FINANCIAL DETAILS
WHAT ARE THE MEMBER PAYMENT OPTIONS AVAILABLE?
HOW MUCH WILL THE TOTAL PROJECT COST?
The Board is asked to consider and approve a project not to exceed $22.5 million dollars
Pay in full Pay in full +5 years prepaid capital dues - avoiding potential dues increases for that period. Pay 25% up-front with the balance paid monthly/quarterly over the next 2 years Pay 25% up-front with the balance paid monthly/quarterly over the next 4 years This project has been carefully planned to minimize financial impact on current members. This approach balances fiscal responsibility with the goal of satisfying the necessary investment to maintain our Club’s facilities in accordance with our Mission Statement.
HOW WILL THE CLUB PAY FOR THE PROJECT?
HOW WILL THE MEMBER INVESTMENT BE CALCULATED Investment to be allocated to all members whose accounts end in zero Members age 90 and over will be excluded from the investment, if they choose to be Members ages 81-89 will pay a prorated share, if they so choose, based on a sliding scale in accordance with age as of December 31st, 2026 $10 Million Dollar Bank Loan, using $7 million for funding and having $3 million as a contingency reserve Members will make an additional investment of $14 million
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