In light of recent world economic events, the Club has received requests from some of you to offer an alternative plan for the payment of 2008 -2009 Club dues, originally due September 30^th.

The Club has previously, upon request, allowed the payment of dues in three equal installments due the first of the month in October, November and December.  

With the current state of the banking industry, stock market and real estate market, there are issues of restricted cash flow for some of you.  The Board and Club Management are very understanding of the current situation and as a result, would like to offer an additional option of paying the 2008-2009 dues via quarterly payments.

Under the payment plan, there would be four payments due as follows:

1)      $5,712.88 due October 31st

2)      $5,712.88 due January 1st. 

3)      $5,712.88 due April 1^st

4)      $5,712.88 due July 1^st

The payments include interest at an annual rate of 8%.  The interest is charged to offset the additional financing and administrative costs the Club will incur to meet its cash flow requirements over the four quarters.