The major capital works the club needs to undertake remain well out of reach despite our current profitability. To be able to undertake the works needed AGC requires a minimum of an additional $200,000 per year in profit in order to allocate appropriate resources. Good governance requires us to look at alternative revenue streams, to pay for ongoing capital works and future-proof the club.

Any costs associated with improvements to the course or club house facilities will be managed by AGC.
Any costs associated with the construction of the Retirement Village will be managed by Aura. The club carries no responsibility for the delivery of this project after the leased land is handed over to Aura.

The Board is in full agreement that an Investment fund will be established to manage the initial payment and 100% of future Deferred Management Fee (DMF) payments. Prior to the lease agreement being signed, The Board will propose a change to the AGC Constitution to establish an investment committee who will be responsible for overseeing the management of these funds. It is expected that AGC Members will be required to approve capital expenses proposed by the Investment Committee at each AGM.

Yes. 100% of the DMF will be placed in the Investment Fund which will only be used for capital works approved by the members.

Yes. Current reserves, plus an allocation of $1 million from the initial lease payment will ensure the club can manage losses in revenue during the construction period.

That becomes payable when Council approves the development application.

Council has shown a strong commitment too encouraging development that addresses the housing need of our ageing population. Aura’s initial meetings have been encouraging with Council agreeing there is a need. But a strong vote from members supporting the proposal will be important to Council’s decision-making.

Given the long term value of the opportunity and de-risked planning position, a different retirement developer/operator would step in to complete the development (or run long term operations).

AGC Members will be voting on an agreed lease area as outlined in the presentations. If the lease area needs to change, a new proposal will need to be presented before an additional vote to approve.

The exact legal costs have not yet been fully articulated however Aura have committed to paying all of AGC’s legal costs in this project.

• It is estimated that the course upgrade will take between 9 and 15 months depending on weather and growing conditions.
• The retirement village will take approximately 18 months to build.
• There will be overlap between the two constructions.
• The target completion date for all works is July – December 2028.

AGC aims to offer 18 playable holes throughout construction. There will however be temporary holes played across different parts of the course throughout the course upgrade program.

Initially we can guarantee a significant upgrade to our course and a club house which is safe and up to code. Depending on how these go, we will look to renovate parts of the clubhouse and undertake other key course upgrades.

Gareth will still be here. We will be working with him throughout the process to ensure he is well taken care of and able to continue to operate as he has.

The number of car parks will be maintained.

Loss of the second car park will occur early in the construction period. There is not a solution to provide more parking so we will be encouraging all members and visitors to car pool and be conscious of parking during this period.

Every unit in the village will have its own car park. There will also be is a dedicated visitor parking area with 21 parks which equates to approximately 35% of the number of units. We are confident that this amount of visitor parking is adequate however this will have to be managed in an ongoing fashion with Aura after the RV opens.

Yes. The current cost estimates for the course upgrade include paths, bridges, drainage and irrigation. Additionally we are committed to completing a full concrete path network throughout the course during and beyond the upgrade.

Par will remain the same at 68.
The new course will play at a length of 4910m which is a reduction of only 36m.

Not yet. It will be important to identify key risks through the construction stages and prioritise which risks must be managed first.

AGC is working in partnership with Aura. Changes in legislation are possible and will be managed as required. During the negotiation of the lease, terms will be agreed to protect AGC against this and other risks.

This is something the Board may consider in the future however no decision has been made at this stage. It will be dependent upon AGC’s financial situation and the demand for membership.

Members of AGC will be given a 1-month exclusive period to express interest in an apartment. Details of how to do this will be sent to all members.
If you are not a member, you can contact AGC and we can refer you to Aura.

The Constitution of AGC states that only full members will have a vote on whether or not to proceed with this development.

For other membership categories you have the option to upgrade to full membership in order to have a vote. Please contact the AGC Admin team for more information.

All members and the community will be invited to write letters of support prior to the submission of a Development Application should the members vote in favour.

In the event that the proposal is not endorsed by the AGC voting members then there are no immediate changes. The club will continue to operate in its present state and the Board will have to consider other options to raise the necessary capital for our urgent project needs.

It is important to note, that this opportunity to work in partnership with Aura will not continue if the vote is unsuccessful. The Board of AGC believes we have presented the best possible design of a retirement village on AGC land