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Board informed of Holcomb Farm Trust and Fox Fund transfers; town not funding Holcomb work
Summary
Officials told the Board of Finance that Holcomb Farm capital repairs and parking‑lot paving — $50,000 and $85,000 respectively — are funded from the private Holcomb Farm Trust, not town taxpayer funds; a $60,000 Fox Fund transfer will support the Granby ambulance contribution.
During the communications section, Mike told the board that two capital items at Holcomb Farm were funded through the Holcomb Farm Trust, not the town’s general fund: $50,000 for siding work on the main barn and $85,000 to pave the crescent in the property’s back parking lot for a new farm store. “That money does not come out of town funds,” he said, adding that the Holcomb Farm Trust consists of private donations linked to the property’s lease and use agreement.
Mike also described a $60,000 transfer from the Fox Fund intended to reimburse roughly 20% of a senior tax credit reimbursement (approximately $331,000 this year). He said that the $60,000 will be earmarked to increase the town’s contribution to the Granby ambulance association. Board members discussed the importance of clearly communicating to residents that the Holcomb Farm work is funded from non‑town sources.
