Salisbury Association: Finances sound, Holley-illiams a worry

SALISBURY — The annual meeting of the Salisbury Association reviewed the organization’s activities and provided some hints of what’s in store for 2010.

President Dave Heck opened the meeting by noting that it was the 108th year of the association.

“I’m not sure if it’s the 108th meeting, however,� he said.

He praised the work of the association volunteers, notably Elaine and Lou Hecht, for their work in putting together the Natural Resource Inventory book, which is available at the Academy Building for $25.

Heck also mentioned that the association switched its insurance business to the Founders  Insurance Group in Lakeville.

John Arnold and Joel Cohen gave an overview of the association’s finances. Arnold said that the continuing cost of maintaining the Holley-Williams house — “an old house in need of repair� — is of concern. The group budgeted $16,000 for maintenance and repair last year and this year increased that to $22,000. The house, now almost completely empty, remains on the market.

Cohen said the association had a good return on its investments, with the portfolio up some 28 percent for a net gain of about $550,000. The Salisbury Association’s endowment is $2.94 million at present, Cohen said.

George Massey reported a change in policy, with the association’s land trust looking at smaller parcels of land for open space protection — especially those with road frontage.

“We want to avoid the suburban look,� he said.

The land trust also assisted the Massachusetts-based Trustees of Reservations in purchasing a conservation restriction on the 77-acre Shady Hill Farm; obtained a conservation restriction easement on 24 acres along Dugway Road; updated its Open Space Map (which can be viewed at Town Hall); funded environmental education programs at Salisbury Central School and removed invasive plants from Tory Hill and Dark Hollow.

Katherine Chilcoat reported that auctions of items from the Holley-Williams house since September 2008 have netted $104,000 so far.

Chilcoat said that two outbuildings at the property are full of old farm tools, and odds and ends, but will eventually get sorted out. Paintings of notables from Salisbury’s past are being evaluated for restoration, and will be displayed in the Academy Building on a rotating basis.

For more information on the association’s activities Heck referred to the association’s newsletter, which goes out to all postal patrons in town.

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