Page 18 - VCC 2022 Capital Plan New Binded
P. 18
MEMBER INVESTMENT
Assessments 1
Membership Classification One-Time Capital Total One-Time Capital
Assessment Assessment
Athletic 7,500 1,912,500
Social 5,000 315,000
Dining 2,500 85,000
Non-Resident 3,750 82,500
Junior 2 7,500 360,000
Military 1,500 28,500
Emeritus 3 0 0
Honorary 3 0 0
On Leave 4 0 0
TOTAL 2,783,500
1. Assessments will be billed on March 1, 2022 and will be due in three increments on March 1, May 1, and July 1, 2022
and are based on attrition projections. (Except Junior, see below)
2. Junior assessment is to be imposed as follows: $5,000 payable by year end 2022 at once or in even increments either
every or every-other month, and the remaining $2500 payable by year-end 2024 (two years).
3. These categories are not subject to Assessment
4. All on leave members are liable for assessments upon return.
