Hi All,

Our road association is faced with the necessity of having to fund bridge repairs in the near future.  This is a small seasonal association with limited funds and, in reality, not enough dues charged to fund the upcoming repairs.  I am looking for any input and advice on how to structure the funding going forward - especially so that members don't have to pay 3X their dues when the work actually happens.  And are there tax implications to collecting monies which won't be spent for 1-3 years?

Thanks

Our association sets some aside each year in a capital account, as we know we are going to have some expensive repair needs in upcoming years.  Since you say your issue is a bridge, you might also look into the impact on lake water quality downstream.  That might open up some funding through 23 MRSA 3106, or grant money from a lake association.  Several years ago, our road got a grant through the Lakes Environmental Association because they said two of our culverts were in danger of washing out and impacting an at-risk lake.  With their help we were able to put in bigger culverts that are capable of handling torrential rains such as used to overwhelm the old culverts.  Also, you might want to look into the options for replacing the bridge.  Compare prices and availability of a concrete arch, or of replacing the bridge structure with the frame from a railroad car.