GGC Project Plan Information Booklet

PAYMENT METHODS

The Board is considering a variety of payment methods designed to: „ Create a funding option that appeals to the widest range of active members: √ Considers members that are aging out of golf at Glenwild. √ Considers members that may have a difficult time from a cash flow perspective to make a lump sum up-front payment. „ Share the financial cost with new members that will have use of the improvements. „ Maintain financial stability. „ Provide an option that will generate the necessary amount of funds at appropriate times during project timeline. „ Ensure the final option is not overly complex and is easily managed by the Glenwild staff. Factoring Increased Attrition „ GGA has advised us to anticipate an attrition rate double our norm. „ Our base case assumption is that we will lose an additional 20 members in addition to our normal attrition as a result of this project. „ Our financial modeling is based on a total of 285 members reduced from our current total of 325. „ Normal dues will be charged in 2027. We are not anticipating additional routine repair & replace capital costs beyond any scheduled projects.

Proposed Funding Dates

August 31, 2025 Deadline for Non-Founder Golf Equity Members to submit their resignation notice, based on bylaw requirements, to avoid participating in the funding initiative.

August 31, 2026

November 1, 2026 All active, dues paying Golf Equity Members are required to contribute to the capital assessment or fee.

Deadline Golf Equity Members to submit their resignation notice, based on bylaw requirements, to avoid participating in the funding initiative. for Founder

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