Rick Kirsch 0

Tam should be considered for sale

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To The Tam-O-Shanter Board of Directors: We have recently received your email, IMPORTANT TAM NEWS and feel that a response is necessary. It is important that the Board comprehend what the membership desires and then manage OUR club accordingly. Too often in recent years the Tam Board has made decisions that were contrary to the members' welfare. Lets explore the most recent example. We recently held our annual meeting and we were told that a majority of the board is in favor of supporting a sale of our club to Mr. Munaco. We are then told there will be a straw vote to ask the memberships opinion of a sale to Mr. Munaco. A majority voted to proceed to have the board do its due diligence for selling the club. However, in the meantime a few members and board members decide that the club should not be sold, so then who cares what the membership thinks The club should be run at the behest of the majority and to that end the Board does not have the right to disregard the vote of the membership. You asked us to vote and we did. Now put a sale together and if it is voted down then we can consider your contingency plan. Tam does not exist at the whim of a few board members who are putting their own agenda before the welfare of the entire club. The Board has a Fiduciary obligation to operate our club according to the desires and consent of the general membership. Now lets address the differences between the Munaco deal and our Boards plan: 1. Under the Munaco plan, we would be debt free. Under the Boards new plan, we would still have the debt to repay but the monthly amount would be reduced for a short time due to the loan being restructured. 2. Under the Boards new plan, all dining would be reduced and limited from May to October. Under the Munaco plan, we could see year round dining. 3. Under the Boards new plan, we would have one golf course. Under the Munaco plan we would be able to play multiple golf courses. 4. Under the Munaco plan, we were guaranteed NO ASSESSMENTS. Under the Boards new plan no assessments are forecasted but what happens if we need a new roof or another major repair to the buildings or grounds And there will be additional fees not included in the Munaco plan. 5. The Munaco plan is ultimately less expensive than our Board's new plan. 6. The Munaco plan provides for repayment of funds to equity members. 7. The Munaco plan provides for a future of Tam independent of poor demographic projections. The 2005 Jewish Population Study commissioned by the Detroit Federation summarized that between 1989 and 2005 the Jewish population in metro Detroit dropped from 96,000 to 71,500. This represents a 25% reduction in our population. Due to the trend of a declining Jewish population it can be concluded that the pool of potential members is also diminishing rapidly. We believe that most members would like the club to remain member owned but have come to the realization that due to the declining population base and continued declining local economy, this is no longer possible. We understand that the board has just restructured our loan and the staff has just reduced their budgets and salaries. We also understand that the new Tam will be even less than it was this year. This is too little, too late. We do not want a short term fix for a long term problem! Our last point is that the Board should put this to a vote. If the majority of members elect to sell, then the Board should pursue that. However, if the vote to sell is not successful, then we are willing to go with the alternate plan. The important issue is that the Board should be responsive to the members' desires and overwhelming vote and follow through with the sale of Tam. If you are in favor of pursuing the sale and therefore ENSURING THE SURVIVAL of our beloved Tam, please sign this petition and forward it to your fellow Tam members.

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