As many of you know The Legacy Capital Program was launched this past April as the final piece of a six part program focusing on improving all facets of our Club. The Legacy Capital Program was designed to help fortify the Club’s finances by building a stronger balance sheet and improving our cash position.
The program allows members to pre-pay future Club charges and in return receive discounts on those future charges. While the program was expected to end in June we have had several requests to extend the program and therefore the Board of Governors has agreed to extend the opportunity for members to participate in the program.To date participation in the program has reached approximately $300,000 with at least another $100,000 anticipated. Given the additional interest we have decided to extend the program through the August 15, 2015.
Additionally, we have received a significant amount of feedback indicating interest in the program if there was a shorter duration to the return of the pre-paid funds. Therefore, the Board of Governors has also agreed to add a second program alternative with a five (5) year return of the pre-paid funds coupled with a discount on future Club charges of four percent (4%).
Thank you so much to all those members whom have already participated in the program and to those that have considered and/or are still considering participation.
Should you wish to participate please see the attached. All completed forms can be returned to either Janine Linardi or Joe Fulco.
Thank you again for your continued support of the Club and for considering participation in the Legacy Capital Program. Should you have any questions about the program please do not hesitate to contact either myself or Joe Fulco.
Treasurer, Hillendale Country Club