The Community Store Project of Saranac Lake, New York

HELP!!!
We are in need of funds to support our printing and advertising costs.
CONTACT US!

HOW ABOUT A STICKER FOR YOUR CAR?

For a $3 donation we'll send you a sticker - Contact Gail at 891-0182
or mail to: Saranac Lake Community Store PO Box 203, Saranac Lake, NY 12983

Hello friends,

It is only your help that will make the Saranac Lake Community Store a reality. It is three months since our offering launch and we have sold $115,000. We need to get to $500,000 to make the store viable and December 17th is our goal. At that point our 6 month period to sell shares expires. We will have to reapply for an extension if we do not make our goal. We have a long way to go.

Your investment will go into an escrow account until we reach $500,000. If by chance (say it ain't so) we do not reach our goal, your investment will be returned with interest.

Everywhere I go people say "Oh yeah, I have to buy my shares". Well, the time has come. If you support the vision of a downtown store that will sell what the tri-lakes wants and if you believe in "shopping locally", you should invest in the Community Store. Buy it as a birthday gift for your loved one, for your child, for Christmas for your partner or spouse. Buy it for yourself and for the future of the area. We can all talk the talk, but now we need to walk the walk. It would be a tragedy if this project couldn't move forward because of lack of community commitment.

If you cannot buy a share now but can pledge to buy a share when you can, please let me know.

And for those of you that want to know "where will it be", I can tell you that we are working on a site and have a very clear vision of where it will be.

Register to download a prospectus.

Click HERE for the offering document which needs to be filled out and mailed with your check payable to: SLCS-Corp. Acct. It can be mailed to: Melinda Little 118 Shepard Avenue, SL, NY 12983 or dropped off at our office in the HomEnergy Building on Depot Street across from the Train Depot.  Monday 9-10:30, Wednesday 11-12:30 and Thursdays 5-6pm

If you have questions or would like to meet with me, please contact me. Gail: 891-0182.

In addition, if you feel that you would like to host a "Tupperware" style Community Store gathering and invite interested friends, Melinda and I would be happy to come (with wine and cheese or coffee and scones!) and make a presentation about the store. Teachers? Work collegues? Volunteer groups? Church groups? We are happy to come and talk about the store.

If you are willing and able to help us in promoting this venture in
any way, we'd love to hear from you. Please call Melinda: 518-891-0197 or Gail: 518-891-0182.

Gail Brill, SLCS Interim Board VP

March 2007

Dear Friends:

I am writing to bring you up to date on the Community Store and to ask for your help one more time.  

Let me start by bringing you up to date. Our interim Board of Directors is now in place and meeting on a regular basis. The role of this group will be to sell the shares of stock, and oversee the process of establishing the store, including identifying a location, hiring a manager and buyer, etc.  Once the stock offering is complete, this Board will step down and a new more permanent Board will be elected by the shareholders.

Members of the Interim Board include:

President, Melinda Little, Saranac Lake
Vice President: Gail Brill, Saranac Lake
Treasurer: Alan Brown, Saranac Lake
Kathy Steinbrueck, Saranac Lake
Lorraine Duvall, Keene
Tracy Santagate, Saranac Lake
Jon Kopp, Tupper Lake

The draft of the Stock Offering document (also known as a Prospectus) has been completed and we hope to file it with the NYS Attorney General’s office by April 1st.  Once we have approval from that office, we’ll be ready to put the shares of stock on sale. Each share will cost $100 and there will be a per person limit of $10,000. Prospective stockholders will receive a copy of the Prospectus and an Investor Questionnaire to review and evaluate before making a final decision regarding their investment.

And finally, we are in the process of searching for a location.  We had hoped that the Swift Supply building might be a possibility but it was ruled out due to a non-compete clause in the landlord’s existing lease with the Family Dollar Store.  We are currently waiting to receive an engineer’s report on the viability of taking over the Meyer’s Gift building.  In the meantime, if anyone has other suggestions, please let us know.  Keep in mind that we need a minimum of 5,000 square feet of selling space.

As I said initially, we need your financial help for what I hope will be one final push. The total projected filing fees with the State are expected to be $3,484.  Thanks to your generosity, we have $2,624 towards this already but need another $860 by April 1st to complete the process. In addition, for the next three – four months, we need an estimated $1,320 for the printing and binding of 500 copies of the Prospectus, $1,500 for advertising and $500 for possible contingencies, thus bringing our total need to $4,180.

If you can help, please send your donation to the:

Checks should be made out to the SLCS. And please note that donations are not deductible. If you have any questions, please don't hesitate to call Melinda at 891-0197.

Thanks so much for your continued support.

Melinda Little