The Board of Governors is recommending that members vote “YES” for the following capital improvements and assessment rates:
Capital Improvements:
· Replace the irrigation system
· Pool resurfacing and retiling
· Interior clubhouse improvements
· Replace 50% of the cart paths (remaining 50% will be done when we have additional money)
The other capital improvements in the capital improvement plan will be done later based on available funding.
Assessment Rates:
· $6,750 for all golf membership classifications;
· $1,000 for social members;
· $250 for dining members.
The specific payment terms and other details about the assessment are described on pages 29-31 of the attached presentation.