Venice East Golf Course - Membership
Hole #1
#1 Tee Flowers
Membership - Associate (2012 - 2013)
Associates enjoy all the same benefits of Equity Members with only
two exceptions. Associates do
not have voting privileges and may not
become a Board member. Major benefits are:

* Participation in all leagues
* Participation in Member Special Event Scrambles.
* Reduced Cart Rental Rates.
* Use of privately owned cart with payment of yearly trail fees.

One Time Cost                     Family (2)                           Single
Initiation Fee:                    $600.00                        $300.00

Annual Costs:
Dues                                 $796.00                        $597.00

Note 2: Special - Initiation Fee waived for a limited time
Membership - Equity Guidelines
The Venice East Golf Association (VEGA) membership yearly schedule is from October 1 of the current year, through September 30 of the next year. Annual
dues are due October 1st and prorated on a schedule determined by the date a member signs up.

To Join the VEGA, prospective member must be interviewed and approved by the Membership Committee, and upon final approval by the Board of Directors,
purchase a Proprietary Certificate (PC) and pay a one-time Imitation Fee.

Value: The value assigned to each Certificate of the Association, is periodically reviewed and fixed by the Board of Directors by a two-thirds vote of its
members. The current value is Thirty Five Hundred ($3500.00) dollars.

Redemption: VEGA BY-LAWS state, "Whenever any person shall desire to redeem a Certificate, due to resignation or death, redemption of  the Certificate  
shall  be made upon acceptance of  a
replacement golfer or subject to the minimum number of  Certificate holders as determined by the Board. Upon
receipt of the Certificate the current value to the surrendered Certificate, less any indebtedness to the Association shall be paid to the former owner or his/her
estate
".

Equity Members own ONE share in the VEGA and have VOTING rights. They may also run for and win a position on the VEGA Board of Directors, if voted in by
the overall membership at the Annual meeting held in February of each year.
     Owner Membership - Equity (2012 - 2013)

Option 1 - Ownership in one year:
                                       Type              PC          Initiation   Annual                     PC
                               Membership        Cost        Fee           Dues        Total        Issued
Year One                        Single             3500       300           free          3800        Yes
Year Two                        Family (2)        7000       600           free          7600        Yes


Option 2 - Ownership in two years:
Year One                        Single            1750                        478         2228          No
Year Two                        Single            
1750         300         FREE      2050          Yes
                                                             3500                                       4278

Year One                        Family (2)        3500                        712        4212          No
Year Two                        Family (2)        
3500        600          Free       4100         Yes
                                                              7000                                       8312

Note 1: Special - Initiation fee waived for a limited time
               
                     VEGC Membership:
     The Greatest Bargain  & Secret In Town

VEGC welcomes the public golfing community to join our Association
as an EQUITY or ASSOCIATE member and enjoy the least expensive
golf play in the area. Call the Clubhouse for an appointment.

* Annual dues are $712 for a family of two and $478 for a single
member. For that minimal cost, members can play as often as they
wish, 7 days a week, 52 weeks a year.

* Enjoy 9 scrambles each year, playing for prizes such as; closest to
the pin, lowest scores, etc., and enjoy all you want of deliciously
prepared foods. Through a lucky draw of tickets, win unique gifts.
Enjoy a relaxing and friendly time exchanging golf stories with old and
new friends and other golfing associates.

* Redeem the value of your certificate anytime, as per membership
Guidelines defined above.

* Redeem the VALUE of your PC any time, as per Membership
Guidelines defined above.

* For the yearly outlay of very inexpensive ANNUAL DUES;
                     WOW, WHAT A BARGAIN!

     Is that you on hole #1?.   

     If not, why not ?.                   

     It could be. Call now  for an
Appointment