Friday, March 8, 2013
Barrington Town Councilor Ann Strong stirs debate on the type of allocation that should be allowed by the trustees from the Amey Tucker Spencer Fund.
A red flag was raised at the second meeting in two months – after meeting usually once a year -- of the Barrington Town Council and finance director sitting as the six trustees of the Amey Tucker Spencer Fund on Monday, March 4. The red flag involved the type of allocation the money in the fund, known as the Spencer Trust, should be used for. It came when the trustees got to the agenda item on “previous expenditures.” Town Councilor Ann Strong believes allocations from the $3.357 million fund should be given only for needs that meet “the true spirit of the will” of Wilton H. Spencer, who died in 1936. His will set up the trust fund. Strong pointed specifically to a $200,000 loan given to the developer of the Walker Farm Lane affordable …
Wednesday, January 30, 2013
The Spencer Trust Fund holds about $3.2 million; its income is to be used to benefit the poor and unfortunate in Barrington.
There is a trust fund in Barrington set up to “benefit the poor and unfortunate persons” who live in town. It’s a fund that under the right circumstances, such as catastrophic damage and destruction caused by a hurricane like Sandy, could be used to provide food, shelter and transportation for people in Barrington who could have suffered a similar fate last fall if Sandy had plowed northeast instead of northwest into New Jersey and Manhattan. The trust is officially known as the Amey Tucker Spencer Fund, better known as the Spencer Trust Fund. Right now, said Barrington Treasurer and Tax Collector Dean Huff, it holds about $3.2 million. The Town Council and Huff as town treasurer serve as trustees of the fund. They met for the first time …
Monday, January 28, 2013
The Town Council holds a meeting tonight as the trustees of the Spencer Trust Fund, set up to help 'the poor and unfortunate' in Barrington.
The Barrington Town Council holds a special meeting tonight in its capacity as trustees of the Amey Tucker Spencer Trust Fund. It starts at 6 pm in the Council Chamber in Town Hall. The multi-million dollar Spencer Trust was set up by Wilton H. Spencer in 1936 for town officials to help "the poor and unfortunate people" of Barrington. The town began using the money about eight years ago after a lawsuit with the Spencer's heirs was settled. Here is the agenda of the meeting: Spencer Trust Fund Meeting Agenda 1. Call to Order 2. General Discussion of Purpose of Trust Fund. 3. Review and Ratification of Trust Fund Expenditures for the Past Year. 4. Election of Officers. 5. Adopt Fiscal Budget for July 1, 2013 to June 30, 2014. 6. Review of By…
Gary Morse
9:44 am on Saturday, March 9, 2013
You can read about the HUD CDBG program at: http://portal.hud.gov/hudportal/HUD?src=/program_offices/comm_planning/communitydevelopment/programs Eligable activites are stated as: "...each activity must meet one of the following national objectives for the program: benefit low- and moderate-income persons, prevention or elimination of slums or blight, or address community development needs having … more ›