We will be issuing membership cards with photos to all members this season.
All members will be required to have their cards when coming to the club. This will really assist the guards throughout the summer.
ID pick up! Going on now!
IDs are now at the clubhouse for anyone who had their photo taken through the beginning of June. We are still taking photos and making IDs for those who have not yet done so – appointments are needed, contact Jen Hildebrand at secretary@ftfrc.com or 419-878-3068.
** For those who are afraid that they might lose their card, etc. We will keep a file at the guard shack if you would prefer to leave your card (or your children’s cards!) at the club.
We have WiFi!!!!
For those of you with laptops, we have wireless internet access at the club. There is a password to get into the network – please ask the guards when you are at the club.
Meeting to vote on pool deck renovations & related borrowing required to finance
August 17, 2008 6:30 pm - clubhouse
Proposed Club Improvements: Pool Decking & Engineering Report
| THE PROJECT |
|
|
|
|
|
The club is considering replacing the concrete deck surrounding the swimming pool. |
|
|
|
|
|
|
The pool has been inspected and is structurally sound. The concrete deck has settled in |
and uneven joints (a safety hazard) over the years and needs to be replaced. |
Water draining around the pool and eroding the supporting foundation is also a concern. |
|
|
|
|
|
|
A bid of $120,000 for the renovation has been accepted pending membership approval. |
|
|
|
|
|
|
FINANCING |
|
|
|
|
|
The club operates on an annual budget of approximately $125,000. Annual dues cover |
operating expenses and debt service (for new tennis courts in 2001). A capital |
assessment ($100) and authorization to borrow funds for the pool deck |
|
renovation will be voted on by the membership at a special meeting August 17th. |
A nominal 2009 dues increase ($20 or less) is anticipated to fund the additional debt |
service for the project. |
|
|
|
|
|
|
|
|
|
|
|
The project financing (and refinancing of a current loan) is projected as follows: |
|
|
|
|
|
|
Project Cost |
|
|
|
$ 120,000 |
|
Refinance existing loan |
|
|
|
80,000 |
|
|
FUNDS REQUIRED |
|
$ 200,000 |
|
|
|
|
|
|
|
Capital assessment |
|
|
|
|
|
|
Members |
|
|
$ 25,000 |
|
Current cash available |
|
|
|
20,000 |
|
|
INTERNAL FUNDS |
|
45,000 |
|
|
|
|
|
|
|
|
LOAN Anticipated |
|
$ 155,000 |
|
|
|
|
|
|
|
A commitment from a local bank for a 10 year loan has been secured. |
Annual Shareholders Meeting & Family Fun Day
August 24, 2008
Potluck – noon Bring a dish to share!
Meeting – 1pm
Committee chairs will present information on this year’s season and we will elect officers at this meeting. Officers up for election this year are Vice President and Treasurer. Current officers Marc Beller (VP) and Mike Kirby (Treasurer) have both been in their positions for only one year due to positions shifting last year and would like to be re-elected. If there are others who would like to be considered, please contact club President Bill Martin.
We will have an inflatable toy for the kids and games all afternoon.
Come out and make ice cream sundaes.
We need volunteers to help with set up and clean up! Get your work hours done!!!
2008 Directories are available at the Guard Shack. One per family please.
Questions? Comments?
The board and committee chairs welcome member comments at any time via email or phone. Please contact Jen Hildebrand at secretary@ftfrc.com or at 419-878-3068.