board Meeting, December 13, 2021

President, Steve Gately called the meeting to order at 6:34 pm

Treasurer, Nicole Faxon presented the 2022 Budget with the recommendation for a dues increase to cover expenses for 2022.

President, Steve Gately
1- Clarified the expenses in the budget and each director’s opinion to increase dues or leave the amount unchanged for 2022.  Mr. Gately made motion to increase dues from $435 to $455
2- Landscape Director, Dave Faxon then 2^nd the motion
3- Discussions followed, at the end of discussions, votes are taken
4- The motion passes unanimously

MOTION TO INCREASE ANNUAL CAPITAL RESERVES BUILD UP AND HOA DUES
Increase annual dues by $20 to cover inflationary pressures and prevent deficit spending.
219 Lots paying $455 will provide an annual operating budget of $99,645.

MOTION
Approve 2022 Budget with an annual dues increase to $455/year and allocate the $20 increase of $4,380/year to the Capital Reserve Account 7740

GREENFIELD FARMS HOMEOWNERS ASSOCIATION 2022 BUDGET
4050 – Administration                                   1,500.
4070 – Bad debt/Write off                                    0.
4100 – PO Box Fee                                               200.
4110 – Buffer / Contingency                                  0.
4190 – Legal                                                         5,000.
4240 – Management Fee                                7,000.
4275 – Misc. Expense                                               0.
4610 – Insurance                                               2,500.
4910 – Taxes                                                           400.
5010 – Cable / Internet                                       350.
5510 – Maintenance                                        2,000.
6820 – Landscape                                                      0.
6825 – Landscape Contract                           73,426.
7740 – Capital Reserve Build Up                    7,269.      
OPERATING EXPENSE                                  $99,645.
2022 ANNUAL HOA DUES             455.

Meeting Adjourned 7:44 PM
Danny Dodd, Secretary, Greenfield Farms HOA
December 14, 2022