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1. |
All monies held in trust in SMCC's “Save Barrabool” Fund
via tile purchases on the "Big Picture" Wall, will be refundable upon request save
in the limited circumstances described in paragraph 4 below. |
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2. |
If, by end of
year 2006 , sufficient funds are not raised to enable the purchase of McAdam Park
at that time, then if necessary, and subject to SMCC being able to satisfy the lending
criteria of relevant financial institutions, SMCC may, at its discretion, take out
a 5 year bridging loan to acquire possession of McAdam Park. Fundraising will continue
through this period.
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3. |
If the purchase of McAdam Park, Barrabool is unsuccessful,
then in accordance with the objectives of the SMCC to promote and encourage through
the club, the sports of motocross, off road motorcycling, and recreational riding,
all monies will be used to contribute to the purchase of other land suitable for
the establishment and operation of a motorcycle park and also finance the building
of the necessary infrastructure on that land.
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4. |
If McAdam Park is not able to be purchased, and if other
suitable land and infrastructure has not been purchased by 1 June 2011, individual
sponsors of $100 or more (excluding G.S.T.), may ask to have monies refunded, less
a %10 administration fee. All requests for refunds must be made in writing to the
SMCC Treasurer and received by the Treasurer no later than 1 July 2011. Requests
not made in writing or received after 1 July 2011 will not be eligible for refunds
in any circumstances. All monies under $100 are non refundable in any circumstances.
Funds raised by I June 2011 will otherwise be retained by SMCC and used solely to
contribute to the purchase/lease of available land to enable the SMCC to provide
facilities for the pursuit of the objectives of the Club.
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5. |
Bonus 1 year membership of SMCC for every purchase of
$500 value. (excluding G.S.T.) Membership can be either Adult or Family.
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6. |
As well as the entitlement described in 5 above, a bonus
LIFETIME individual pass for every purchase of $1000 value. Lifetime pass
entitles holder to general admission entry to all SMCC sponsored and controlled
events at McAdam Park, for the life of the nominated pass holder.
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7. |
All pledges to tiles will not be eligible for extra benefits as described in paragraphs
5 and 6 above until payment in full is received.
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