General Meeting Tues. Jan 13 for Equity Members
Notice of General Meeting
Tuesday, January 13, 2015 @ 7:30 pm
5500 Cornish Road
Bethesda, Maryland 20814
To All Seven Locks Equity Members:
In accordance with the By-laws, the Board is hereby inviting you to a general meeting of all Equity Members which will take place on Tuesday, January 13, 2015 at 7:30 pm at 5500 Cornish Road, Bethesda, MD 20814.
The agenda for the general meeting will be as follows:
I. Proposal and approval of annual operating budget of the Association for 2015.
Subject to the approval by the majority of the Equity Members in attendance at the General Meeting of the previous agenda item, the Board will submit the 2015 annual operating budget for approval by the majority of the Equity Members in attendance at the General Meeting.
II. Annual dues and membership fee structure.
Subject to the approval by the majority of the Equity Members in attendance at the General Meeting of the first agenda item, and the approval by the majority of the Equity Members in attendance at the General Meeting of the 2015 annual operating budget, the Board proposes the following annual dues and membership fee structure:
New equity (bonded) member:
One time membership fee/capital contribution of $925 (or three installments of $325)
Returning equity (bonded) member:
* Family: $675 annual dues
* Couple: $575 annual dues
* Individual: $475 annual dues
2015 Seasonal (summer) membership (offered after May 15 if available): $1200
III. Review Status of Tennis Bubble Proposal
IV. Other Business
In accordance with the By-Laws, the Equity Members in attendance at the Annual Meeting may transact such other business as may properly be brought before the meeting.
