The Club at Bella Collina - Membership Plan (1 of 6)
AMENDED AND RESTATED
THE CLUB AT BELLA COLLINA
DATED EFFECTIVE MARCH 1, 2014
MEMBERSHIP PLAN OVERVIEW
This Amended and Restated Membership Plan describes the Membership opportunities in The Club at Bella Collina f/k/a The Bella Collina Club (the “Club”). The Club features golf, spa, fitness, tennis, swimming facilities, and other social facilities. The Club Facilities are located in the Bella Collina residential community (“Bella Collina” or “Community”).
The following categories of Membership are currently being offered by the Club: Golf Membership and Sports Membership. The use privileges associated with each category of Membership are more fully described in this Membership Plan. The Club may offer certain other Memberships and use privileges as described in the “Other Memberships and Use Privileges” provision in this Membership Plan. In order to ensure property owners’ support for the Club, each owner of a residence or homesite in Bella Collina is required to acquire and maintain at least a Sports Membership in the Club pursuant to the Third Amended and Restated Declaration of Covenants, Conditions and Restrictions for Bella Collina and Supplemental Declaration, as amended from time to time (the “Declaration”).
SPECIAL MEMBERSHIP BENEFITS
In addition to the Club Facilities and an extensive array of programs and activities for Members and their families, Membership in the Club currently offers a number of attractive benefits, including:
Exclusivity: The number of Memberships in each category are limited.
Refundable Membership Deposit: The Membership Deposit is refundable upon resignation and reissuance of the Membership, as provided for in this Membership Plan.
Immediate Family Privileges: A Member, his or her spouse and their unmarried children, under the age of twenty-three (23) who are living at home, attending school on a full-time basis or in the military are entitled to Membership privileges without having to pay additional Membership dues.
Extended Family Privileges: The parents, adult children, grandparents, grandchildren and great-grandchildren of the Member and spouse will also be entitled to use the Club Facilities as a guest of the Member upon payment of the guest of member fees.
Resigned Memberships Reissued Prior to Membership Sell-Out: Resigned Golf Members do not have to wait until all Golf Memberships in the Club have been issued before their Golf Membership is reissued and they receive a refund.
Every fourth Golf Membership issued within a category will be a resigned Golf Membership from the Resigned List, if any.
Transferability of Memberships: Memberships are transferable through the Club to the subsequent purchaser of a Member’s residence or homesite in the Community (as defined below), regardless of whether there is anyone on a waiting list to acquire a Membership or whether there are resigned Members on the waiting list for reissuance.
No Assessments: Members are not subject to operating or capital assessments prior to equity conversion (if any).
Website: The Club’s website located at www.bellacollina.com will allow access to a “Members Only” screen to obtain important Club information.
Carefully review all membership documents
Every person who desires to obtain a Membership, or owns or purchases a residence or homesite within the Community, should carefully read this Membership Plan and all of the referenced documents and should seek professional advice to evaluate these documents.
Rely only on information in this membership plan
NO PERSON HAS BEEN AUTHORIZED TO GIVE ANY INFORMATION OR MAKE ANY REPRESENTATIONS NOT CONTAINED IN THIS MEMBERSHIP PLAN OR IN THE OTHER DOCUMENTS REFERRED TO HEREIN AND, IF ANY SUCH INFORMATION IS GIVEN OR ANY SUCH REPRESENTATIONS ARE MADE, SUCH INFORMATION AND/OR REPRESENTATIONS MAY NOT BE RELIED UPON. IN THE EVENT OF A CONFLICT BETWEEN THE TERMS OF MEMBERSHIP CONTAINED IN THE MEMBERSHIP PLAN, RULES AND REGULATIONS AND MEMBERSHIP AGREEMENT WITH ANY OTHER INFORMATION OR REPRESENTATION, WHETHER ORAL OR WRITTEN, THE TERMS OF THE MEMBERSHIP PLAN, RULES AND REGULATIONS AND MEMBERSHIP AGREEMENT SHALL GOVERN.
Memberships are offered only for recreational purposes
MEMBERSHIPS IN THE CLUB ARE BEING OFFERED EXCLUSIVELY FOR THE PURPOSE OF PERMITTING MEMBERS THE RECREATIONAL USE OF THE CLUB FACILITIES. MEMBERSHIPS SHOULD NOT BE VIEWED AS AN INVESTMENT AND NO MEMBER SHOULD EXPECT TO DERIVE ANY ECONOMIC PROFIT OR BENEFITS FROM MEMBERSHIP IN THE CLUB.
NO FEDERAL OR STATE AUTHORITY HAS PASSED UPON OR ENDORSED THE MERITS OF THIS MEMBERSHIP PLAN.
Each person who desires to become a Member must mail or deliver to the Membership Director a fully completed and signed Membership Agreement no later than five (5) days prior to the closing date for the purchase of a homesite or residence in Bella Collina along with a check for the required Membership Deposit and an application fee established by the Club from time to time. In the event the Membership Agreement is not acted upon favorably, the Membership Deposit will be fully refunded without interest.
Membership director available to answer questions
All inquiries regarding Membership in the Club or this Membership Plan and referenced documents should be directed to the Membership Director at:
Bella Collina Sales Office 16355 Vetta Drive Montverde, Florida 34756 (407) 469-4000.
USE OF TERMS
For your convenience, an index of defined terms used in this Membership Plan is contained as the last section of this Membership Plan.
Table of contents
MEMBERSHIP FEATURES AND FACILITIES
MEMBERSHIP CATEGORIES AND PRIVILEGES
NUMBER OF MEMBERSHIPS
FAMILY AND GUEST PRIVILEGES
OFFERING OF MEMBERSHIPS
TRANSFER OF MEMBERSHIP
DUES AND CHARGES
ACKNOWLEDGMENT OF MEMBERSHIP RIGHTS
OTHER MEMBERSHIPS AND USE PRIVILEGES
CONVERSION TO EQUITY CLUB