To all members of Custer Sportsmen’s Club:
Custer Sportsmen’s Club has a once-in-a-lifetime opportunity to purchase the 27-acre parcel of land and that abuts the north boundary of the Custer range.
Acquiring this land parcel benefits the club in many ways. First, club ownership of the land provides a much-needed buffer between our club and surrounding private-owned properties. Second, by acquiring this land now, the club is preventing possible future development in this undeveloped acreage. Finally, the 27 acres offers our club the opportunity to consider additional sporting activities for members such as camping, archery, and even fishing on the included 3.5 acre pond.
While the asking price was $250,000, the seller accepted our offer of $167,000. A private investor has offered to loan the club $120,000 at 6% interest. Payments to the loan will be close to $1000 per month. With our current monthly payments of about $900 on the clubhouse loan ending in two months, it is easily within our club budget to assume this new loan.
In order to secure the loan for the 27-acre parcel, we will need to put down $50,000. While we have this amount in our reserves, depleting our reserves by this amount will severely limit projects and upgrades at the club for the next 2-5 years, a situation which we hope to avoid.
We know that our membership will value the privacy, security, and additional sporting activities that this land will provide our community for generations to come. For that reason, the Board of Directors asks you to join them in financing the down payment on this exciting land purchase.
We suggest that every member consider a donation of $100 to this cause but smaller amounts help also. We know that some members will want to donate more, and we welcome your generosity with gratitude.
The board has authorized up to 50 life memberships to benefactors that can donate larger amounts. This offer runs until June 1, 2018 at 6:00 pm.
Life memberships through this donation will include range passes and be as follows:
- A individual life membership for a donation of $1000.00 or more.
- A choice of an individual life membership or a family life membership will be awarded to a member who donates $1500.00 or more.
Please contact us with any questions.
The Board of Directors
Custer Sportsmen’s Club