WTC Bondholder Benefits

Become a WTC Bondholder to help ensure the long-term health and vitality of the club we love – and receive lots of benefits. 

BENEFITS

As a Bondholder, you:

  • are eligible to run for and serve on the WTC board, elected at the Annual Bondholders meeting.

  • do not have to be an annual club member or pay yearly club dues to retain your Bondholder status.

  • can vote on decisions via the Annual Bondholders meeting.

  • get a discount on your annual club membership fees.

  • receive 5 free guest passes per season ($100 value) with your annual club membership.

  • may have children under age 18 play for free, starting at 12 noon.

  • may transfer your fee to another individual with written permission of the WTC Board Executive Committee.

  • become a part owner of WTC. (More details in WTC By-Laws, available by request from the WTC Board of Directors.) 

  • may recoup your money if you leave the club. (See Bondholder Agreement for details.)

RESPONSIBILITIES

As a Bondholder, you:

  • are responsible for reading the WTC By-Laws to fully understand your rights as a WTC Bondholder. (A copy will be provided to you by request.)

  • must apply to the WTC Board Secretary in writing before the end of May if you wish to relinquish your Bondholder status and receive a refund. Refunds are distributed at the end of the season provided there are sufficient funds available after maintaining WTC’s $30,000 contingency fund. If there are insufficient funds to provide a full refund, your request will be carried over to the following year.

  • are encouraged to attend the Annual Bondholder Meeting and any special meetings to provide feedback and ideas to the WTC Board of Directors. The Annual Bondholder Meeting will be announced at least 10 days prior but not more than 30 days prior to allow time to appoint proxies and review prepared documents.

  • may appoint a proxy Bondholder to vote for you at the Annual Bondholder Meeting. A quorum of 50 percent of the Bondholders is needed to elect directors and conduct other voting business. A proxy form may be found on the WTC website.

  • may vote to elect or re-elect the 9 WTC Directors of the Board. You may submit the name(s) of a director candidate prior to the Annual Bondholder Meeting.

Cost

If your application is approved, the cost to become a bondholder is:

  • $3000 single

  • $5250 couple

If your application is approved, you will be notified how to submit your payment.