Proposal 3, "Funding Needs", fails
Proposal 3 achieved less than the required amount of member votes to pass with only 68% approving and 38% rejecting.
This proposal would have assessed propery owners $4,533 in order to pay outstanding bank debt, past-due vendors, and to cover unexpected needs in the future.
Why do you feel this proposal failed?
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In the last Membership Survey, 58% of the membership did not have confidence in the Club's ability to manage finances. Mismanagement of finances is especially evident now.
What has changed? Our CEO has retired. Essentially nothing else has changed. A few promises have been made; however, promises have been made in the past and not kept. The same "group" is still managing finances. When the team is losing, you put in fresh players.
Where is the new CEO or General Manager? I trust that we will receive an update at the October 23 meeting.
New management will have my support to turn the finances of this club around.