No Wake ski club close to Chattanooga Tenn. Lake owned by 10 shareholders (Currently 6 shareholders active skiers).
The lake is in a flood plain so no houses or living on the property. Strictly a ski lake.
Yearly Memberships offered to non shareholders currently for $2500.
Active Shareholders currently pay $1800 yearly.
2012 Mastercraft club boat supplied. Price the same even if club member wants to use their own boat. Currently everyone uses club boat.
Club members supply their own gas and pay for any boat repairs due to member negligence (example damaging boat prop).
All club members help in labor maintaining property. (Boat oil changes, mowing, slalom/Jump repair, etc).
Club expenses covered by $2500/$1800 membership fees:
Insurance $5000, taxes $2800, current boat payment ($900), boat insurance($500 est) porta john (?), electric bill(varies), lake maint, slalom course/ jump maint, Boat maint/Repair around $2500 yearly(sometimes more or less).
Note: Ski club shareholder/membership dues are adjusted yearly depending on how many members join in a particular year.
Expenses are estimated and membership fees are adjusted to meet expenses.
If a large unexpected expense occurs (example major boat repair or lake maint issue) an assessment may be charged to
current active shareholder/members to cover the expense. We had to do a $600 assessment per shareholder/member last
year due to unexpected Boat repairs, lake insurance and property tax increase.
I am an active shareholder so I paid $1800 plus a $600 assessment last year for a total of $2400.
A member last year paid $2400 plus a $600 assessment last year for a total of $3000.
This price seems reasonable to me for access to a private lake, ski course, ski jump and tournament ski boat.
oldmanskier