Fairfield Harbour property owners are worried. Will the POA secure an affordable loan? Will Jack Shaw have his way with Fairfield Harbour – to our detriment? What can we property owners do?
While the BOD continues to search for funding, some Fairfield property owners have decided to help.
The first, a project managed by Maury Thompson, seeks property owners for an initiative which will earn them 5.8% interest per year for the next ten years. The type of partnership the project is in the process of forming limits the number of the non-accredited to 35; there is no limit to the number of accredited partners. How does one qualify to be an accredited partner? One must have a net worth (minus primary home value) of $1M, OR report $200,000 taxable income ($300,000 for a couple). Maury’s project has reported significant progress toward its goal of being able to raise the $2,750,000 it needs to secure the 385 acres.
A second project, called Sponsor an Acre, seeks monetary gifts from Fairfield property owners toward the $2,750,000 purchase price. Although Sponsor an Acre hopes for a gift of $7500, enough to sponsor one of the 385 endangered acres, it welcomes gifts of any amount. It doesn’t require a net worth of a specified amount. It offers no interest, and no tax deduction. It simply offers all property owners, regardless of income, an opportunity to join the fight to save our community, and an opportunity to help save our property values.
Whatever funds Sponsor an Acre raises will be donated to the POA for the purchase and resurrection of the 385 acres.
So choose one, or the other, or choose both, but please join with our community to save our community, and our property values, before it’s too late.
Your FACTS Reporter