2 018 PEARL VALLEY GOLF COURSE MEMBERSHIP PLAN
CLUB MEMBERSHIP Membership period is valid from 1 March 2018 to 28 February 2019 Club Membership for Pearl Valley Home Owners allows the whole family (based on two adults and any dependent children under 25 years of age) to enjoy the following benefits: Access to the gymnasium, swimming pool, tennis courts, pétanque courts and other recreational facilities 10% discount on food & beverage items and merchandise in The Golf Shop Preferred green fees for member and guests (as set out per the 2018 green fees below) Complimentary use of practice facilities with range balls Access to Members Practice Range Access to Member tee times Access to Member competitions Optional affiliation and handicap service at a cost of R750 (including VAT) Jack Nicklaus Reciprocity (subject to election of affiliation and handicap service) MEMBERSHIP CATEGORY DESCRIPTION ANNUAL SUBSCRIPTION (VAT Excluded) VAT ANNUAL SUBSCRIPTION (VAT Included) Club Membership Per Erf R19 719 R2761 R22 480 MONTHLY SUBSCRIPTION (VAT Excluded) VAT MONTHLY SUBSCRIPTION (VAT Included) (Admin fee included in debit order option) R1808 / month R253 / month R2061 / month
FULL GOLF MEMBERSHIP Full Golf Membership is optional in addition to Club Membership. This membership must be paid in full and therefore monthly payments by means of a debit order is not available. Full Golf Membership includes the following: Complimentary green fees Affiliation and handicapping fees included in subscription Two complimentary green fee vouchers per Full Golf Member Excludes Junior & Youth prepaid golf members Please note that Full Golf Membership is not transferable nor available on a pro-rata basis MEMBERSHIP CATEGORY DESCRIPTION ANNUAL SUBSCRIPTION (VAT EXCLUDED) VAT ANNUAL SUBSCRIPTION (VAT INCLUDED) FULL GOLF MEMBERSHIP Per individual Primary Member (Optional) R15 009 each R2 101 R17 110 each JUNIOR GOLF MEMBERSHIP Linked to a Primary Member Per individual Junior Member for dependents up to the age of 18 (but subject to certain limitations) R4259 each R596 R4 855 each YOUTH GOLF MEMBERSHIP Linked to a Primary Member Per individual Youth Member for dependents (older than 18) up to the age of 25 (but subject to certain limitations) R5 596 each R784 R6 380 each HANDICAP SERVICE & FEE Club Member: Optional affiliation and handicap service at a cost of R750 (including VAT) valid from 1 January to 31 December 2018 available to Junior, Youth & Resident Members Full Golf Membership: Affiliation and handicapping fees included in subscription Additional Costs: Late registrations for existing members R150 will be charged for handicap reactivations after 31 January 2018. Fee for replacement handicap cards is R150
MEMBERSHIP PAYMENTS The 2018 membership period runs from 1 March 2018 to 28 February 2019 All Membership subscriptions are due annually in advance (note all Pearl Valley Home Owners have a Club Membership): 1. Early settlement of Club Membership subscriptions will receive a discount of: o 5.00 % - if paid in full for the year on or before 15 February 2018 R21 356 o 2.50 % - if paid in full for the year on or before 28 February 2018 R21 918 2. Monthly installments of Club Membership subscriptions are available via debit order only (debit authorization form attached) Please note an admin fee is included in this option. All Full Golf Membership subscriptions are optional and are payable annually in full and in advance on or before 28 February 2018. (A monthly payment option is not available for Full Golf Membership subscriptions) Only new Home Owners shall be granted pro rata subscription fees A full year s subscription fee will apply to Club Members wishing to upgrade to Full Golf Membership status during the course of the year Kindly confirm your membership option/s selected and in whose name/s your 2018 membership/s should be activated on or before 28 February 2018 Full Golf Memberships can only be activated upon receipt of the Club Membership subscription and selected Golf Member ship subscription payments for the full year Interest will be applied to any subscription amounts unpaid / outstanding as at the 4th day of each month at a rate of Prime plus 3% Tax invoices are available on request from Clyde Constable at debtors@pearlvalley.co.za If you wish to do an electronic transfer or direct deposit, the banking details are as follows: Account name: Pearl Valley Investments (Pty) Ltd Bank: Nedbank Branch: Tygerberg Winelands Type: Business current account Branch code: 198765 Account No: 1123389942 International Swift Code: NEDS ZA JJ Reference: Erf or Lodge number (e.g. Erf # for a home / erf or LC # or CP# for a lodge) Please email the proof of payment to Clyde Constable at debtors@pearlvalley.co.za
CAPITAL & INFRASTRUCTURE RESERVE FUND The objective of the capital & infrastructure reserve fund (CIRF) is to levy a contribution from every new home owner in order to create reserve funding for future infrastructure replacement needs of the Club facilities and Golf course (note that the CIRF levy was previous referred to as an entrance fee) A CIRF is therefore payable to Pearl Valley upon transfer of a property to a new owner The CIRF is R55 000 (VAT inclusive and non-refundable) This CIRF is included in the purchase price of properties owned by the Developer. CIRF is levied on all transactions where a change in the beneficial ownership structure of a property has occurred (eg. change in shareholding of company; change of membership in a CC or change in beneficiaries of a Trust) GOLF CARTS Private Carts All privately owned Silver Carts used on the Estate and on the golf course must be electric and have a decal sticker with the applicable erf / lodge number. Decal stickers can be ordered at The Golf Shop at a cost of R160. Pearl Valley Carts Pearl Valley owned Black Carts are available to members at a discounted fee of R350 per cart for 18-holes (R175 per player if sharing) and R180 per cart for 9-holes (R90 per player if sharing). CLUBHOUSE DISCOUNT Primary Club Members and their direct family (spouse and dependents up to the age of 25) will receive a 10% discount on merchandise in The Golf Shop and on all food & beverage items within the clubhouse, subject to the following: Discount cards for members will be issued on written request to Aletia at aletia@pearlvalley.co.za
Only junior members over the age of 14 may receive a discount card (the discount will still apply but under the supervision and card of an adult) A fee of R100 will be applicable for replacement discount cards. For cashless convenience at the club, members can load money on their club account and top-up when need at The Golf Shop 2018 GREEN FEES Green fees are inclusive of 18 holes of golf, a shared cart (except where otherwise stated) and access to the practice facilities (excluding Golf Member s Practice Range) with range balls prior to play. CATEGORY HIGH SEASON 1 JAN-15 APR 2018 LOW SEASON 5 MAY-14 OCT 2018 HIGH SEASON 15 OCT-31 DEC 2018 VISITOR R1 795 R850 R1 795 UNACCOMPANIED MEMBER GUEST /ASSOCIATED GUEST R995 R495 R995 ACCOMPANIED MEMBER GUEST - TO A MAXIMUM OF 3 (SENIOR & YOUTH) R695 R395 R695 CLUB MEMBER (SHARED CART INCLUDED) R550 R350 R550 JUNIOR GUEST (NO CART) R295 R195 R295
M E M B E R D E TA I L S In order for us to maintain communication with all our members, we ask that you to please inform Aletia at aletia@pearlvalley.co.za, if any of your personal details change. M E M B E R S H I P CA R D S Membership cards will be issued to all new members upon payment of their subscription fees Existing members will, on request, receive one replacement membership card free of charge each year In the event of a lost, stolen or damaged membership card, the member must please notify the Membership Manager immediately The fee for a replacement card is R100 (inclusive of VAT) Membership cards must be presented to qualify for the 10% discount on food & beverage items and purchases in The Golf Shop. N O M I NAT E A N E W M E M B E R Only a landlord in terms of a bona fide lease agreement of six months or longer may nominate a tenant for membership for a minimum period of six months within the membership period which runs from 1 March 2018 to 28 February 2019. By nominating a tenant for membership, the property owner thereby relinquishes all of his/her membership privileges for the period of nomination The property owner remains responsible for the payment of subscription fees The property owner must notify the Membership Manager in writing if they wish to nominate a candidate or tenant for membership
The property owner s membership may be transferred to the nominee subject to: o All Pearl Valley HOA Levies and Pearl Valley Club Membership subscriptions remaining up to date o Payment of a nomination transfer fee of R1 300 (including VAT) o Completion of the membership application form o Approval of the nomination by the Club. The nomination transfer fee above is applicable to all new applicants nominated for membership or to a change in nomination. For further details or any membership enquiries, please contact Aletia Oosthuizen on: +27(0)21 867 8000 or email her at aletia@pearlvalley.co.za PEARL VALLEY MEMBERSHIP 2018 RESIDENT JUNIOR & YOUTH INDIVIDUAL JUNIOR YOUTH CAPITAL & INFRASTRUCTURE RESERVE FUND CLUB SUBSCIRPTION R55 000 Once off on purchase of property R22 480 Linked to a Primary Member Linked to a Primary Member GREEN FEE - SUMMER R550 Shared cart included R200 No cart R395 Shared cart included GREEN FEE - WINTER R350 Shared cart included R110 No cart R260 Shared cart included HANDICAP FEE R750 R750 R750 FULL GOLF MEMBERSHIP R17 110 Per individual R4 855 Per individual R6 380 Per individual CART FEE R350 No cart R350 Valid from 1 March 2018 to 28 February 2019 1 Resident Membership per Erf is compulsory
DEBIT ORDER AUTHORISATION I/we hereby instruct Pearl Valley Investments (Pty) Ltd to debit my/our bank account monthly in respect of MEMBERSHIP SUBSCRIPTIONS CHARGED by Pearl Valley Investments (Pty) Ltd on the 1st day of each month of Erf, Pearl Valley. This instruction is to remain in force until cancelled by me/us in writing. My/our bank account details are as follows: ACCOUNT NAME: BANK: BRANCH: BRANCH CODE: ACCOUNT NUMBER: AMOUNT: I/We acknowledge that the party hereby authorised to effect the drawings(s) against my/our account may not cede or assign any of its rights to any third party without my/our prior consent and that I/we may not delegate any of my/our obligations in terms of this contract/authority to any third party without prior consent of the authorised party. Dated at on 20. Name: Signed: Please return form to Clyde Constable at debtors@pearlvalley.co.za