How to Resign:
Article VI, section 6 states that " any bondholder of the Club may withdraw from the Club at any time subject to the provision of Article VII, Section 1 of the by-laws. There shall be no refund of the current year's dues, unless specifically authorized by the Board of Directors upon their establishment of extenuating circumstances. Any bondholder submitting such a written notice shall not be permitted to withdraw that formal notice."
Article VI, section 7, Sub-Section a states that "All resignations also need to be received, postmarked by February 15th, or the bondholder will be assessed fifty percent (50%) of the current bond value plus any lost dues revenue until the membership is replaced. The balance of the bond will be refunded within sixty (60) days of bondholder replacement."
Article VI, section 7, Sub-Section b states that "Each bondholder is responsible for notifying the Board of Directors in writing by February 15th of their intent of resignation and the letter must be signed. Failure to notify the Board of Directors with a signed letter by February 15th the bondholder will be subject up to fifty percent (50%) forfeiture of the bond."
Mail the resignation letter to the address listed below. If two people are the bond holders (most couples are) then both must sign the resignation letter. Once the letter has been received a check will be issued to the names on the bond as issued for the price of the bond which is currently $750 minus any outstanding fees. Please remember that the bond refund is subject to the number of new bonds received. The earlier in the season the board is notified the sooner a bond check can be written as the number of new bonds is usually higher at the beginning of the season.
Also, our by-laws state that a bond is not transferable.
The address to mail your letter to:
Five Oaks Swimming Pool
P.O. Box 9316
Baltimore, MD 21228
Attn: Treasurer and Membership Chair