Wolf Laurel Country Club Membership

 

To:       Wolf Laurel Country Club membership

From:  Wolf Laurel Country Club Board of Directors

Re:       Capital expenditures 2012

Date:   July 2012

You noticed in your July bill that the first of four $50.00 assessments were made for our capital fund.  That fund is depleted each year and we use that $200.00 annual assessment to fund projects that must be made.  Deferred maintenance is one area that we need to address.

The Board of Directors at its July meeting voted to spend $51,000.00 to begin this year’s capital improvements.  We identified several areas of concern and voted to invest money in those areas.

(1)    $12,500 to primarily resolve issues on the golf course, and perhaps some playability issues at the same time.  We intend to do this by employing an arborist to trim and remove trees.  Holes #1 (right side), 13 (right side) both require immediate attention due to liability issues. These aren’t the only areas that need attention, but these are the ones on which we will start.  We will do some other arbor issues next season, such as #16 where 20 years of vegetation encroachment have taken their toll.

(2)    $26,500.00 to repair the Clubhouse sprinkler system.  This is NOT the golf course irrigation system, but is, instead, the fire sprinkler system in the Clubhouse.   It should also be pointed out, that this is just a portion of the repair, or Phase I. The Clubhouse is twenty years old and we had a near disaster over the winter.  A major pipe burst and if it weren’t for the presence of one of our staff members who just happened to be in the building, the place would have flooded without anyone knowing it.  Our house committee has worked with experts in this field and this must be attended to immediately.  This is a first class safety and liability issue that cannot be ignored.

(3)    $8000.00 to repaint the exterior of the Clubhouse. This would just be for the portions that need immediate attention.

(4)    $4000.00 to repair drainage issues that if not attended to now, could require major renovation in the future.  Immediately, this would be the stone wall across the road and other various drainage issues on the Clubhouse property.  Water is now visible penetrating the walls and standing in our basement area.

Your Board of Directors is very careful with our money.  We pay the same as you do, so we don’t take the expenditure of funds lightly.  Our hope is that the $62,000.00 generated from the $50.00 per month for four months will cover these expenses as well as some of the immediate unknown physical challenges of our aging facilities, but having to be realistic and honest, it may not.  We will do everything we can to protect our investments, both in the Clubhouse and on the golf course.

 Filed Under: 2012 Updates and Events