Roads and Assessments—Hardwick Mountain
9 Year Plan
From HMPOA Board of Directors
Updated 5.30.2018
For history of our roads from inception in 1972 until 7.18.2012, please see the archived description (link at bottom of page). In summary, the HMPOA board adopted a six year plan in 2006 to upgrade the full 1.2 miles of our roads to asphalt as soon as funds were available. As per the plan, the first sections were asphalted in 2006; the final section was asphalted in 2015.
The board has now created a 9-year plan to include the second round of asphalt on each of our roads. Our contractor, Jeff Gray of C&G Paving, estimates that asphalt should last 12 to 15 years. Since it has been 12 years since our first two sections (Chestnut Lane and Turkey Ridge Rd.) were asphalted and they are still in very good condition, we are using 15 years as our target for re-asphalting each section.
There are several variables that could impact our plan. One is the lifespan of the asphalt, listed above. Another is the cost of asphalt over the next nine years. That cost has been level for the past six years (after increasing 500% over the previous 11 years), but is largely dependent on the price of oil. If that were to escalate, our estimates could go out the window. A third variable is the cost of maintenance. If our roads require more patching, for example as they approach the end of their lifespan, that could throw our estimates off. So this is our best guess, with a little cushion built in.
Below is a chart showing for each road what the total square yards are (asphalt costs are based on this), when the section was asphalted, when 15 years is up, and what the cost to re-surface each section would be at today’s rate of $15/sq yd.
| Road | Square yards | Last paved | 15 years | Cost today to pave |
|---|---|---|---|---|
| Chestnut Lane | 1,044 | 7.2006 | 2021 | $ 15,660 |
| Turkey Ridge | 1,400 | 7.2006 | 2021 | $ 21,000 |
| DoubleTop | 444 | 10.2007 | 2022 | $ 6,660 |
| Hardwick Mountain Drive | 5,150 | 2009,12,13 | 2027 | $ 77,250 |
| Montagne Lane | 328 | 8.2015 | 2030 | $ 4,920 |
| Total | 8,366 | $ 125,490 |
Notes re our HMPOA treasury
- Approximate cash on hand as of 6.30.2018 if everyone pays their assessment on time: $45,000.
- Approximate savings yearly after maintenance, snow removal and admin costs are deducted: $10,000
- At current assessments, projected amounts we would have available by mid-year (keep in mind the cautions listed above):
2021: $ 75,000
2022: $ 85,000
2027: $ 135,000
What this means is that if our projections hold up, we will be able to have each of our roads re-asphalted at the end of 15 years, and we will not have to increase assessments during that time.
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