12 Member Assessment » The assessment for all Members will be $45,000 » The assessment is due on August 1, 2024 » Resident assessments would be attached to the property Multi-Year Payment Option Available » Members have the option to participate in an installment plan whereby the assessment is paid in five equal payments » Using the installment plan, principal and interest payments are due each August 1st, beginning in 2024 and ending in 2028 » The interest added will be based on a rate slightly in excess of the Club’s capital cost The Plan Cost Construction Costs Main building, sitework, parking structure, kitchen equipment, furniture & fixtures, etc. $ 76.1M Professional Services & Soft Costs Architect, Interior Designer, Owners Representative, Structural, Civil, Coastal, Geotechnical and Soil, Environmental and Parking Engineers, etc. $ 14.2M Subtotal $ 90.3M Contingency Fund $ 9.7M Total Budget $ 100.0M The Investment
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