Lakewood CC - Potomac Membership

Lakewood Country Club Membership Program

for Potomac Tennis Club Members

The Best Is Reserved For The Very Few...

Dear Potomac Tennis Club Member:

The Board of Directors of Lakewood Country Club is pleased to extend to you and your family the enclosed offer for Membership at Lakewood. The Board recognizes that this is a unique situation and, as a result, deviated from our normal membership plan to craft a program that we believe will appeal to a number of Potomac members while providing a fair and equitable balance when weighed against what existing Lakewood members paid as part of their membership.

However, the Board also stressed that Lakewood is, first and foremost, a country club. To move off center from this central point is not in the best interest of our existing members and their families. There is a rich and powerful heritage that has been created at Lakewood over the past 56 years and while we welcome those Potomac members who wish to become part of our history, it must be in a setting that best reflects our past and what we strive to be in the future.

It must be noted that this offer is time sensitive. Furthermore, Potomac members making application for membership must qualify for membership in the same manner as all current Lakewood members have done. This includes a credit and background check, and be approved for membership by the Board. The lone exception is that Potomac members do not need to have sponsorship from existing Lakewood members.

This initial offer is open to the first 60 Potomac members who join before November 30, 2015. Beginning December 1, 2015, the membership Initiation Fee will escalate. Lakewood is aware that Potomac members may have other options regarding where to call you new tennis home. We believe that the combination of our location, our willingness to step forward and make upgrades and improvements to our courts, fitness facilities and the addition of a bubble for our outdoor courts, all done to accommodate Potomac members, speaks volumes about how we value you becoming part of the Lakewood family.

In addition, as a member-owned club, Potomac members would, as do all current Lakewood members, have a strong voice in any changes proposed for the Club. In addition, you would have the opportunity to become part of the leadership of the Club by serving on committees, helping to develop policies related to your sport to improve the overall member eperience. Having felt the impact of a club not owned by its members, we would hope that you would not look to repeat this experience at another club.

The following categories comprise the current membership program at Lakewood.

Regular Membership is the complete package. The member, spouse and dependent children under 25 have use of all Club amenities.

Young Executive membership is designed for those 21-40, seeking a great club experience, while willing to enjoy their golf on weekdays and weekend/holiday afternoons! A special initiation fee payment structure is offered, spreading the initiation fee over time following an initial deposit. In addition, Young Executive members benefit from reduced dues based upon their age.

Social Membership is targeted at families more focused on Dining, Club Events, Tennis, Aquatics and Fitness. Golf is not among the Club amenities available to Social members.

Potomac members may elect to make application for a category other than Social. The survey’s indicated that a number of Potomac members desired to make application for Regular membership. Consequently, Lakewood has put together an offering to address this as well. Those wishing to make application for Regular, Young Executive or Associate membership should contact Lakewood’s COO David Pendy for additional details.

Membership Committee

Potomac MembershipInitiation Fee Monthly Dues Building Fund

$3,500 $432.87 $103.00* deferred for 2 years

• Upon acceptance to membership, Initiation fee is payable in full.

• Social members and their dependents, under the age of 25, may take advantage of Lakewood’s Clubhouse, Aquatic Center, Tennis Complex and Fitness Facility

• Social members and dependents may attend all Lakewood Club social functions and have use of the Club’s dining areas

• Social members may use the Club for social, family or business events• Social members do not have use of Lakewood’s Golf facilities, even as a guest of another member• Potomac members are exempt from the Club Building Fund for the first two years of membership• All Lakewood members have a $300 quarterly food and beverage minimum• Potomac members are exempt from Operating Assessments during their first year of membership• Potomac members must sign a promissory note agreeing to remain a member for three years• Potomac members may begin using Lakewood’s dining amenities immediately upon acceptance,

however, they will not begin paying monthly dues until April 2016

LakewoodCountryClub•13901GlenMillRoad•Rockville,Maryland20850•301-762-5430www.lakewoodcc.org Effective9/18/2015

Membership at Lakewood is By Invitation Only,maintainingthetraditionestablishedduringClub’sformationin1959.Thispolicy, which requires sponsorship by current members, ensures that new members enhance the Club and that they will enjoy the camaraderie and family environment that is such a strong part of the Lakewood experience.

Category Initiation Fee Monthly Dues

Building Fund

Regular$20,000

$5,000 deposit with application. Balance due upon acceptance to membership.

$696.39 $130.00 *

Young Executive(Age 21-40)

$15,000$3,000 initial payment, balance spread in equal

annual payments through age 40

Varies with age

See Schedule

Associate $12,500 $505.07 $130.00

Regular Social $6,000 $432.87 $103.00

Corporate(Transferable)

$20,000 | $17,000 | $15,000 | $13,000Primary Member with Associate Memberships $696.39 $130.00 *

• * The Capital Fund obligation for new Regular Members begins in their fourth membership year• All New Members exempt from any Operating Assessment during first year of membership• All Members have a monthly Food and Beverage Minimum, which is billed quarterly at $300• An Initiation Fee deposit is due upon submission of application.• Annual Locker Fee is $150 for both Men and Women• All Golfing Members pay an annual Range Fee of $250, an optional bag storage fee of $115, and a Handicap Fee of $40• Young Executive Members have golf course access on weekdays, and weekends/holidays after 1:00pm• Associate Members have golf course access for weekday play only• Social Members have access to all Club amenities except golf; Social members may not accompany a current member

for golf, even as a guest• Corporate Memberships are transferable with payment of appropriate transfer fee

Membership at Lakewood is By Invitation Only,maintainingthetraditionestablishedduringClub’sformationin1959.Thispolicy, which requires sponsorship by current members, ensures that new members enhance the Club and that they will enjoy the camaraderie and family environment that is such a strong part of the Lakewood experience. To learn more about Membership opportunities at Lakewood, please contact Debbie Rayman at 240-778-2007 or at [email protected].

LakewoodCountryClub•13901GlenMillRoad•Rockville,Maryland20850•301-762-5430www.lakewoodcc.org Effective 4/1/2015

Young ExecutiveAge Initiation Fee Monthly Dues Building Fund

21-25 $15,000 $208.92 $39.00

26-30 $15,000 $313.38 $58.50

31-35 $15,000 $452.65 $84.50

36-39 $15,000 $557.11 $104.00

• Upon acceptance to membership, member may opt to initiate a Payment Plan for his/her Initiation Fee. An Initiation Fee deposit of $3,000 will be due. Balance of $12,000 may be paid in equal annual installments between current age and age 40, upon the anniversary of membership

• Individuals between 21 and 40 years of age, who are not a child of an existing member, may make application for membership to Lakewood in the Young Executive Category

• This category is non-stock and does not hold voting privileges• Young Executive members and their dependents, under the age of 21, may take advantage of Lakewood’s

Clubhouse, Aquatic Center, Tennis Complex and Golf course on weekdays. In addition, Young Executive members have golf privileges on weekends and holidays after 1:00pm

• Have use of the Club’s extensive golf practice facilities at times also available to Regular members• Young Executive members may play in Club golf tournaments as defined by the Board, Director of Golf or

Lakewood’s GM/COO• Young Executive members may pay the balance of their initiation fee at any time prior to reaching age 40 and

will then become Regular members with full voting rights and all Regular member privileges. Regular member dues and fees would also begin at that time



Associate MembershipInitiation Fee Monthly Dues Monthly Building Fund

$12,500 $505.07 $130.00

• Associate Members and his/her immediate family enjoy full privileges of Lakewood’s Clubhouse, Tennis Complex, Fitness Facility, Aquatic Center and attendance at Club events

• Associate members are permitted to use the Club’s golf facilities on weekdays only• Club policy does not permit Associate members to use the golf facilities on Saturdays, Sundays, or

holidays, even as the guest of a current member• Associate members may elect to pay their Initiation fee in two installments - $6,500 due upon election

to membership and a final payment of $6,500, payable on or before his/her second anniversary of membership - with a $500 financing premium added to the payments



• A Rees Jones Championship course• Extensive practice facility to develop your game• Nationally recognized PGA teaching professionals• Completely renovated bunkers, using the

“Better Billy Bunker” system• Outstanding PGA professional Staff• Programs for Men, Women and Juniors• Junior Camp and clinics

Memberships consist of a person at least 21 years of age and his/her immediate family who are bona fide residents within a 100 mile radius of the Club. ‘Immediate family’ includes the member’s spouse and unmarried children of member or spouse under the age of 25. Privileges granted to a child of a member cease when the child marries or ceases to reside at the parent’s residence. Memberships are not transferable. All Candidates for Membership must be approved by Lakewood’s Board of Directors. All fees are subject to change. Membership is subject to the initiation fee schedule applicable at time of admission to membership. NOTE: Initiation fee may be paid with a major credit card with an additional 3% processing fee. Contact Debbie Rayman at [email protected] for information.


• Four indoor courts in a permanent well-lit facility• Six Har-tru outdoor courts• Practice wall and ball machine• Extensive programs for players at all levels• Talented USPTA staff, including the Maryland

Pro of the Year• Professional, individualized Fitness instruction• Well-equipped Fitness Center

• Spacious, beautiful, relaxing landscaped Aquatics Center with large veranda

• Drink and meal service available• Three pools; Lap pool, Diving well and toddler• Zero-entry area for novices and beginners• Competitive Youth Swim Team - The Gators!

• The Rees Jones Grille; the social hub of Lakewood• The“TheMarketat59”isarelaxing,adultdiningarea• Award-winning culinary team led by European-

trained Executive Chef Matthias Wieder• Private member dining areas available

• Spacious 4,700 sq. ft. ballroom for events up to 300 guests• An 800 sq. ft. dance floor• Panoramic view of golf course from Overlook Room• Wide outdoor veranda with outstanding sunset views• Professional and skilled staff to ensure the success of your event

DiningSwim

Golf Tennis & Fitness

Celebrations

Lakewood Country Club

13901 Glen Mill Road

Rockville, MD 20850

301.762.5430

Documents

Lakewood CC - Potomac Membership