Bylaws: Difference between revisions
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Changes approved at 8/2024 General Membership Meeting - (1) process for resigning Empty Nester membership, (2) payment of membership dues by credit card, (3) tiered late fee, and (4) clarification that capital assessment fee is assessed per bond.
Matt Parnell (talk | contribs) |
(Changes approved at 8/2024 General Membership Meeting - (1) process for resigning Empty Nester membership, (2) payment of membership dues by credit card, (3) tiered late fee, and (4) clarification that capital assessment fee is assessed per bond.) |
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===Section 1=== | ===Section 1=== | ||
<ol type="a"> | <ol type="a"> | ||
<li>The annual dues of Fairway Farms are $585. These dues, along with the capital assessment fee as described in Article VII, Section 1(g) are due by March 15 of each year. A member may also pay dues in monthly installments of $200.00 each, with the first installment being due on March 1. The member who wishes to pay in monthly installments shall submit three checks payable to Fairway Farms, dated March 1, April 1 and May 1, and submit all three checks prior to March 1. The club will hold these three checks and present them to the bank for payment after the check dates. The member may either submit a fourth check dated March 15 for the capital assessment, or may add the capital assessment to the first check dated March 1. No installment payments will be accepted without the capital assessment check. Under either option, the envelope must be postmarked by the due date in order to avoid late fees.</li> | <li>The annual dues of Fairway Farms are $585. These dues, along with the capital assessment fee as described in Article VII, Section 1(g) are due by March 15 of each year. A member may also pay dues in monthly installments of $200.00 each, with the first installment being due on March 1. The member who wishes to pay in monthly installments shall submit three checks payable to Fairway Farms, dated March 1, April 1 and May 1, and submit all three checks prior to March 1. The club will hold these three checks and present them to the bank for payment after the check dates. The member may either submit a fourth check dated March 15 for the capital assessment, or may add the capital assessment to the first check dated March 1. No installment payments will be accepted without the capital assessment check. Under either option, the envelope must be postmarked by the due date in order to avoid late fees. Additionally, the member may choose to pay by credit card (with fees, if applicable) through the current portal being utilized by Fairway Farms. A full payment must be made by the end of the day on March 15th or the payment plan must be entered by March 15th via the portal to avoid late fees. </li> | ||
<li>At the beginning of each year the Board of Directors shall establish dues and fees for each class of membership for the ensuing year. However, without the approval of the membership, the Board of Directors may not increase the dues and fees for any year by more than 10% from the immediately preceding year and in any case by more than 25% in the aggregate in any 5 year period.</li> | <li>At the beginning of each year the Board of Directors shall establish dues and fees for each class of membership for the ensuing year. However, without the approval of the membership, the Board of Directors may not increase the dues and fees for any year by more than 10% from the immediately preceding year and in any case by more than 25% in the aggregate in any 5 year period.</li> | ||
<li>Dues and fees shall be sufficient to provide for the necessary operating expenses of the Club and the proper maintenance and improvement of its property, and such dues and fees shall be payable by such date as the Board of Directors shall determine (the "Due Date"). Any member who does not submit payment as described in section 1(a) or other indebtedness shall be subject to | <li>Dues and fees shall be sufficient to provide for the necessary operating expenses of the Club and the proper maintenance and improvement of its property, and such dues and fees shall be payable by such date as the Board of Directors shall determine (the "Due Date"). Any member who does not submit payment as described in section 1(a) or other indebtedness shall be subject to the following penalty of such delinquent amount and the same shall become immediately due and payable: If remitted within the first and second calendar week after the due date, a 10% penalty, if remitted within the third and fourth calendar week after the due date, if remitted within the fifth and sixth calendar week after the due date, a 25% penalty. Until such time as all such fees, dues, indebtedness, and penalties are “paid in full,” the Member shall be denied use of all Club facilities for that year’s season. Under no circumstances shall a member that is not “paid in full” be admitted to the club or participate in club activities. Furthermore, if not paid by May 1, please reference Section 8 of Article VII. </li> | ||
<li>Any special assessment proposed by the Board of Directors for any purpose shall require the vote of the Active Members at an Annual or Special Meeting called for that purpose.</li> | <li>Any special assessment proposed by the Board of Directors for any purpose shall require the vote of the Active Members at an Annual or Special Meeting called for that purpose.</li> | ||
<li>No dues or fees or any part thereof shall be refunded in the event pool operations are required to be suspended for any period. In the event of a sale or transfer of membership subsequent to the due date of any year, that year’s dues and fees will be refunded on the basis of the proportion of dues and fees that the new member must pay to the Club pursuant to Article VII(1)(f). | <li>No dues or fees or any part thereof shall be refunded in the event pool operations are required to be suspended for any period. In the event of a sale or transfer of membership subsequent to the due date of any year, that year’s dues and fees will be refunded on the basis of the proportion of dues and fees that the new member must pay to the Club pursuant to Article VII(1)(f). | ||
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</ul> | </ul> | ||
Provided that the total amount of Dues and Fees paid by the former Member and the new Member shall not exceed the total amount of Dues and Fees payable to the Club for the year for each membership.</li> | Provided that the total amount of Dues and Fees paid by the former Member and the new Member shall not exceed the total amount of Dues and Fees payable to the Club for the year for each membership.</li> | ||
<li>A Capital Improvement Fee of one hundred fifty dollars ($150) is to be paid | <li>A Capital Improvement Fee of one hundred fifty dollars ($150) is to be paid per bond in cash or other conditions as established from time to time by the Board of Directors as pursuant to the vote of the members at the General Membership meeting held in 2020 and continuing on a yearly basis until amended as outlined in this Article. The Capital Improvement Fee will be used toward pool renovations and other improvements or repairs necessary to function as voted by the Board of Directors.</li> | ||
<li>A Capital Recovery Improvement Fee of one hundred dollars ($100) beginning fiscal year 2022 (which begins December 1, 2021) and beyond is to be paid by each new Member Bond in cash or other conditions as established from time to time by the Board of Directors.</li> | <li>A Capital Recovery Improvement Fee of one hundred dollars ($100) beginning fiscal year 2022 (which begins December 1, 2021) and beyond is to be paid by each new Member Bond in cash or other conditions as established from time to time by the Board of Directors.</li> | ||
</ol> | </ol> | ||
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<li>The Board of Directors may limit the periods of time during the year Certificates of Membership may be sold, assigned, transferred or otherwise disposed of. Moreover, in lieu of the Club purchasing any Certificate of Membership under this Article VII, the Board of Directors may require such Certificate be sold by the holder thereof directly to an applicant for membership designated by the Club. In such an event, such applicant shall pay such holder the sum of $650.00 whereupon, the holder shall surrender such Certificate to the Club and such applicant shall pay the required initiation fee and dues and other fees. | <li>The Board of Directors may limit the periods of time during the year Certificates of Membership may be sold, assigned, transferred or otherwise disposed of. Moreover, in lieu of the Club purchasing any Certificate of Membership under this Article VII, the Board of Directors may require such Certificate be sold by the holder thereof directly to an applicant for membership designated by the Club. In such an event, such applicant shall pay such holder the sum of $650.00 whereupon, the holder shall surrender such Certificate to the Club and such applicant shall pay the required initiation fee and dues and other fees. | ||
<li>If for any reason, a Certificate of Membership is not or cannot be tendered by any Member upon the sale, assignment, transfer, or other disposition thereof, the Club shall cancel such Certificate on it books and records and issue a replacement Certificate in which case, the date of such sale, assignment, transfer, or other disposition shall be deemed to be the date upon which the purchase price therefore is made available to the seller or transferor thereof.</li> | <li>If for any reason, a Certificate of Membership is not or cannot be tendered by any Member upon the sale, assignment, transfer, or other disposition thereof, the Club shall cancel such Certificate on it books and records and issue a replacement Certificate in which case, the date of such sale, assignment, transfer, or other disposition shall be deemed to be the date upon which the purchase price therefore is made available to the seller or transferor thereof.</li> | ||
<li>Article VII, Section 4: If an Empty Nester wishes to resign their membership, the Empty Nester Member shall inform the club in writing. The club will have 60 days to refund the Membership Certificate in full. The member will have 60 days to rescind their resignation and remain an Empty Nester Member. Once the Membership Certificate has been repaid to the member, they are officially removed as a member of the club. Empty Nester Memberships cannot be transferred.</li> | |||
</ol> | </ol> | ||
===Section 5=== | ===Section 5=== | ||