When fire destroyed the clubhouse in 2018, there was an immediate need to start planning for a new facility. With the building and parking lot destroyed, and with few options as to where a new building could be located, issues like water drainage, ingress and egress, parking areas, and cart paths needed to be addressed. A site plan had to be designed.
With an insurance company that was not cooperating, this same member agreed to front the cost of this plan, $90,000. Again, this was not a gift or a donation. This member, who has a passion for the club, the course, and the area, saw an immediate need, and stepped up to front us this amount. We are now up to our goal of $170,000.
Using simple math, we have 500 outstanding shares, and need $170,000, yielding a suggested donation of $340 per share owned. This is NOT an assessment, rather a suggested amount. Some of you have responded. We thank you for your donations and your continued interest in our golf course. To those who have not, there is still time to donate. Since 1926, the course has been there to play, to socialize, to share a meal with family and friends. To those of you reading this, you have spent quite a bit of your spring, summer and fall on its grounds. As mentioned in the letter, after all is said and done, the course and building will have had an $8,000,000 upgrade. The $340 donation represents 0.021% of that total. Let’s pay our debts, keep our word, and live up to our promises. It’s not too late. Shareholders or not, your help is needed.