Full Golfing MembershipINITIATION FEE $15,000.00 @ $1000.00 EQUITY: Full Golfing Membership is capped at 300 members. Upon termination of full membership the member is eligible for a refund of $1000.00. This refund will be made when the membership is replaced by another equity membership in the order in which it was received. The portion of the initiation fee that is non-refundable is subject to Florida state sales tax. ANNUAL DUES $5965.00: Annual dues are collected on a fiscal year basis from September 1 to August 31 and will be pro-rated from the month of joining. The annual dues are subject to Florida state sales tax and paid in full upon activation. RESTAURANT MINIMUM: $ 1000.00: The restaurant minimum applies toward food and non-alcoholic beverages only. Tax and gratuity are not included. When a membership is activated after the beginning of the fiscal year the minimum will be pro-rated from the month of joining. If the restaurant minimum is not spent by year-end the remaining balance will be charged to the member account. CAPITAL IMPROVEMENT FEE $60.00 PER MONTH: A fee of $60.00 per month will be charged to the members monthly bill to build a capital equipment fund for updating and replacing such items as golf course equipment, air conditioning for the golf shop and clubhouse and kitchen equipment. INSURANCE DEDUCTIBLE FEE $20.00 PER MONTH: A fee of $20.00 per month will be charged to the member's monthly bill to build a reserve for repairing and replacing damage or loss from catastrophic events or certain liability occurrences that are not covered by insurance. APPLICATION PROCESS: Candidates for Full Membership must complete and submit an application form and a $2000.00 deposit. Two (2) full members must sponsor a candidate. The Membership Committee will consider the application. Upon committee approval the application will be posted for 2 weeks. The Board of Directors will notify the candidate upon election to Full Membership. If placed on a waiting list the candidates name will be listed in the order that the application was received. In the event that an approved candidate withdraws, a processing fee of $500.00 will be deducted from the $2000.00 deposit. NOTE: All policies, dues and fees are subject to change per approval of the Board of Directors. |