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 NEWSLETTER |
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THE PRESIDENT'S MESSAGE - June 2008 While the weather wasn't quite as wild as the same time last year, the extensive rainfall has taken its toll on the course as well as club turnover. It just underlines how extensively our fortunes vary with the fickle factor of the weather. The one constant however has been the consistent professional response of our greens staff led by Andrew Banning. Hopefully the weather won't be a factor in our timetable for the winter renovations, commencing with the fairway area between the 6th and 16th holes.
A presentation of the development proposal was made to the Mayor, Councillor's and Council Staff at the Council Chambers on Wednesday, June 4. Craig Ellis, myself and John Stevens outlined the economic position, a brief historical background, and preliminary quality assurance and architectural detail. Council response was very positive. Combined with the full support of the commercial team from the Department of Lands, the position and proposal look very promising at this point. The possibilities will now be analysed by council planning staff, who will make a recommendation to council by the end of July, 2008. This recommendation will form the basis for future action by the Board including calling a special meeting to seek membership support to go forward. This will obviously be a critical period of time for the Club. One of the key member concerns that came across at our information evening, held in March, was that of not wanting to sell off our only asset. This is a valid concern that requires further explanation. At present, zoned as 6a (Open Space and Recreation) our piece of land is worth approximately $500,000. The real value of our land is not available to us until an appropriate rezoning has occurred, and another willing party has paid market value for it. The Board believes in protecting the integrity of this realized value for, and in the control of, the full playing members of this golf club. After completion of the clubhouse, all excess funds, estimated to be of the order of $5,000,000, will be invested in trust. There will be rules surrounding the management of this trust. As an example, the capital within this trust will not be accessible to spend or borrow without the permission of the members via a special resolution. So in response to the member's key concern of losing our only asset the Board's response is that we are in fact significantly escalating the value of our land asset, realizing that value in terms of a new clubhouse and a $5m Trust Fund and ensuring that the Trust is regulated as a protected, yet usable, asset controlled by the full playing members of Tuggerah Lakes Golf Club! The other projects that have been outlined such as a new greens maintenance shed, irrigation system upgrade, course master plan completion etc.
will be undertaken on a planned basis utilizing funds from Trust interest and trading surpluses. This will ensure the ongoing development and
improvement of the Tuggerah Lakes Golf Club as well as ensuring the protection and growth of our investment asset. MOANER'S CORPORATE DAY Congratulations to the Moaners on the celebration of their 50th Anniversary. This was done in style on the Corporate Day,
which once again surpassed expectations for a well organized quality event. This unique and lively group contribute significantly
to the life and income of TLGC and are to be congratulated on their effective longevity. Special thanks to Garry Craig for over
twenty years service on the Moaner's Executive including the last 8 as President.  |
News Archive (Click Headlines) Two Share 07 Pro Am Crown
Anthony Summers and David L. Partridge shot 3-under-par 68s to split the winner's cheque at the Central Coast
Express Advocate & Coca-Cola $10,000 Pro Am, held Friday at Tuggerah Lakes Golf Club. Open Amateur Stunner
TLGC member Stewart Creswick produced a stunning finish to overtake some of the state's best golfers and win the Tuggerah
Lakes Golf Club Open Amateur individual stroke event held Saturday, 8 September, 2007. Woodward & Wehrle Triumph
Six-time club champion Brett Woodward (+1) and fellow A Grader Rodney Wehrle (4) proved too strong a combination against a top
field in this year's Foursomes Championship, held Sunday 26 August, 2007 at Tuggerah Lakes. Top Gun Winner 07
Sean Cameron overcame a top-class field of TLGC members to claim this year's Top Gun Shootout, held Sunday 4 February, 2007. Newsletter Archive
Click here for the May Newsletter |
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