MEMBERS VOTE DOWN CLUB REBUILDING PLAN

The members voted down any plans to borrow money to rebuild the club. The By-Laws require approval of a 2/3 majority of all voting members to borrow money, to pledge club assets, and to spend amounts over $5000 on any one item. All three proposals, which were interlocked and interdependent, were defeated by virtue of not meeting the 2/3 majority required. At this time, new plans are being developed to consider alternatives to borrowing money for club repairs, but since the new Board is seated in January, it would appear at this time to be an agenda item for the new Board next year.