The following questions and answers are designed to provide an understanding of The Club at Tamarack (the “Club”) and the membership opportunity available at the Club. As these questions and answers are only summary in nature, you should read the Membership Plan and Rules and Regulations prior to purchasing a membership.
Q: What is The Club at Tamarack?
A: The Club at Tamarack is a new premier club located near Tamarack, Idaho featuring exceptional skiing, golf, health/fitness and social facilities and part of the Tamarack Resort (the “Resort”). The Club is offering memberships in Full, Sports and Social Memberships.
Q: Who owns the Club Facilities?
A: The Club at Tamarack, LLC, an Idaho limited liability company (the “Company”), doing business as The Club at Tamarack, owns and operates the Club Facilities.
Q: What facilities will the Club offer?
A: Members, their families and guests will enjoy the following “Initial Club Facilities”:
Q: When will construction of the Club Facilities be completed?
A: The Initial Club Facilities are anticipated to be completed and open for play in late summer 2023. It is expected that 9 holes of the golf course will be ready to play in late summer 2023 and the full 18 holes plus a “gambler’s hole” will be ready to play in summer 2024. The Club will commence construction of the Clubhouse once the Club has achieved the earlier of i) issuance of 150 Full Memberships or ii) receipt of $15,000,000 in membership deposits. The Member’s Mid-mountain Lounge will be inside of the Mid-mountain Lodge and event space which is anticipated to be completed no later than December 31, 2024.
The construction of the Future Club Facilities is based upon a variety of estimates and assumptions, which may not be realized, and are subject to significant business, economic, climatic, and competitive uncertainties and contingencies, which are beyond our control. Consequently, the construction of the Future Club Facilities should not be regarded as a representation or warranty by the Company, or any other person, that the construction of the Future Club Facilities will be realized. There is no guarantee that the Future Club Facilities will be built or will be available for use.
Q: How many memberships will be offered in the Club?
A: The maximum number of memberships in each category is:
Number of Memberships
Up to 450
Up to 500
Certain persons who acquire a membership in the Club in the past will be known and recognized as Founder Members and other persons who acquired memberships during the Special Offering, as defined hereinafter, will be known and recognized as Charter Members. The Club may at any time, in its sole and absolute discretion, further limit the number of memberships available in any category of membership as the Club determines appropriate from time to time.
Q: What are the privileges of a Full Membership?
A: Full Members may use all of the ski, golf, health/fitness and social facilities of the Club and will have access to additional benefits as set forth in the annual Schedule of Dues, Fees and Charges. Full Members will not be required to pay greens fees for use of the golf facilities, but will be required to pay golf cart fees and practice range ball fees. Advance sign-up privileges for golf tee times will be determined by the Club from time to time.
Q: What are the privileges of a Sports Membership?
A: Sports Members may use all of the ski, golf, health/fitness and social facilities of the Club and will have access to additional benefits as set forth in the annual Schedule of Dues, Fees and Charges. Sports Members will be required to pay preferred greens fees and golf cart fees and range ball fees for use of the golf course. Advance sign-up privileges for golf tee times will be determined by the Club from time to time. Sports Members may reserve four tee times of golf per membership year, including those reserved for guests and family members, upon payment of a preferred greens fee and cart fee. Sports Members may use the golf practice facilities only when playing a round of golf or as otherwise determined by the Club from time to time.
Q: What are the privileges of a Social Membership?
A: Social Members may use all of the ski, health/fitness and social facilities of the Club and will have access to additional benefits as set forth in the annual Schedule of Dues, Fees and Charges. Social Memberships do not include golf privileges, but allow play on the same basis as a non-member as discussed in the Non-Member Play provision of the Membership Plan.
Q: Is a Club Membership mandatory?
A: Not in all cases. There are existing residences and homesites which are not subject to mandatory membership. However, the Company reserves the right to require mandatory membership for future development. When this occurs, each owner of a residence or homesite in the Community with a mandatory membership requirement, also known as a Sustainable Membership Requirement, must acquire and maintain at least a Social Membership in the Club. Therefore, any initial and resale purchasers who are subject to a mandatory membership requirement must submit a Membership Agreement and pay the required membership deposit, on or before the closing on the purchase of the residence or homesite.
Q: What is a Sustainable Membership Requirement?
A: To ensure a stable and sustainable Club, owners of residences or homesites in the Community are covered by declarations and restrictive covenants requiring the owner to acquire and maintain at least a Social Membership in the Club. In addition, if an owner of a residence or homesite in the Community who is not subject to declarations and restrictive covenants executes a membership restrictive covenant, such owner and each future owner of the residence or homesite is also required to acquire and maintain at least a Social Membership.
Q: What are the special features of membership in the Club?
A: In addition to exceptional Club Facilities and an extensive array of programs and activities for members and their families, membership in the Club offers a number of attractive benefits. A brief description of some of these current benefits follows and they are described in greater detail in this Membership Plan:
The “Community” consists of the Tamarack Resort residential community and such other residential communities designated by the Club.
Q: Will my family members be welcome at the Club?
A: Yes. The ability to spend quality time with members of the family is of paramount importance these days. The Club is committed to providing a pleasant environment where this can be accomplished.
The “vertical family” of a Full Membership Member who owns a residence or homesite in the Community may use the Club Facilities the same as the member. “Vertical family” includes the member’s spouse (or significant other) and their children regardless of age, and the grandchildren of the member and spouse, the parents of the member and spouse, and the spouses or significant others of such children and grandchildren. Use of the Club Facilities by vertical family (other than immediate family members) is subject to the Club’s rules, regulations and policies and submission by the family members of such forms and information as required by the Club. Vertical family members who own a residence or homesite in the Community shall be subject to the Sustainable Membership Requirement discussed herein.
In the case of a non-Full Membership Member or a Full Membership Member who does not own a residence or homesite in the Community, a member’s immediate family will be entitled to use the Club Facilities on the same basis as the member. A member’s immediate family will include the member’s spouse or any person designated as a member’s significant other and their unmarried children under the age of 25 who are living at home, attending school on a full-time basis or serving in the military.
Q: May I invite guests to the Club?
A: Yes. Having your friends enjoy the Club’s outstanding facilities with you is a wonderful attribute of membership in the Club. Therefore, members are entitled to have accompanied guests use the Club Facilities in accordance with the member’s category of membership and the rules and regulations adopted by the Club to preserve the exclusivity of its facilities.
The Club will have the right to allow unaccompanied guests to play golf upon the payment of an unaccompanied guest fee. Unaccompanied guests must be sponsored by a member in advance. Tee times for unaccompanied guests of the Club will be restricted as determined by the Club from time to time.
Q: Will there be any other types of membership available in the Club?
A: Yes. A limited number of Company and Honorary Memberships will be available and will not count towards the membership cap. The Club will also permit the general public, lodging guests, rental guests and corporate groups to use the Club Facilities on such terms and conditions as it may determine appropriate from time to time.
Q: When will the membership deposit be repaid to the member?
A: An amount equal to 100% of the membership deposit paid by a member will be refunded, without interest, by the Club to the member 30 years after the date the membership is issued by the Club if the membership is not resigned and reissued within 30 years.
If the membership is resigned and reissued in accordance with the “Transfer of Membership to the Club” section of this Membership Plan less than 30 years after the membership is issued or renewed, the Club will refund without interest to the resigned member within 30 days thereafter the lesser of:
(i) the membership deposit paid by the resigned member, less a transfer fee of 30% of that amount; or
(ii) the amount of the membership deposit then charged by the Club for membership less the transfer fee of 30% of the membership deposit paid by the resigned member. The resigned member will be repaid at the end of 30 years the difference between the membership deposit charged at reissuance and the amount of the membership deposit paid to the resigned member.
The Club’s obligation to refund the membership deposit to the member shall be evidenced by the Membership Agreement. Upon the reissuance of a resigned membership to a new member, a new 30-year period for the refund of the membership deposit begins on the date the membership is reissued. The difference between the amount paid by the new member and the amount refunded to the resigning member will be retained by the Club.
Q: Who is eligible to acquire a membership in the Club?
A: Memberships will be offered to initial purchasers of residences or homesites in the Community, and such other persons as the Club determines appropriate from time to time, including a limited number of recallable Non-Resident Full Memberships to persons who do not own property in the Community.
Each owner of a residence or homesite in the Community with a Sustainable Membership Requirement is required to acquire and maintain at least a Social Membership in the Club. Therefore, these initial and resale purchasers must submit a Membership Agreement and pay the required membership deposit, on or before the closing on the purchase of the residence or homesite.
The Club plans to offer Full Memberships, Sports Memberships and Social Memberships to existing owners of residences and homesites in the Community during a to be scheduled limited offering period in 2023 (“Special Offering”), on preferred terms to be set forth in their Membership Agreements. If an existing owner, who does not acquire at least a Social Membership during the Special Offering, or his or her subsequent property purchaser desires a Club membership thereafter, he or she may acquire a Club membership only if available and not reserved, and only upon payment of the then current membership deposit, plus the then current eligibility fee, as described in the “Eligibility Fee Required in Certain Circumstances” section of this Membership Plan.
Q: Can I arrange to have my membership transferred to the subsequent purchaser of my residence or homesite?
A: Yes. Those Social Members who resign from the Club upon the sale of his or her residence or homesite in the Community may arrange through the Club for the transfer of their membership to the subsequent purchaser of their residence or homesite. The subsequent purchaser must be approved for membership and pay the then required membership deposit.
Q: Can members be assessed to cover any operating deficits or capital improvements?
A: No. Members will not be subject to any liability for capital or operating assessments for the costs and expenses of ownership or operation of the Club or the Club Facilities. The Company will pay all operating deficits incurred in the operation of the Club Facilities and will retain all operating revenues resulting from operation of the Club Facilities.
Q: What types of member services will be offered in the Club?
A: The Club will provide a concierge service which affords a variety of personal services and business assistance. The concierge service is included with a membership, but members are responsible for the cost of services scheduled via the concierge. For convenience, some of these services may be charged to the member’s account.
Q: What protections are in place so that my rights and privileges as a member will continue in the event the Club Facilities are sold?
A: In the event the Club Facilities are ever sold, the existence of the Membership Plan will be disclosed and the purchaser will be required to acquire title to the Club Facilities subject to the terms and conditions of the Membership Plan.
Q: How will the Club keep informed of the desires of the members?
A: The Club is committed to providing the types of services, programs, activities and events that the membership is desirous of having. An Advisory Board comprised of members of the Club will be formed and will enable members to have input on the foregoing items as well as other matters that are of concern to the members.
Q: How do I become a member?
A: To become a member of the Club, you must submit to the Club a fully completed and signed Membership Agreement and a check in the amount of the required membership deposit. In the event your agreement is not acted upon favorably, the membership deposit will be fully refunded, without interest.
Provisions for application and approval of membership do not apply to owners of residences and homesites in the Community who acquire Social Memberships pursuant to a Sustainable Membership Requirement, unless otherwise determined by the Club.
Q: What if I have additional questions?
A: Please contact the Club Director at:
The Club at Tamarack
311 Village Drive PMB 3026
Tamarack, Idaho 83615
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This is a general description of the membership opportunities available at the Club and should not be relied on for the purpose of deciding to acquire a residence or homesite in the Community or a membership in the Club. The complete Membership Plan is available upon request at the Membership Office.
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