Board Brief September 2023
New President in 2024
A resolution was passed to appoint Mr. Alan Harden as the 2024 Board President. Read Mr. Harden’s note here.
Consent and Other Discussion:
There was an update on the Q.3 financials and impending Bridge Bond opportunity. Adam Zubek, Greg Moss, and Alan Harden have been meeting with all of the club committees to provide an update on the Campus Plans and the Bridge Bond opportunity. The member update is behind schedule, as the third party who is assisting with the communication is behind schedule.
Board Policy and Rules Amendments:
The board approved an amendment to the rules of the club that aims to better equip staff to uphold the rules of the club. This amendment, along with a more thorough review of the rules of the club will take place in the coming months with the goal of finding the right balance for all members.
New Business
- Directors were requested to send the GM/COO and the Senior Leadership Team all agenda materials in advance of the committee. Management will prepare the proper supporting materials to share with the committees in advance of the meeting.
- A discussion was held around the conduct of specific members and their behavior at the club. The result of this conversation was that Greg Moss and Adam Zubek would handle any follow up related to this matter.
Membership
- Larry and Wendy Barels were approved by the Board for Equity membership.
- Michelle Torres and Justing Geller were approved for Social Clubhouse membership.
Presentation by Kevin Carroll
- Kevin Carroll from the McMahon group gave a presentation on trends in the club industry. At the end of the presentation, the Board and Mr. Carroll had a discussion on the steps LCCC can take to update Mission, Vision and Values and how the entire membership can be engaged. The McMahon group specializes in member engagement work and Long-Range Planning.
Governance Committee Update
Dear La Cumbre Members, Next week, the Board will be meeting to tackle the important topic of how to fund our capital needs moving forward. As part of this due diligence, we had received an expression of interest regarding the purchase of the Club. To better understand the optionality, the Board has had additional conversations with other interested parties. The Board is actively engaged in long-range financial planning to ensure that we can sustain and elevate the Club for generations to come. As part of this process, we are exploring a wide range of funding options to support the significant capital investments our Club will need over the coming years. This includes traditional approaches like capital dues, transfer fees, assessments, and loans. In the spirit of good governance and due diligence, the Board is also gathering information about alternative funding avenues, including outside capital interest. To be clear: No decisions have been made No offers are under consideration The Board has not authorized any action toward selling the Club What has occurred are preliminary, exploratory conversations intended to fully understand what options may exist. This process is about building knowledge so that if we need to make major financial decisions in the future, we do so from a well-informed position, always with the best interest of the membership and the long-term health of the Club in mind. We understand that seeing outside individuals on the property may have raised questions, and we regret any confusion this may have caused. Our commitment remains: Transparency with our members Adherence to sound governance principles A deliberate, member-centered process We will continue to keep you informed as these discussions evolve. There will be no path forward on any major initiative without full Board consideration and member engagement. Thank you for your understanding and for your ongoing dedication to the La Cumbre community. Tracy Jenkins President, Board of Director sLa Cumbre Country Club
Dear Members, Thank you to all who attended the recent Town Hall and Golf Course Project update meetings. Your participation and thoughtful engagement are essential as the board, management, and our committees strive to better understand how we plan for the future of La Cumbre. Over the next 45 days, the Board, Club Management, and the Finance Committee will be developing financial models that reflect the full scope of our campus-wide capital needs. These models will help inform project timing, prioritization, and funding strategies—including potential borrowing. As a reminder, any borrowing the Board recommends which exceeds $500,000 will require a member vote. In late June, the Board will hold a two-day planning retreat to review these options and map out a clear, disciplined path forward. We are committed to keeping members informed and equipped to make thoughtful decisions. We anticipate holding additional member forums to provide the needed context on these matters later this summer. If you were unable to attend the Town Hall, a recording is available HERE . We also encourage members to explore the Governance section of the member website, where you’ll find meeting minutes from all Board and committee meetings. Click the image below or HERE to view our Q1 2025 Update. Please continue to reach out with your questions, comments, and ideas. We deeply value your feedback as we work together to steward the long-term health and vitality of the Club. Warm regards, Tracy Jenkins President, Board of Directors La Cumbre Country Club
