PPRSC update on cell phone tower proposal

Dear PPRSC Member, As you are aware, the Club has been approached by a cell phone tower developer to consider a ground lease for the placement of a tower on […]

Dear PPRSC Member,

As you are aware, the Club has been approached by a cell phone tower developer to consider a ground lease for the placement of a tower on Club grounds. As elected board members with a fiduciary responsibility to the Club, we have given this proposal the required analysis, thought and consideration. After careful examination, the Board has voted not to proceed with the project.

There were a number of things that went into the decision making process. The main factors weighting for and against the project are largely self-evident, with concerns being safety and aesthetics, while the benefits financial in nature.

Since everyone can understand the concerns, I feel it is important to convey to membership why we gave this project consideration.

We are certainly a very efficiently run operation. Comparing our dues to just about any other tennis and swim club in the area, we offer a tremendous value for our members. However, we are facing the need for capital improvements on the near horizon as our club has had little renovations or remodeling since it was built in 1970.

We are currently in the process of addressing a number of these capital improvement items. In the fall we resurfaced our tennis courts. And prior to opening in the spring, we will be completing a renovation of our clubhouse interior and restrooms, which have been common topics of member feedback (complaints) for years.

In addition to these projects, there are other areas that will need attention. The parking lot is in need of repair. The pool plaster is past its expected life. The club exterior is in need of updating. Paramount to any of this, we are in need of establishing a capital reserve fund – something that has been neglected for far too long.

The tower project would have provided an up-front cash infusion of over $75,000, and later an annual income stream of over $13,000. This would have gone a long way toward offsetting much needed improvements noted above. We as a board feel it is important to communicate the opportunity cost of not proceeding with this project.

Over the short duration of this project’s consideration, we received some strong feedback by a vocal minority of our membership. On the positive side, we were led to believe that some were very interested in making generous donations to the club’s capital reserves. We are looking at ways to raise money for our capital reserve fund and we will soon reach out to all of you looking for help. If you have any ideas on how we can raise funds please reach out to me or anyone on the board.

Thank you for your patience and support of the PPRSC board.

Happy New Year
David Rand –Board President