Hilly but great!Message From The President

I can't believe another year has gone by; it was just yesterday Rick Foote and I agreed to his Presidency and mine to follow. Rick has done a great job the last year and I hope to follow his footsteps.

We have some new blood on the board again this year with John Kline, Milt Chapman and Linda Clark coming aboard. They have some big shoes to fill as John will replace Dennis Hance as the Treasurer and Linda is taking over Secretary duties from Becky Kelley.Both have done a great job for Lakeshore during their terms on the Board.

As we approach the new season, we are looking for great things again this year. The sale of the land south of #5 should be finished this month. That money will do something for Lakeshore that it has never had and athat is being debt free! "With Doug Seeley agreeing last year to be the "Greens Keeper", a term he still denies, we were on the right track, and he has graciously agreed to another year of taking care of the course for us. I know I felt the course looked as good or better last as it had in years. We all owe Doug a great thanks and if you see him, be sure to let him know.Mowing has to be fun!

Even though it sounds like a great deal of money coming from the sale of the land, after abstract costs,survey costs, attorney fees, and capital gains tax, we will have to see what is left and how it will be used in the future. If you have any ideas, be sure to let any of the board members know your feelings.

Again this year we will be having a play as a fundraiser. It will be a star studded production called "Irma's Boarding House". You can find the dates of the play here in the newsletter. The price of the meal and play are stating the same as last year, $17.50 a piece or $35.00 a couple.

Also in the newsletter, you will find the dates for Poker nights in February and March. If you haven't played Texas Hold'em, this is a fun and easy way to start. The stakes are not too high and there is also good fun to be had.

In closing, we are looking forward to a great year and will see you on the course.

Rick

Lakeshore Golf and Country Club

1857 Golf Club Drive

Afton, IA 50830

Phone #641-347-5221

BOARD OF DIRECTORS

• Rick Piel, President
• Rick Foote, Vice President
• John Kline, Treasurer
• Linda Clark, Secretary
• Doug Seeley
• Sandy Kilkenny
• Don Hilts
• Milt Chapman

BUILDING COMMITTEE

• Rick Piel
• Don Hilts

GROUNDS COMMITTEE

• Doug Seeley
• Milt Chapman

SPORTS COMMITTEE

• Rick Foote
• Sandy Kilkenny

MEMBERSHIP COMMITTEE

• John Kline
• Linda Clark

CLUBHOUSE MANAGER

• Irma Roberts

INFORMATION

Your Lakeshore Board has accepted an offer of $43,000 on the land sale. At this time, it looks like we will close on February 19,2007. The gain on the sale will be subject to Federal and State Capital gains tax. We expect the net proceeds after all closing costs and taxes to be between $30,000 and $33,000.---Grounds Committee

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FEES:

Social* - $112.15 + $7.85 = $120.00

Family - with cart - $515.00 + $135.00 (cart stall) + $45.00 (tax) = $695.50

-with-out cart - $515.00 + $36.05 (tax) = $551.05

Married w/Single Golfer - with cart - $405.00 + $135.00 (cart stall) + $37.80 (tax) = $577.80

-w/Single Golfer with-out cart - $405.00 + 28.35 (tax) = $433.35

Single - with cart - $350.00 + $135.00 (cart stall) + $33.95 (tax) = $518.95

- with-out cart - $350.00 + $24.50 (tax) = $374.50

Student - $112.15 + $7.85 (tax) = $120.00

-if member of East Union golf team, then $60.00 + $4.20 (tax) = $64.20

Stock - $100.00 (no tax) - one time only

Cart Stall - $135 + $9.45 (tax) = $144.45 ---includes gas for cart

Trail Fee - $60.00 + $4.20 (tax) = $64.20 --- does not include gas for cart

New Members 1/2 price dues - on membership (not cart stall)

- Family with cart - $257 + $100.00 (stock) + $135.00 (cart stall) + $27.47 (tax) = $519.97

- Family with out cart - $257.50 + $100.00 (stock) + $18.02 = $375.52

- Married w/Single Golfer with cart - $202.50 + $100.00 (stock) + $135.00 (cart stall) + $23.62 (tax) = $461.12

- Married w/Single Golfer with-out cart - $202.50 + $100.00 (stock) = $14.17 (tax) = $316/67

- Single with cart - $175.00 + $100.00 (stock) + $135.00 (cart stall) + $21.70 (tax) = $431.70

- Single with-out cart - $175.00 + $100.00 (stock) + $12.25 (tax) = $287.25

- Social* - $56.08 +$100.00 (stock) +$3.92 (tax) = $160.00

PREVIOUS MEMBERS REJOINING:

If a previous stockholder rejoins, regular fees must be paid. If that stockholder had never had a golf membership, then he or she would be entitled to a half price golf membership the first year. A previous golf member rejoining (who has not been a member for at least 5 years) would receive "Lakeshore Bucks" as an incentive to rejoin ($50.00 in "Lakeshore Bucks" for a family membership - $25.00 in "Lakeshore Bucks" for a single). If there are any questions, please give John Kline a call at 1-641-347-8931 for assistance.

*SOCIAL MEMBERSHIP allows member to play 6 - 9 hole rounds of golf per season. Member must pay green fees for those rounds of golf. Social status also allows a social member to ride along with a golf member on the course.

Concentration is the hardest part of the game!