PROXY PROPOSAL Historical 2 Committee TO AUTHORIZE AN AMENDMENT TO THE ASSOCIATION’ S BYLAWS ALLOWING FOR AN ANNUAL RESOURCE FUND ASSESSMENT
PROXY PROPOSAL Historical 2 Committee TO AUTHORIZE AN AMENDMENT TO THE ASSOCIATION’ S BYLAWS ALLOWING FOR AN ANNUAL RESOURCE FUND ASSESSMENT
As we all are aware, expenses for our households have gone up over the last decade. So, too, have the costs at CCR. CCR’ s Resource Fund has been funded for many years primarily through gas revenues, and those revenues have diminished greatly over the years. CCR has not had or asked for a Resource Dues or Assessment to make adjustments for basic inflation, but we are at a juncture where funding is necessary just to maintain our current levels of service and maintenance.
Your CCR Board of Directors are now being faced with the possibility to reduce or eliminate many of the natural resource services and amenities that you have come to enjoy. The Board put together the Long Term Financial Planning Committee to recommend a way to sustain our services and amenities. To make up for lost gas revenues at Canada Creek Ranch, the Long-Term Financial Planning Committee has recommended the creation of a new Resource Fund Assessment.
Over the past few months, we have attempted to be clear, transparent, and open with the upcoming decisions that CCR will have. As fellow members, we hope you see the tremendous value you receive from this great club in exchange for the overall annual dues you pay.
Since January 2025, we have conducted six townhalls, allowing for your questions to be answered. At these meetings, Members have had the opportunity to express their views and ask questions pertaining to the proposal.
The Long-Term Financial Planning Committee has recommended the creation of a Resource Fund Assessment on the Annual Dues Statement to generate a total of $ 284,852.00 per year. This proposed amount will increase each year by the CPI with a maximum of 5 %, as currently stated in Article X, Section 10 of the Bylaws regarding the Operating Fund. Based on the 1,385 active certificates, the 2026 amount would be $ 205.67 per active membership certificate.
Please go to http:// ccra. club / resource for the most up-to-date FAQs. A“ FOR” vote of this proposal would approve:
A NEW SECTION ADDED IN ARTICLE X OF THE BYLAWS: Resource Assessments. The Board is authorized to assess an annual resource assessment( the“ Resource Dues”) upon each holder of a Membership Certificate in an amount not to exceed the last amount approved by the Members, which shall be allocated to the Resource Fund. The Resource Dues shall be due and payable annually, in advance, on January 1 of each year but may be paid on or before February 15, without penalty. No Resource Dues for any subsequent year shall be payable for a Membership Certificate that is transferred to the Association for cancellation prior to December 1 of the current year. The Resource Dues shall be increased pro rata by an amount equal to the dues revenue lost as a result of the surrender of Membership Certificates for which such adjustment has not previously been made. For the avoidance of doubt, the purpose of the pro rata annual increase to the Resource Dues is to cover( on a cumulative basis) the cumulative loss of revenue that would otherwise result from certificates that are surrendered.
AN AMENDMENT TO ADD“ and Resource” TO ARTICLE X, SECTION 10 OF THE BYLAWS: Increase of Assessments and Entrance Fee. The Board may assess each owner of a Membership Certificate outstanding as of January 1 of each year, an additional sum equal to the annual percentage change in the Consumer Price Index( CPI) for Michigan as published by the Bureau of Labor Statistics, United States Department of Labor as measured by the difference between the third and second preceding calendar years,( for example, 2024 dues are computed by comparing the percentage change in the CPI from 2021 to 2022) as applied to the Operating and Resource Assessments, upon the affirmative vote of two-thirds( 2 / 3) of those members of the Board present. In no event may the CPI increase exceed five percent( 5 %) in any one year. No other increase or additional assessments or entrance fees shall be made without a Member vote.
SETTING THE INITIAL RESOURCE ASSESSMENTS BASED ON 2006 CERTIFICATES TES TO $ 142.00 PER CERTIFICATE TE.
THE BOARD RECOMMENDS A VOTE“ FOR” PROPOSAL 2.
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