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6109 Wheeler Dr. Charlotte NC 28211 US
Rama Swim & Racquet
Assessment to Rama Members in 2018
The Rama Board met at our annual strategy meeting in January and made important decisions that we believe will put our swim club in a better financial position moving forward.
You may have noticed damage to the plaster in the deep end during the 2017 season. We have made numerous repairs over the years costing thousands of dollars, all in an attempt to avoid replastering the pool. The time has come to stop applying band aid fixes and do a full replaster prior to the 2018 season, which comes with a cost of $50,000 -$60,000. We have acquired financing for this work; however, we have determined that additional steps are necessary to ensure the longevity of our swim club.
We have established a captial account, aka a reserve or escrow account. This new capital account will be funded each year with a percentage of annual dues, initiation fees, and silent auction proceeds. Additionally, all members are being assessed a fee this year which will help build reserves in this account, help offset the burden of the debt and prepare for short and long-term capital improvements.
Assessment amounts will be:
Standard (formerly individual/couple): $175