Dear Fairbrae Members,
Thank you all for taking the time to vote on the proposed amendment to the by-laws.
At closing, the amendment passed with 119 votes for and 3 against.
As of September 1st, Section 4.5.3 of the Fairbrae by-laws reads as follows:
Section 4.5.3 First sale priority shall be given to club-owned memberships. Second sale priority shall be given to members in the order in which memberships become available for sale. Exceptions to this priority system shall be made in the case of a selling member who secures and provides to the club a buyer for his membership. In such a case, the club shall sell the member’s interest to the aforementioned buyer regardless of priority.
Thank you for your continued support.
For questions or comments, please direct all feedback to bod@fairbrae.com.