|
Membership
Child Conversion Rates
This is an excellent opportunity to take advantage of our Child Conversion Program based on the initiation rate of $30,000. Children of Master Members are eligible to join The Club at a reduced initiation fee until their 35th birthday. The fee is based on a percentage of the current initiation rate at the time they convert. Children can ski under their parent's membership until their 35th birthday.
A. Inactive membership: no annual dues are payable until the membership option is activated, Children can ski under their parent's membership by paying dues appropriate to their age category until their 35th birthday or until the option is exercised whichever comes first.
B. Once the option is activated: annual dues are payable in accordance with the current annual dues schedule, thereby, children can no longer ski under their parent's membership, as they are now full life members.
For example, Child under 21:
| 10% of Current Initiation Fee ($30,000) |
$ 3,000.00 |
| 20% Deposit required |
$ 600.00 |
| Add 5% GST on full amount |
$ 150.00 |
| Total Deposit |
$ 750.00 |
| |
|
| Balance Owing |
$ 2,400.00 |
| Payable over 5 years, interest free, which amounts to $480.00 per year. |
CHILD CONVERSIONS $30,000
| Age |
% |
Total Initiation |
Deposit 20% |
5% GST |
Total Deposit |
Balance Owing |
5 Yearly Payments |
| Under 21 |
10.00% |
$3,000.00 |
$600.00 |
$150.00 |
$750.00 |
$2,400.00 |
$480.00 |
| 21 - 24 |
15.00% |
$4,500.00 |
$900.00 |
$225.00 |
$1,125.00 |
$3,600.00 |
$720.00 |
| 25 |
16.50% |
$4,950.00 |
$990.00 |
$247.50 |
$1,237.50 |
$3,960.00 |
$792.00 |
| 26 |
18.00% |
$5,400.00 |
$1,080.00 |
$270.00 |
$1,350.00 |
$4,320.00 |
$864.00 |
| 27 |
19.50% |
$5,850.00 |
$1,170.00 |
$292.50 |
$1,462.50 |
$4,680.00 |
$936.00 |
| 28 |
24.50% |
$7,350.00 |
$1,470.00 |
$367.50 |
$1,837.50 |
$5,880.00 |
$1,176.00 |
| 29 |
29.50% |
$8,850.00 |
$1,770.00 |
$442.50 |
$2,212.50 |
$7,080.00 |
$1,416.00 |
| 30 |
34.50% |
$10,350.00 |
$2,070.00 |
$517.50 |
$2,587.50 |
$8,280.00 |
$1,656.00 |
| 31 |
39.50% |
$11,850.00 |
$2,370.00 |
$592.50 |
$2,962.50 |
$9,480.00 |
$1,896.00 |
| 32 |
44.50% |
$13,350.00 |
$2,670.00 |
$667.50 |
$3,337.50 |
$10,680.00 |
$2,136.00 |
| 33 |
49.50% |
$14,850.00 |
$2,970.00 |
$742.50 |
$3,712.50 |
$11,880.00 |
$2,376.00 |
| 34 |
54.50% |
$16,350.00 |
$3,270.00 |
$817.50 |
$4,087.50 |
$13,080.00 |
$2,616.00 |
|
| |
