President's Message to Members

This week, members received an update from the president of the Country Club regarding the Vincentia Club. In full, this is what he said:

"By now each member has had the opportunity to digest the contents of the Tully Heard sustainability report regarding Country Club Vincentia (CCV) The report indicated that the future of CCV was very limited indeed, and so your Board set about determining what appetite, if any, that it had for ‘ risk ‘. We adopted a very conservative approach which was described as scenario 8 at the members information session. Scenario 8, quite simply was to sell a limited parcel of land to a Senior’s Living provider and continue discussing possibilities of a model with an integrated clubhouse. Of great concern to the Board was the impact of substantial recurring financial losses during the pre-construction stage of the project. This concern will need to be addressed before we proceed any further. We are confident that a meeting of members will be called this year to unveil a concept plan together with all financial details. At this meeting a vote will be taken to re-classify core land to non-core land. The Senior’s Living provider will be undertaking extensive consultation with all the residents of Vincentia ( particularly those who live near CCV ) and community groups, leading into the member’s meeting."