Jonesboro Country Club Membership

Membership Classifications

Regular Resident Membership

The Regular Resident Member and Spouse shall enjoy all of the privileges of the Club, including golf, outdoor tennis, pool, dining room, bar, and all activities the Club provides. The cost of the membership is as follows:

Initiation Fee:         $2,500.00

Stock:                    $1,100.00

Tax:                          $212.50

Total:                     $3,812.50

The value of the stock, which can increase in value, will be returned upon resignation and the account is paid in full.

Current Monthly Fees

Monthly Dues:                     $200.00

Debt Service:                       $45.00

Food Minimum:                     $40.00

Total Monthly Costs:            $285.00

The Food Minimum is credited to your first $40.00 of food purchases each month.

Should you choose to play Indoor Tennis, there is an $11.00 per month Indoor Court Fee plus a $50.00 annual fee to be a member of the Jonesboro Country Club Tennis Association (JCCTA).

All monthly costs are subject to sales tax.

This membership allows the right to vote and hold office and shall have full right, jointly, of ownership in the Club's properties and assets. Unmarried dependent children may also enjoy all the privileges of the Club except the right to vote, hold office, or to be owner of properties of the Club. The eligible children must be still living in the member's home or attending college full time and be 23 years of age or under. The Jonesboro Country Club Board of Directors must approve all applications and resignations.

Corporate Membership

Corporate memberships afford the same privileges as the Regular membership to ONE representative of a company and his immediate family. For a $500.00, plus tax, transfer fee, the membership may be transferred to another individual therefore saving a major portion of the cost of initiation fee for a new membership. Not more than ONE member of the corporation may use the membership at one time. The Jonesboro Country Club Board of Directors must approve all applications and resignations.

Junior Membership

Junior memberships afford the same privileges as the Regular membership with the exception of the right to vote, hold office, and have ownership of properties and assets. You must be under 35 years of age to apply for the Junior membership. There are two (2) options available:

Option 1:

On the day of joining the cost is $1,000.00 plus sales tax (currently $1,085.00). The remaining $1,500 initiation fee and $1,100.00 stock certificate will be paid in monthly installments charged at a rate of $50.00 per month, plus applicable sales tax, until age 35. Upon turning age 35 the balance is required to be paid in full.

Option 2:

On the day of joining the cost is $2,500.00 plus sales tax (currently $2,712.50). The $1,100.00 stock certificate must be paid at a minimum of $100.00 per year until age 35 at which time the balance is required to be paid in full.

Monthly dues, debt service, and food minimum are the same as that of a Regular Resident Member. While in Junior Member status, the member may not transfer his / her membership and should he / she resign or become suspended his / her equity in the Club is forfeited. the age of the husband will be the determining factor in the case of a married couple desiring this membership. Upon completion of the stock purchase the Board of Directors will convert the membership to a Regular resident Member upon approval. The Jonesboro Country Club Board of Directors must approve all applications and resignations.

Senior Membership

Any Regular Member, who has been a member in good standing for 12 months and attains the age of 65, may convert to Senior Membership status. Senior Members shall pay one-half the monthly dues of a Regular Member ($100.00). Once a Regular Member converts to Senior Membership, he / she is no longer allowed golfing or tennis privileges.

Program Membership

At times the Club will offer financing programs for those interested in joining the Club. Certain restrictions and requirements apply. In all cases the programs require contracts to be signed and an obligation is required to complete the purchase of the membership prior to resignation. If Program memberships are available, information my be obtained through the Office. The cost to initiate the Program membership is as follows:

Up Front Cost:      $1,500.00

Tax:                       $127.50

Total:                  $1,627.50

A payment schedule of $100.00 per month will be billed to the account for twenty-one (21) months. Applicable sales tax will be added to the first ten (10) months representing the balance of the initiation fee. Monthly dues, debt service and food minimum are the same as a Regular Resident Member. Program memberships afford the same privileges as the Regular Resident membership with the exception of the right to vote, hold office, and have ownership of the Club's properties and assets until the balance of the initiation fee and stock certificate is paid. The Jonesboro Country Club Board of Directors must approve all applications and resignations.

NOTE

All Membership Classifications are subject to dues increases, assessments, and other costs as deemed necessary by the Jonesboro Country Club Board of Directors.

REGULAR MEMBERSHIP

(Includes Golf, Tennis, Pool & Clubhouse Privileges)

$2,500.00 Initiation Fee

$1,100.00 Stock (refunded with resignation)

***An 8.5% Tax will be added for a Total of $3,812.50***

$200.00 Monthly Dues

$45.00 Monthly Debt Service

$40.00 Monthly Food Minimum

Should you decide to include Tennis there is an $11.00 per month indoor Tennis Court fee along with a $50.00 annual fee to become a member of the Jonesboro Country Club Tennis Association.