Barnard General Store Saved by Its Community
We Did It!
This cold morning of January 24, 2013 was a warm one for The Barnard Community Trust. On behalf of all the people of Barnard and other supporters, the BCT closed on the real estate purchase and now owns the Barnard General Store.
The terms of the purchase was as follows: the purchase price was $500,000.00. At closing, the BCT paid $300,000.00 with Bill Twigg-Smith taking back a mortgage for $200,000.00 to be paid of in one year. This gave the BCT immediate ownership of the property. It also means that the trust must still raise money to pay off the mortgage and for improvements and other expenses for the building.
From the beginning of this effort The Barnard Community Trust has worked closely with the Preservation Trust of Vermont. Their experience and guidance have been invaluable to us. We could not have accomplished this task without their help.
The BCT could not have succeeded in this monumental task without the help of donors of money, large and small, volunteers of time and services and donors of goods for our morning café at the store. Morning coffee and goodies and newspapers will continue to be available at the store until further notice. Thanks to all who helped to make this happen.
The next step in the process is to get the store back in operation. The BCT has identified new operators of the store and is currently working out the terms of the lease for the new business. The hope is for the store to be in full operation by the beginning of April.
“This is a huge milestone for the Barnard community as a whole”, said Rick Carbin, president of the Barnard Community Trust, “and is a testament to how people feel about the importance of the store to the character and heart of Barnard.”
Our work is not done. We cannot become complacent. Please continue your very generous support of our still ongoing fundraising to make the deal complete.
Tax deductible checks can be made payable to The Preservation Trust of Vermont for the Barnard General Store Project and posted to:
BARNARD COMMUNITY TRUST • P.O. BOX 262 • Barnard, VT 05031