Recently, the Board of Directors asked for a By-Law Change Committee to be formed to review Article II, Section 12 and 14 of the club By-Laws. The Committee is recommending a change to the following:
A change in Article II, Section 12 of the By-Laws to require 30 days’ notice for all resignations. As currently written, the by-laws allow resignations to go into effect at the end of the month in which the notice is received, regardless of when the notice is submitted. This change will regulate the notice of resignations and allow for sufficient transition time for resigned memberships to be processed so that resulting openings can be sold and filled.
In addition, a change in Article II, Section 14, of the By-Laws to discontinue equity payouts for new memberships sold after (effective date set by approval) date. This change would not apply to current equity members. Current equity members would continue to receive up to 50% of the prevailing fee at the time the membership is sold and no more than 50% of their original fee paid. This amendment will offer additional financial stability for the future of the club.
Santa Rosa Golf & Beach Club’s hearing will be held on Thursday, November 5 from 2:00 – 2:30 p.m. at Vue on 30a’s West Wing. The hearing will be conducted for the purpose of gathering comments from Santa Rosa’s Equity Membership.
Members need not attend the hearing to present their comments. You can email or mail in your comments to the contact information below or view the meeting via ZOOM:
Mail: 4801 W. Co Hwy 30A, Santa Rosa Beach, FL 32459
ZOOM: View instructions on button below
Bill Wyrough, Policies Chairman