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More on Docks 40% of our docks are already reserved
Dock June 2008 Update
Within next few weeks we will be submitting our
final proposal to the State for "The Docks at New Galena" project for
approval. We've met several times with the State to address their questions
and concerns with our project and we're hopeful that our final proposal will
be approved. This would provide a 2009 construction at the earliest. We
appreciate your interest and inquiries regarding the project and your
patience with this process.
We appreciate your
interest in “The Docks at New Galena” project. We met with the State regarding our dock proposal
on Friday, April 27th. The meeting went well and the State is willing to work
with us in presenting our proposal to the Army Corp of Engineers, who will
have the final say. We have a couple of tweaks to make in our proposal but
nothing that could be a detriment to our plan.
Although we have not yet received formal approval on this project, we are very optimistic. The facilities will have approximately 100 docks with electric, water, and cable hook up. Our vision is to include restroom/shower facilities, a shelter house for gatherings, green space to enjoy and parking. The project will be funded by Dock Holder Lease Agreement (DHL), any federal or state grants we may receive and fundraising opportunities. Securing a DHL will provide you a dock for 18 years. The cost to reserve a DHL is $500.00. The $500.00 reservation money is at-risk, meaning those funds will be used to pay for the initial project costs the club may incur to get the marina project underway. If the project does not come to reality, any funds from the DHL reservations remaining after paying all debts, will be split evenly among the DHL participants and refunded. All those reserving a DHL will be required to pay additional monies over the next 3 years to fund the marina project in accordance with the proposed schedule below: Initial Reservation cost :
$500.00 This capital is necessary to begin the project once we’ve been approved by the State. Having the capital in the bank demonstrates to the State that we are financially sound. This entire project must be paid with available capital as we have no intention of financing any portion of this project. Any money above the initial at risk money ($500.00) is fully refundable if the project is not approved. Annual maintenance fees will be incurred by all DHL owners. These fees will cover general maintenance costs as well as provide additional funding for future phases of the construction. We look forward to you joining the Alum Creek Powerboat Club in building a club and a marina that we will all enjoy for years to come. Remember, don’t delay 40% of our docks are already reserved! You
can join the Alum Creek Powerboat Club now by clicking on this link below: |
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