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A Society Share Purchase is currently made up of the following fees:
| Society Share |
$ 800.00 |
| Initiation Fee |
$ 3700.00 |
| GST Applicable |
$ 225.00 |
Total Society Membership..
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$ 4725.00
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Purchase Options
Three different payment options are available to purchase a Society Share .
Option 1:
Outright purchase of $4725.00.
Option 2:
24-month Payment Plan
Using pre-authorized payments, your bank account or credit card is charged monthly, for 24 months, in the amount of $206.13. This payment plan includes a $222.00 administration fee which is a part of the monthly payment. Payments received are non-refundable.
Option 3:
5-year Payment Plan - (unavailable if the dues paying member limit of 525 is reached)
The Society Share cost is divided into five (5) equal payments, which must be paid together with the regular annual Championship Golf Course dues, each of the five consecutive years. An individual may opt to pay the share out at any time, however regular payment plan and dues payments are required on or before April 1st each year, while on the plan.
Share certificates will be issued following the final payment of a plan.
Society Share Transfers
Society Shares are transferable only within immediate family. Immediate family is limited to children, grand-children, parents, or spouses of the current Society Member. A transfer fee of 10% of the total membership cost in the year of the transfer is applicable, plus GST..
Society Share Redemption
A Society Share may be redeemed upon written request to the Club. The current redemption value of a share is a combination of the $700.00 Share amount and the Water Assessment originally paid, to a maximum of $800.00. Redemption is subject to the sale of a new Share or approval of the Board of Directors. Share Certificates for redemption must be returned to the Club or a disclaimer signed.
Ownership of a Society Share entitles the purchaser to all priviledges of the Society, including: voting rights at Society meetings and the option to purchase playing dues, if available.
Society Shares are non-interest bearing.
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