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.
