Purchase of Club Rooms

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ForSaleThe Club for many years has considered owning property. Initially monies were obtained by the running of raffles with the committee looking to purchase a country property. Unfortunately this did not come to fruition and the monies were invested in term deposits.

For this purpose a sub-committee has been formed and I have volunteered to chair it. Below is part of the submission that was tabled and approved at the committee meeting on 19 April 2011.

We welcome any input or offers of expertise from the membership. We would like to highlight that any input must include how an idea or proposal could be implemented. If possible please include what you, as a member, can do to facilitate the application of your proposed ideas if approved. Please forward all correspondence to the following email address; [url=mailto: This e-mail address is being protected from spambots. You need JavaScript enabled to view it ] This e-mail address is being protected from spambots. You need JavaScript enabled to view it [/url].

Mission

To look into the viability of purchasing a property and creating permanent club rooms for the BMW Motorcycle Club of Victoria Inc.

Task

It was recommended that the task be conducted in two stages, with the initial stage making a submission to the membership on the financial viability of purchasing premises at a recommended location.

Stage One – Prior to purchase

Terms of reference:

  1. Establish whether the property can be owned solely.
  2. Establish whether the property can be owned in partnership with another motorcycle/automotive club.
  3. Establish the viability of renting the property, either partly or wholly to other clubs or business.
  4. Approach financial institutions to establish the borrowing capability of the BMW Motorcycle Club of Victoria Inc.
  5. Approach other motoring clubs with a view to going into partnership in the purchase of the property.
  6. To recommend ways for members of the BMW club or other participating club to contribute and participate in the purchase and establishment of the club rooms.
  7. Recommend a location and size of the property.
  8. Request written suggestion from the club membership including proposed method of carrying out the suggestion.

All financial records and any other material or information of club membership should be made available to the members of the sub-committee for this purpose only.