middle bass island yacht club n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Middle Bass Island Yacht Club PowerPoint Presentation
Download Presentation
Middle Bass Island Yacht Club

Loading in 2 Seconds...

play fullscreen
1 / 56

Middle Bass Island Yacht Club - PowerPoint PPT Presentation


  • 166 Views
  • Uploaded on

Middle Bass Island Yacht Club. 1989 - 2007. MBIYC Reconstruction. This presentation has been prepared for the members of the Club. It attempts to show the Club management’s plan for the reconstruction of the the new State Park marina and the MBIYC grounds and buildings.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Middle Bass Island Yacht Club' - dyanne


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
mbiyc reconstruction
MBIYC Reconstruction

This presentation has been prepared for the members of the Club. It attempts to show the Club management’s plan for the reconstruction of the the new State Park marina and the MBIYC grounds and buildings.

All plans are still being developed but we have reached a point where membership approval is required to move further forward.

The Club Constitution requires the Officers and Directors of the Club to obtain member approval prior to indebting the Club. In order to execute the current reconstruction plan, a long-term lease commitment with state and financing from commercial institutions must be obtained.

We ask that you take in the complete presentation before beginning a questions and answer session as many of your questions may be answered throughout the presentation.

Thanks for your help,

John Wierzchowski

Commodore

mbiyc vision
MBIYC Vision
  • The "organization" shall continue to maintain, enhance and improve the club's facility for the enjoyment of its members, families and guests. To preserve and protect the natural habitat of the area for all that visit and abide by all laws and covenants set forth by the township and State of Ohio.
  • The "organization" shall maintain its commitment to all members for continued growth and prosperity of the Middle Bass Island Yacht Club for now and in the future.
special membership meeting
Special Membership Meeting

4.3 Special Meetings Special meetings of voting members may be called by any of the following:

4.3.1 The Commodore, or, in case of the Commodore’s absence, death, or disability, the Vice Commodore;

4.3.2 The directors by action at a meeting, or a majority of the directors acting without a meeting;

4.3.3 The lesser of (a) ten percent of the voting members or (b) twenty-five of the voting members.

4.4 Notice of Meetings Notices of all regular and special meetings of members shall be mailed to the last known address of each member entitled to receive such notice at least 20 days prior to regular meetings, and at least 10 days prior to special meetings. The inclusion of a Notice of Meeting in an official Club publication mailed the required time before such meeting will be deemed to comply with the foregoing provisions. Any notice of Special Meeting shall describe the object of the meeting, and no other business than that stated shall be acted upon at such meeting.

4.5 Postponement If weather or other circumstances make it impractical to hold a meeting as scheduled, the Board may postpone the meeting provided no such postponement shall be for a period longer than 30 days. Notice of such postponement shall be provided as directed by the Board.

4.6 Quorum At any annual, regular or special meeting of members, attendance in person by 10% of the Active members as determined by the records of the Club, shall constitute a quorum.

4.7 Voting

4.7.1 Attendance Attendance at meetings shall only be in person and voting may not be conducted by mail or the use of communication equipment, except with respect to election of directors, officers and elected committee members, where written absentee ballots may be used, or as specifically provided by the Board of Directors with such provision stated in the notice of meeting.

4.7.2 Number of Votes Each Active member present and in good standing in this Club shall have one vote on each question.

4.7.3 Voting Except as otherwise provided in Article 5, voting shall be by voice unless a poll is demanded by an Active member duly qualified to vote, in which event votes shall be cast by a show of hands. Upon a motion supported by at least one-fifth of the Active members present and voting, a roll-call vote shall be held. The presiding officer may require that voting be by secret ballot if circumstances warrant.

6.3  Authority   The Board of Directors shall have general control and management of the affairs, property and funds of the Club but, unless authorized by a two-thirds vote of the members present at any duly called meeting, shall not make the Club liable for any debt or debts beyond the amount of cash on hand at the time the debt is incurred.

meeting agenda
Meeting Agenda
  • How did we get here? Today’s Situation
  • Paths Pursued
  • State Negotiation Goals
  • Marina Plans and MBIYC Options
  • MBIYC Dock – Plans – Costs
  • MBIYC Leasehold – Plans – Costs
  • MBIYC Building(s) – Plans – Costs
  • Dollars & $ense – Plans – Forecasts
  • Questions & Answers
  • Call for Vote on Lease with State
  • Call for Vote on Financing
  • Call for Vote on Dues & Fees
meeting agenda1
Meeting Agenda
  • How did we get here? Today’s Situation
  • Paths Pursued
  • State Negotiation Goals
  • Marina Plans and MBIYC Options
  • MBIYC Dock – Plans – Costs
  • MBIYC Leasehold – Plans – Costs
  • MBIYC Building(s) – Plans – Costs
  • Dollars & $ense – Plans – Forecasts
  • Questions & Answers
  • Call for Vote on Lease with State
  • Call for Vote on Financing
  • Call for Vote on Dues & Fees
how did we get here
How Did We Get Here?
  • When the State acquired the marina and surrounding land in 2000 they became our landlord.
  • In 2003, the State committed to MBIYC to enter into a long-term contract for docks, land and buildings.
  • 2007 – State began reconstruction of the State Park Marina and MBIYC’s lease terminated in October 2007.
today s situation
Today’s Situation
  • State began reconstruction of the marina basin in October 2007.
  • Marina is closed until summer 2009.
  • State to award dock contract in January 2008 and finalize by March 2008. Dock deliveries to begin fall 2008.
  • Marina to reopen Spring 2009.
meeting agenda2
Meeting Agenda
  • How did we get here? Today’s Situation
  • Paths Pursued
  • State Negotiation Goals
  • Marina Plans and MBIYC Options
  • MBIYC Dock – Plans – Costs
  • MBIYC Leasehold – Plans – Costs
  • MBIYC Building(s) – Plans – Costs
  • Dollars & $ense – Plans – Forecasts
  • Questions & Answers
  • Call for Vote on Lease with State
  • Call for Vote on Financing
  • Call for Vote on Dues & Fees
paths pursued
Paths Pursued
  • Purchase our own property and construct our own marina outside the State Park.
  • Purchase our own property outside the State Park and purchase or lease docks within the State Park marina.
  • Lease property and purchase or lease docks within the State Park.
  • Lease only property within the State Park and utilize State Park docks in the manner as the general public.
  • Purchase or lease only docks within the State Park marina.
paths pursued1
Paths Pursued
  • Purchase our own property and construct our own marina outside the State Park.
  • Purchase our own property outside the State Park and purchase or lease docks within the State Park marina.
  • Lease property and purchase or lease docks within the State Park.
  • Lease only property within the State Park and utilize State Park docks in the manner as the general public.
  • Purchase or lease only docks within the State Park marina.
meeting agenda3
Meeting Agenda
  • How did we get here? Today’s Situation
  • Paths Pursued
  • State Negotiation Goals
  • Marina Plans and MBIYC Options
  • MBIYC Dock – Plans – Costs
  • MBIYC Leasehold – Plans – Costs
  • MBIYC Building(s) – Plans – Costs
  • Dollars & $ense – Plans – Forecasts
  • Questions & Answers
  • Call for Vote on Lease with State
  • Call for Vote on Financing
  • Call for Vote on Dues & Fees
state negotiation goals
State Negotiation Goals
  • To negotiate a long-term contract with the State to provide the Club with docks and land in the new State Park Marina.
    • Minimum 25 year term with renewal options.
    • Docks purchased by MBIYC for exclusive use.
    • Maintain or increase current dock capacity.
    • Minimize membership and dock cost increases to members.
meeting agenda4
Meeting Agenda
  • How did we get here? Today’s Situation
  • Paths Pursued
  • State Negotiation Goals
  • Marina Plans and MBIYC Options
  • MBIYC Dock – Plans – Costs
  • MBIYC Leasehold – Plans – Costs
  • MBIYC Building(s) – Plans – Costs
  • Dollars & $ense – Plans – Forecasts
  • Questions & Answers
  • Call for Vote on Lease with State
  • Call for Vote on Financing
  • Call for Vote on Dues & Fees
available options
Available Options
  • West End Location
    • West end of the marina is not desirable due to proximity to Park buildings and campgrounds.
    • Split dock arrangement
    • Must provide ADA docks near marina buildings
  • East End Location
    • East end is preferred by State
    • Offers separation from State activities
    • Dedicated Dock
recommendation
Recommendation
  • East End Marina Location
  • Clubhouse on southeast corner of Marina
  • NEXT – Determine dock requirements for Club members
meeting agenda5
Meeting Agenda
  • How did we get here? Today’s Situation
  • Paths Pursued
  • State Negotiation Goals
  • Marina Plans and MBIYC Options
  • MBIYC Dock – Plans – Costs
  • MBIYC Leasehold – Plans – Costs
  • MBIYC Building(s) – Plans – Costs
  • Dollars & $ense – Plans – Forecasts
  • Questions & Answers
  • Call for Vote on Lease with State
  • Call for Vote on Financing
  • Call for Vote on Dues & Fees
state proposal highlights docks
State Proposal Highlights - Docks
  • 25 year initial term + 15 year renewal option
  • MBIYC owns and maintains docks
    • Maintenance includes cleaning, repairs to fixtures, general upkeep, etc…
    • State will winterize and repair ice damage as required.
  • Single Pier (F) with 56 docks
  • Could lease extra docks on a seasonal basis from State in the future at a rate not to exceed the public seasonal rate.
current dockage
Current Dockage

Dock # description power water

A dock (39) 30’ slips single 120V/1Ø/30A non-potable water

(1) 30’ slip single 220V/1Ø/50A non-potable water

B dock (40) 30’ slips single 120V/1Ø/30A non-potable water

C dock (16) 20’ slips no power no water

N dock (12) 25’ slips no power no water

-----------------------------------------------------------------------------------------------------

Totals (40) 30’ slips with power non-potable water

(12) 25’ slips no power no water

(16) 20’ slips no power no water

(68) slips

today s situation1
Today’s Situation

MBIYC Boat Sizes

DOCK HOLDERSWAITING CLUB1 %

50’+ 0 1 1% 7 2%

49’ 0 0 0

48’ 1 2% 0 4 1%

47’ 0 0 0

46’ 1 2% 1 1% 4 1%

45’ 0 0 1 <1%

44’ 0 1 1% 2 <1%

43’ 1 2% 0 3 <1%

42’ 0 0 10 3%

41’ 1 2% 2 3% 3 <1%

40’ 0 1 1% 7 2%

39’ 2 4% 1 1% 6 2%

38’ 1 2% 5 7% 14 4%

37’ 2 4% 2 3% 16 4%

36’ 2 4% 2 3% 17 5%

35’ 1 2% 6 9% 8 3%

34’ 7 12% 12 17% 43 12%

33’ 4 7% 4 6% 19 5%

32’ 7 12% 6 9% 33 9%

31’ 1 2% 4 6% 23 7%

30’ 3 5% 5 7% 24 7%

25’-29’ 13 23% 13 19% 76 21%

<25’ 10 18% 4 6% 33 9%

Total 57 70 353

1Club data based on 2006 membership roster – There is not data available for all members.

tomorrow s needs
Tomorrow’s Needs

New Slips (length x well for 2 boats)

SLIPS2 # Needed3 #Desired4 %

32’ x 30’ 34 60% 28 45%

36’ x 33’ 14 25% 16 25%

40’ x 35’ 5 9% 8 12%

44’ x 40’ 2 3% 4 6%

45’ x 40’ 0 4 6%

52’ x 40’ 2 3% 4 6%

Total 57 64 100%

2Slip size is taken from sizes presented at Feb. State meeting. Well size is based on average boat beam with 4’-5’ spacing between docked boats.

3#Needed is based on current dock holder boat sizes.

4#Desired is based on the max we think we can get from the State and overall membership boat sizes.

dock layout
Dock Layout

(28) 30’ – (16 ) 36’ – (8) 40’ - (4) 44’ – (4) 45’ - (4) 52’64 Total

marina plans f dock
Marina Plans – “F” Dock

56 Total

(6) 44’ – (2) 48’ (16) 36’ – (8) 40’(24) 30’

(28) 30’ - (16 ) 36’ - (8) 40’ - (4) 44’ - (4) 45’ - (4) 52’

marina plans f dock1
Marina Plans – “F” Dock

56 Total

(6) 44’ – (2) 48’ (16) 36’ – (8) 40’(24) 30’

(28) 30’ - (16 ) 36’ - (8) 40’ - (4) 44’ - (4) 45’ - (4) 52’

State Estimated “F” Pier cost - $850,000

meeting agenda6
Meeting Agenda
  • How did we get here? Today’s Situation
  • Paths Pursued
  • State Negotiation Goals
  • Marina Plans and MBIYC Options
  • MBIYC Dock – Plans – Costs
  • MBIYC Leasehold – Plans – Costs
  • MBIYC Building(s) – Plans – Costs
  • Dollars & $ense – Plans – Forecasts
  • Questions & Answers
  • Call for Vote on Lease with State
  • Call for Vote on Financing
  • Call for Vote on Dues & Fees
state proposal highlights leasehold
State Proposal HighlightsLeasehold
  • 25 Year Initial Term + 15 Year Renewal Option
    • The 25 year term provides MBIYC with the necessary time to pay off the financing required without requiring fee increases so large that membership retention is adversely affected. The membership has indicated it will support increases to fund the new marina and facilities but support will be lost if the increase exceeds 150-175% of current levels.
leasehold proposed1
Leasehold - Proposed

MBIYC|0.6-0.7 acres

Previous Lease – 2.4 acres - $20,000 per year

Proposed Lease – 3.1 acres - $10,000 first 2 years $15,000 next 3 years

Then – negotiated adjustments every 5 years

leasehold value calculation
Leasehold Value Calculation
  • Water
    • 104,000 ft2 x .05/ft2 = $5,200
      • $0.05/ ft2 was determined from recent appraisals for submerged land leases.
  • Land
    • $100,000/acre x .7 acres = $70,000 x 12% return = $8,400
  • Calculated Lease Rate (First 5 Years)
    • $5,200 + $8,400 = $13,600 x 5 years = $68,000
  • Negotiated Lease Rate (First 5 Years)
    • $10,000 per year, first 2 years - $15,000 per year, next 3 years
    • Total First 5 Years = $65,000
  • Previous Lease Rate - $20,000 per year = $100,000/5 years
meeting agenda7
Meeting Agenda
  • How did we get here? Today’s Situation
  • Paths Pursued
  • State Negotiation Goals
  • Marina Plans and MBIYC Options
  • MBIYC Dock – Plans – Costs
  • MBIYC Leasehold – Plans – Costs
  • MBIYC Building(s) – Plans – Costs
  • Dollars & $ense – Plans – Forecasts
  • Questions & Answers
  • Call for Vote on Lease with State
  • Call for Vote on Financing
  • Call for Vote on Dues & Fees
building s costs
Building(s) - Costs
  • Preliminary Plan A Only!
  • Features
    • About twice as large as our tent.
    • 38’x29’ Great Room with Fireplace. (170 people max)
    • Large screened windows face marina (north) and lake (east).
    • Propane grilling area on outside wall of fireplace facing docks.
    • 4 Stall, 2 Sink Women’s Restroom
    • 2 Stall, 2 Urinal, 2 Sink Men’s Restroom
    • 4 Stall Shower Facility
    • 16’x19’ Warming Kitchen
    • Office and Storage Rooms
  • Estimated Construction Cost
    • 2,690 square feet @ $130 per sq.ft. = $349,700
meeting agenda8
Meeting Agenda
  • How did we get here? Today’s Situation
  • Paths Pursued
  • State Negotiation Goals
  • Marina Plans and MBIYC Options
  • MBIYC Dock – Plans – Costs
  • MBIYC Leasehold – Plans – Costs
  • MBIYC Building(s) – Plans – Costs
  • Dollars & $ense – Plans – Forecasts
  • Questions & Answers
  • Call for Vote on Lease with State
  • Call for Vote on Financing
  • Call for Vote on Dues & Fees
dollars ense summary
Dollars & $ense – Summary

Capital and Finance Assumptions

  • Docks - $750,000 - $850,000
  • Club - $350,000
  • Total - $1,100,000 - $1,200,000
  • 20% Downpayment
  • Finance – Bank, Building Fund, Bonds
  • Bank Interest – 8%
  • Financing Up to $1,000,000
dollars ense summary1
Dollars & $ense – Summary
  • Membership and Dues Assumptions
  • Membership – 350 - 400
  • Dues - $225
  • Initiation - $250 Work Hour - $50
  • Docks - $475 - $775 (30’ – 50’)
  • Transient – $35/Night
  • Transient Nights – 500 - 800
dollars ense summary2
Dollars & $ense – Summary

Annual Income and Expense

  • Income - $166,000
  • Expense - $150,000
  • Cash Flow - $16,000
  • Bank Required Cash Flow - $13,000
meeting agenda9
Meeting Agenda
  • How did we get here? Today’s Situation
  • Paths Pursued
  • State Negotiation Goals
  • Marina Plans and MBIYC Options
  • MBIYC Dock – Plans – Costs
  • MBIYC Leasehold – Plans – Costs
  • MBIYC Building(s) – Plans – Costs
  • Dollars & $ense – Plans – Forecasts
  • Questions & Answers
  • Call for Vote on Lease with State
  • Call for Vote on Financing
  • Call for Vote on Dues & Fees
meeting agenda10
Meeting Agenda
  • How did we get here? Today’s Situation
  • Paths Pursued
  • State Negotiation Goals
  • Marina Plans and MBIYC Options
  • MBIYC Dock – Plans – Costs
  • MBIYC Leasehold – Plans – Costs
  • MBIYC Building(s) – Plans – Costs
  • Dollars & $ense – Plans – Forecasts
  • Questions & Answers
  • Call for Vote on Lease with State
  • Call for Vote on Financing
  • Call for Vote on Dues & Fees
call for vote lease
Call for Vote - LEASE
  • To permit the Commodore and the Board of Directors of MBIYC to negotiate and execute a Lease with the State of Ohio for property located at the Middle Bass Island State Park Marina. Term of the Lease shall be not less than 25 years with an option for an additional 10 years. Lease rate shall be $10,000/yr for 2 years, $15,000 for 3 years then as negotiated.
call for vote financing
Call for Vote - FINANCING

To permit the Board of Directors of MBIYC to negotiate and execute required financing for the purchase of docks and construction of buildings on the property leased from the State of Ohio at the Middle Bass Island State Park Marina. The total amount of debt incurred shall not exceed $1,000,000 for a term of no longer than 25 years.

call for vote dues fees
Call for Vote – Dues & Fees

To increase the MBIYC membership dues for active members to $225 per year and the Club Initiation Fee for new members to $250, effective January 1, 2009.