To: John Vest
General Manager
Castlewood Country Club
Re: Proposed Asset/Ownership Transfer Bay Club
Castlewood Country Club’s not-for-profit 501c organizational structure provides intrinsic value to its equity membership.
The recently proposed transfer of land assets and club ownership to the Bay Club has the potential to dramatically alter this value on a going forward basis.
Furthermore, the CCC BOD’s decision to endorse such a transaction was wholly premature and has resulted in our reasonable concern that this proposal is being pushed forward too quickly to allow for a thorough vetting with the membership.
We therefore request that a Special Meeting be scheduled to discuss the full ramifications of the Bay Club proposal prior to any membership vote on this issue.
Please note that only names of CCC voting CCC members, in good standing will be admissible. Any disguised names or persons with non-voting rights will be removed from petition.
4 Comments
Why are we thinking of debating this when the deal, to my knowledge, is not defined. That would be just like Brexit where they made a decision BEFORE they knew what the deal would be. I recommend everybody hold back and let the BoD get to the best BINDING offer that they can get from Bay Club and then, and only, then put it to the membership to debate the merits of this and the other alternatives that are open to us. I personally, as an ex-Brit, don't want to be involved in a second Brexit snafu. I do agree that a Special Meeting is needed when a binding offer is on the table.
Bod is off base and not working for the members. Only people with a vote should be the voice in this. There are many other options in my opinion.
Member 989
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To: John Vest
General Manager
Castlewood Country Club
Re: Proposed Asset/Ownership Transfer Bay Club
Castlewood Country Club’s not-for-profit 501c organizational structure provides intrinsic value to its equity membership.
The recently proposed transfer of land assets and club ownership to the Bay Club has the potential to dramatically alter this value on a going forward basis.
Furthermore, the CCC BOD’s decision to endorse such a transaction was wholly premature and has resulted in our reasonable concern that this proposal is being pushed forward too quickly to allow for a thorough vetting with the membership.
We therefore request that a Special Meeting be scheduled to discuss the full ramifications of the Bay Club proposal prior to any membership vote on this issue.
Please note that only names of CCC voting CCC members, in good standing will be admissible. Any disguised names or persons with non-voting rights will be removed from petition.
4 Comments
The easy way out is not always the best solution. More discussion is needed as to other options that have been mentioned but not addressed
Why are we thinking of debating this when the deal, to my knowledge, is not defined. That would be just like Brexit where they made a decision BEFORE they knew what the deal would be. I recommend everybody hold back and let the BoD get to the best BINDING offer that they can get from Bay Club and then, and only, then put it to the membership to debate the merits of this and the other alternatives that are open to us. I personally, as an ex-Brit, don't want to be involved in a second Brexit snafu. I do agree that a Special Meeting is needed when a binding offer is on the table.
Bod is off base and not working for the members. Only people with a vote should be the voice in this. There are many other options in my opinion.
Member 989
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The easy way out is not always the best solution. More discussion is needed as to other options that have been mentioned but not addressed