August 2021 THE CHARBONNEAU VILLAGER 3
Charbonneau Golf Club
By JOE BROUILLETTE
Clarifying frequently asked questions
BROUILLETTE
One of the most frequent questions I am asked is : Who owns the Charbonneau Golf Club ? Let me address this in three sections .
Ownership
The merger of CCC and CGCI resulted in CCC becoming the sole share owner of Charbonneau Golf Club , Inc . — a private corporation charted in the state of Oregon .
Governance
The CGCI is governed by an independent board of seven directors and a single liaison member from CCC . The CGCI is independently controlled by this board .
Management
The CGCI is managed under contract with OB Sports — a sports management company in the Troon Family of Companies . All employees of CGCI are employees of OB Sports .
The merger agreement contains a performance clause . If CGCI revenue and profits decline by 20 % or more from budget / plan , a correction provision is evoked . The CGCI has 90 days to identify the source of the decline , 180 days to correct the defect and 90 days to return to plan . If CGCI fails to correct the default as prescribed , CCC has the option to apply any corrective actions that they deem necessary .
The CGCI has $ 1 million in a secured investment account as an operations reserve .
For all practical purposes , the only post-merger change in CGCI is the ownership . Management and governance remain with the same resources .
Please note :
The golf course is financially independent from CCC . None of your CCC dues go to support the golf course . As such , your CCC dues do not include membership in the Golf Club .
I hope this provides clarity to this commonly asked question .
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CCC Activities
By JENNIFER WAGGONER
Three activities this month
Community Information Day
Charbonneau Country Club is sponsoring Community Information Day from 5-7 p . m . Friday , Aug . 13 . This event combines a Newcomers Orientation along with an opportunity for all residents to explore many of the activities , clubs and businesses Charbonneau has to offer including cards and games , art classes , golf , fitness center classes and more .
The Newcomers Orientation will be held in the Pavilion at 4 p . m . All residents are welcome to attend but those moving to Charbonneau in the last 12 months are sent a special invitation . New residents receive a brief overview of Charbonneau and then are given an opportunity to have their questions answered by a CCC Board member before they are released to peruse the rest of the clubhouse .
While you browse , pick up a glass of wine ($ 1 script will be available ).
You can buy tickets for upcoming events , join a club , or just come to socialize with friends and welcome new neighbors . Be sure to mark the date of Aug . 13 on your calendar !
Tony Starlight returns to the country club
Charbonneau Country Club presents Tony Starlight for two shows in the Pavilion at 5 p . m . and 7 p . m . Aug . 17 . Food and beverages will not be provided . Bring your beverage of choice .
See ACTIVITIES / Page 4
570k Average Sale Price ( inc . condos )
15 Days average on the market
26 new listings
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CHARBONNEAU TEAM
Lisa Willett
Broker , Licensed in Oregon Phone : ( 503 ) -318-7585
Mark Willett
Unlicensed Assistant to Lisa Willett Phone : ( 503 ) -348-1008
31840 SW Charbonneau Dr . Suite B
82 % sold for asking price or above
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