Member Investment for the Our Club, Our Home Initiative

MEMBER INVESTMENT

In order to accommodate member feedback and mitigate risks, the following funding
approach is being recommended for capital improvements:

• Members pay an upfront investment to create the cash flow required to complete the

projects in 3 years vs 4 years and to reduce the amount needed from the bank.
• Increase the capital fee to create needed cash flow and a self-funding model for capital

projects after 2025.
• Obtain a $1.75mm construction loan and $250k line of credit from the bank.

Member Investment Total Upfront Monthly
Investment* Capital Fee
Membership Type Increase
$5,900
Golf $2,950 $85
Junior Golf $1,475
Heritage $5,900 $85
Corporate Associate $2,360
Sports or Swim/Fitness $1,180 $56
Social
$85

$34

$17

*Upfront investment to be paid in 2 installments – ½ paid in Sept ‘22 and ½ paid in March ‘23.