Asset division snarls Greenbank Farm reorganization

As with any legal separation, division of assets can be a long and arduous process. And with an 18-year relationship coming to an end between the Port of Coupeville and Greenbank Farm Management Group, who gets what is almost as confusing as the port’s initial reasons for ending the partnership.

As with any legal separation, division of assets can be a long and arduous process.

And with an 18-year relationship coming to an end between the Port of Coupeville and Greenbank Farm Management Group, who gets what is almost as confusing as the port’s initial reasons for ending the partnership.

“It’s a lot of stuff and it takes time to go through,” said Judy Feldman, executive director of the management group.

An inventory was presented to the port board last week by the management group. It lays out items collected during the 18 years of farm management and beyond.

The port commissioners have yet to discuss farm assets and division of inventory during a public meeting, but who gets what may end up just as controversial as every other decision regarding the farm this year.

Items range in size, value and history from thousands of dollars in farm equipment to decorative wine barrels and items reflecting the farm’s history.

The management group presented the inventory in three lists — port-owned assets, items the management group is willing to sell and things the management group is willing to leave at the farm if the port fulfills its contract obligations.

Feldman maintains that items purchased with money raised by the management group or collected through tenant rents are property of the management group.

Port Commissioner Marshall Bronson and Executive Director David Day maintain that any items purchased with funds donated to “the farm” and through funds raised through a public asset should stay with that asset.

“It’s a very odd situation to me,” Day said. “All that stuff was purchased for the farm, it should stay with the farm.”

Items the management group is willing to part with mostly consist of basic office furniture, trash cans, benches, cleaning equipment, some small kitchen appliances — things of that nature. Feldman said those items will be left if the port continues to pay the bills and fees it’s responsible for at the farm through the end of the year.

“They have bills they’re responsible for and we have ours,” she said.

Also listed in the inventory that will stay are larger ticket items that are considered “fixed” items and were paid for by the management group. The management group estimates those assets combined have an estimated value of more than $40,000 and include a water catchment system, fencing, electrical upgrades and other “upgrades.”

Items listed in the inventory that were purchased with a 2004-05 capital facility grant through the state also stay with the farm. They include such items as an electric ice machine in the Barn A cafe, a stove in the event kitchen and other various kitchen equipment in the commercial kitchen space in Barn B.

On the list of items the port is willing to sell is a $11,000 in event tables and chairs and two tractors that previously belonged to the port.

A Hyster forklift, two propane tanks and a Kubota tractor were surplussed and given to the management group in 2004 in exchange for the cost of repair and maintenance on the items the management incurred between 1997 and 2004. The management group is willing to sell those items back to the farm for the estimated value of $11,500.

Day said he has not been given any direction in regard to the inventory presented. He has not researched the price of any of the items being offered for sale and the question on legalities of who owns what has not been referred to the port attorneys.

“I don’t know how this is going to shake out,” Day said. “We don’t have any money budgeted in 2015 or 2016 for these items.”

 

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