We have received federal and state approval of a new non-profit organization dedicated to the “preservation of public properties at the Lane’s Cove Public Landing.” The immediate benefit is an organization, aptly named the Lane’s Cove Historical Association, with funds in hand to help maintain the restored Lane’s Cove Fish Shack in close cooperation and coordination with City government. The public/private partnership will realize ongoing benefit from the continuity that a dedicated non-profit can provide.
The purpose of the Lane’s Cove Historical Association (LCHA) is to raise funds for the maintenance of the Fish Shack and any other Lane’s Cove Public Landing property that may be restored over time. Establishing the LCHA as a 501(c)3 non-profit means that all contributions for maintenance are tax deductible and all purchases made to maintain the Shack are free of state tax. Importantly, a board of directors, representative of the community, will ensure that funds are properly stewarded. This cooperative venture will benefit from a director rotation policy that will result in an ongoing flow of fresh ideas from new community members regularly appointed to the board at one-year intervals.