Last fall the board surprised CYC members with a master plan to remodel virtually the entire Clubhouse at an estimated cost believed to be between $2 & 3 million. Phase One, replacing PA lockers with offices, meeting rooms and bathrooms, could begin immediately without member approval. Ensuing discussions raised many questions — Why is this necessary? How will it be paid for? Do members have a voice in this?

Other information turned up which led to more questions—Why has CYC dining lost nearly a million dollars in the last three years, and could lose $400,000 this year? How much does CYC earn from outside events and from catering company?

Despite repeated requests the Flag has refused to agree to allow the membership to vote on this plan; declined to disclose financial information on catering and dining operations; or to discuss a strategic plan for dealing with this catering crisis.

We believe it is necessary to call a halt to the Remodel Plan or any part of it until the membership has been allowed to vote, and we believe the Board should make full financial disclosure to the membership of all appropriate dining and catering information. This petition, put forward by Staff Commodores John Colver, Peter Hogg, Ron Kell and Jeff McQueen calls for a Special Meeting to require the foregoing. If you have any questions please contact any one them.

Your signature to this Petition is only to call for a Special Meeting. The proposed Resolutions can only be voted on at such a meeting, at which time they will be fully presented and discussed. If you believe CYC members are entitled to have a say in an expensive remodel of the clubhouse; or are entitled to full access to Club financial information, please sign this petition. Please distribute a copy of this to as many members as you can.

Please click on the “SIGN NOW” button! Be sure to include your name, email and your member number in the "member number" section. Please respond now. The final deadline is August 18.

Text of the petition:

PETITION FOR A SPECIAL MEETING

As provided for in Article XII Section 3 of the CYC Bylaws, I hereby declare I am a Regular Member of Corinthian Yacht Club in good standing and do hereby petition the Board of Directors of Corinthian Yacht Club (CYC) to call a Special Meeting ("Meeting") of the Membership at 7.00 p.m. on Wednesday September 17, 2014, for the purposes of discussing and passing the following Resolutions. I further petition the Board of Directors to adopt the following procedure for the conduct of the Meeting.

SPECIAL MEETING PROCEDURE

This Meeting shall be conducted by the Petitioners who hereby appoint any one of the following (as determined among themselves) to act as "Moderator": Staff Commodores John Colver, Ron Kell, Peter Hogg, Jeff McQueen.

At the appointed time for the commencement of the Meeting, the Board of Directors or its declared representative – or absent any of those then the Moderator - shall determine if a quorum is present. lf a quorum is not present, then the commencement of the meeting shall be postponed for 15 minutes at which time it shall again be determined if a quorum is then present. If a quorum is then present, the meeting shall be called to order by the "Moderator.”

The Moderator shall present each of the Resolutions and call for discussion and/or questions then shall call the question. In the event of any disputed inconsistency between the procedures set forth herein and Robert's Rules of Order, then the latter shall govern. In the event one or more of the provisions of this Petition are determined to be void, the balance of the Petition shall remain in full force and effect.

RESOLUTIONS

No. 1: Proposed Club House Remodeling

The CYC membership hereby directs the CYC Board of Directors to cause no further activities to occur related to any remodeling of the CYC clubhouse which changes the existing use of any or all of the areas to be remodeled, until the following have occurred.

1) The CYC membership has voted to approve the proposed remodeling, and

2)The CYC Board of Directors has submitted for approval by the CYC membership a detailed plan of how the proposed remodeling would be paid for, and

3) The CYC membership has approved the financing plan of the CYC Board of Directors.

No. 2: Financial Statement Disclosure

The CYC membership hereby directs the CYC Board of Directors to provide the CYC membership with full disclosure of the financial status of CYC and its subsidiary CCD (Corinthian Catering and Dining) by distributing to all CYC members before September 21, 2014 at least the following financial reports and supporting documentation for the year ending December 31, 2013 and for the six months ending June 30, 2014: Balance Sheet, Statement of Income and Expenses, Cash Flow Statement, a Trial Balance.