Recent Referendum Results for Capital Projects

Initiation Fee Referendum Results –
Referendum Deadline: August 24, 2023

To amend Article VIII Assessments, Section 7 Initiation Fee of the Covenants, to increase the Initiation Fee to $50,000 for both Homes (Family Dwelling Unit) and Residential Lots. If approved, the initiation fee increase will go into effect on October 23, 2023. Homes and lots under contracts of sale filed by end of day on Sunday, October 22, 2023, will remain subject to the current initiation fee of $35,000 for homes and lots, even if closing occurs after October 23, 2023.

Approve: 383 (79.1%)
Disapprove: 101 (20.9%)
Total:484
Ballot Item Passes

Covenant Change Referendum
Referendum Deadline: June 30, 2023

To approve the following language as an update to the Long Cove Club Covenants, Article VIII, Section 4: Basis of Annual Operating Assessment – The Board shall establish the annual Operating Budget and the respective annual Operating Assessment. The annual Operating Assessment shall be determined by dividing the total anticipated Operating Expenses reflected by the Budget by the total number of Residential Lots or Single Family Dwellings subject as of the date the Budget was adopted. The Board shall submit the annual operating budget and annual Operating Assessment to the Membership for its approval, however the Board may bill and collect from the Membership an amount equal to 100% of the prior year annual Operating Assessment without the approval of the Membership. The annual Operating Assessment must receive the assent of a majority of the votes of the Members responding to a Referendum within thirty (30) days of mailing of the Referendum. Such Referendum shall include a statement prepared by the Directors of the Association favoring such assessment stating the reasons therefore, together with a statement prepared by dissenting Directors, if any.

Approve: 327 (74.8%)
Disapprove: 110 (25.2%)
Total: 437
Ballot Item Did Not Pass. Covenant changes require 3/4 of the votes received for approval.

Irrigation System Referendum
Referendum Approval Date: March 20, 2023

To approve the expenditure of capital funds in the amount of $3,200,000.00 for the replacement and installation of a new irrigation system for the Long Cove Club Golf Course.  The funds utilized for this project will be the money in the Special Reserve Capital Funds and a Special Assessment, if necessary.  The Special Assessment will range from $0 to $1,930.00 per Residential lot and/or Family Dwelling Unit.  The methodology for the calculation of the Special Assessment is set forth in the narrative in this referendum packet. The amount of the Special Assessment, if any, will be determined at the conclusion of the golf course irrigation project.

341 Approve 87.7%
48 Disapprove 12.3%
Referendum Passes

Pump Station Referendum
Referendum Approval Date: December 18, 2022

To approve $750,000 for the replacement, relocation and installation of a new pump station. The cost for this project is fully funded in the Long Cove Club Capital Plan and no member special assessments will be required for completion.
347 Approve 94.8%
19 Disapprove 5.2%

2023 Budget Referendum
Referendum Approval Date: November 28, 2022

To approve an increase of $1,125 for the 2023 annual Operating Assessment to $14,058. This requires majority vote of the ballots received for approval.
269 Approve 67.2%
131 Disapprove 32.8%
Referendum Passes

Lagoon Referendum
Referendum Approval Date: August 22, 2022

To approve the Lagoon Restoration project for 2022, in the amount of $276,600.
392 Approve 96.6%
14 Disapprove 3.4%
Referendum Passes

Initiation Fee Increase and Special Reserve Capital Funds Referendum
Referendum Approval Date: March 11, 2022

To amend Article VIII Assessments, Section 7 Initiation Fee of the Covenants, to increase the Initiation Fee to $35,000 for both Homes (Family Dwelling Unit) and Residential Lots. If approved, the initiation fee increase will go into effect on April 18, 2022. Homes and lots under contracts of sale prior to April 18, 2022 will remain subject to the current initiation fee of $20,000 for homes and $19,900 for lots, even if closing occurs after April 18, 2022.
Initiation Fee Increase:
389 Approve 81.9%
86 Disapprove 18.1%
Referendum Passes

Establishment of Special Reserve Capital Funds: To add a second paragraph to Article VII of the Bylaws, Financial Policies, Section 3 – “In addition to the above, the Association will authorize and administer special reserve funds within the Capital Fund to satisfy or partially satisfy future capital projects or emergencies that require funding from capital reserves for implementation. These special reserve funds will come from the excess amounts collected from Initiation Fees over and above the budget amount allocated for that year. Additional sources of funds may include: a) Any Board approved amount designated from a government support program that produces an audited surplus; and or b) any other Board approved amount designated from a prior year audited operating surplus. The special reserve funds may only be used for the purposes expressed in this paragraph. Except for emergency expenditures, the use of special reserve funds must comply with the requirement of member approval.”
388 Approve 81.7%
87 Disapprove 18.3%
Referendum Passes

Golf Teaching Center & Practice Area Improvements Referendum
Referendum Approval Date: May 27, 2021

To approve the construction of a new golf teaching facility located on the back end of the driving range, at a cost not to exceed $525,000, which equates to a special assessment of $921 per member:
304 Approve 66.7%
152 Disapprove 33.3%
Referendum Passes
*In 2022, the membership approved a separate referendum for additional funding for the project, but did not result in an additional special assessment.

To approve driving range improvements, at a cost not to exceed $211,000, which equates to a special assessment of $370 per member:
338 Approve 74.1%
118 Disapprove 25.9%
Referendum Passes