kimmyjChester Race Week, CRW Race Results, Race Results, This Week at CYC, Vice Commodore Report

CYC Members,

The note you’ve all been waiting for…The Capital Call

I am pleased to provide a progress update on our collective efforts around the Wharf and the Building restoration work.

Quite simply, much has been accomplished and our team has been extremely focused.

  • We’ve confirmed that the service provider for the Wharf project will be Eagle Beach.  This comes following significant due diligence and a constructive debate with respect to the path forward.
  • The fundraising team has reached a considerable fundraising level of ~$ 350,000. Tax receipt support through the Municipality has certainly helped with this outreach to members.
  • Several targeted donations have now positioned us to reduce the capital call amount for our single members so that the charge per member is now equal at $ 800.

Now a  look at the numbers so that everyone has an appreciation of the challenges we’ve been working through over the past couple of months.

First, the Wharf and associated components:

  • Costs are in the range of ~$ 600K, with an $ 80K contingency established in the event of issues or adjustments.

This is without question a significant project with a considerable price tag but necessary to maintain our wharf and the large role it plays for the club.  As you all know, nothing these days comes cheap.  The alternative of building a new wharf from the ground up is considerably more expensive, as we have shared previously.

Second, the Building:

  • Work will not begin until the fall for two key reasons, the first being access to available contractors and second , in order to  qualify for government grants no work can start until applications are submitted.  We will be submitting formal grant requests in early 2025.
  • We are earmarking $ 120K of the fundraising proceeds for the building repairs, and as has been stated in the past, this is the best estimate given that contractors are reluctant to commit until we are in a position to take shingles off and determine the state of the building condition.

As you can see the tremendous fundraising to date gets us a long way towards the overall cost however, it now comes down to you, our membership.  We all need to do our collective part in this overall fundraising process.

The expected funds from the capital call should raise between $ 350-400K. We know this capital call is not popular but it is necessary. Through the success to date of the capital campaign, as stated above we are adjusting the Capital Call to a much fairer per / person charge.  Hopefully this addresses concerns raised by many members over the past couple of months.

The Capital Call funds will first be prioritized towards the building repair costs as I know for many this is where your primary interest is.  We are listening and we are trying to be responsive to your concerns.

We will initiate the capital call in 2 parts; 50% now and the remainder in the new year depending on our fundraising levels to address the overall costs. Should continuing fundraising and grant application results position us to reduce the second half of the capital call we will do so.

You will receive an invoice from Kim for the Capital Call shortly and we encourage you to make payment through a cheque or e-transfers so that we can avoid the 3+% credit card bank charges. I know a few have already paid their capital call in full and we certainly appreciate this.  It is important that we have the funds on hand to support payments to Eagle Beach.

Our broader fundraising efforts continue as they are critical to our overall success. If you have not been approached individually it is because a small group is working to connect across a broad membership.  Please do not wait to be asked.  I am available to discuss your donation and answer any questions. We would appreciate any additional help that can be offered at this time in support of this effort, paid as follows:

  • Cheques can be made out to the Municipality of Chester.  It is very important to memo Chester Yacht Club, and include your name and address for tax receipt information and sent to:

Municipality of Chester, 151 King Street, PO Box 369, Chester, Nova Scotia, B0J 1J0

  • E-Transfers can be sent to [email protected] with a note stating this for Chester Yacht Club, plus your name and mailing address for the Tax Receipt.

Thank you for your patience and support.

Jennifer Chandler, CYC Commodore

 

2024 Top Skippers

kimmyjThis Week at CYC

Robinson Trophy

1          Steve Stairs                 479                  Something’s Bruin

2          Olivia Mason               182                  Ghost

3          Stewart Creaser          68                    Adriatic

Spring Bluenose

1          Steve Stairs                 479                  Something’s Bruin

2          Max Flinn                    85                    Rebel

3          Henry Demone           257                  Wahoo

Spring Series

1          Carl Davis                    500                  Jahmon

2          Chris Campbell           1096                Spice

3          Todd Wilson               229                  Falcon

McNabb Trophy

1          Peter Wickwire           13                    Storm

2          Terry Schnare             57                    Head Games

3          Carl Davis                    500                  Jahmon

Mahone Bay Opener 2024

1          Terry Schnare             57                    Head Games

2          Stephen Fitzgerald     79                    White Boat

3          Chris Campbell           1096                Spice

Legion Trophy

1          Peter Wickwire           13                    Storm

2          Chris Power                 329                  Jaeger

3          Jay Nadelson              7                      Elida

Pearre Cup 2024

1          Henry Demone           257                  Wahoo

2          Steve Stairs                 479                  Something’s Bruin

3          Darcy Young               46                    Lonestar

Sanye Cup 2024

1          Steve Stairs                 479                  Something’s Bruin

2          Olivia Mason               182                  Ghost

3          Stewart Creaser          68                    Adriatic

Huntington Trophy

FFA

1          Chris Power                 329                  Jaeger

2          Terry Schnare             57                    Head Games

3          Charles Walker           24                    Afterhours

IOD

1          Dave Mosher              12                    Coachman

2          Peter Wickwire          13                    Storm

3          Ted Murphy                11                    Restless

4th Class Cup

1          Peter Wickwire             13                    Storm

2          Stephen Fitzgerald     79                    White Boat

3          Don McAlpine             23                    Out ‘N ABOAT

Mark Dauphine

1          Chris Von Maltzahn                282                  Vera

2          Henry Demone                       257                  Wahoo

3          Max Flinn                                85                    Rebel

Inner Islands 2024

1          Chris Campbell                        1096                Spice

2          Carl Davis                                500                  Jahmon

3          Stephen Fitzgerald                 79                    White Boat

Anderson Trophy

1          Terry Schnare                         57                    Head Games

2          Peter Wickwire                       13                    Storm

3          Carl Davis                                500                  Jahmon

Bluenose Distance Course

1          Steve Stairs                             479                  Something’s Bruin

2          Travis Blain                             47                    Island Girl

3          Malcolm Fraser                       266                  Shaken Kont Stared

Gordon Cup 2024

1          Henry Demone                       257                  Wahoo

2          Steve Stairs                             479                  Something’s Bruin

3          Michael Smith                         112/34            Hot Sauce

George Baker 2024

1          Chris Campbell                       1096                Spice

2          Peter Wickwire                       13                    Storm

3          Terry Schnare                         57                    Head Games

Mathers Trophy 2024

Bluenose

1          Aaron Stonehouse                 22                    Geronimo

2          Steve Stairs                             479                  Something’s Bruin

3          Chris Von Maltzahn              282                  Vera

FFA

1          Chris Power                             329                  Jaeger

2          Terry Schnare                         57                    Headgames

3          Charles Walker                       24                    Afterhours

IOD

1          Peter Wickwire                       13                    Storm

2          Dave Mosher                          12                    Coachman

3          Ted Murphy                            11                    Restless

1919 Cup 2024

1          Don McAlpine                         23                    OUT ‘N Aboat

2          Durk Steigenga                       34539              MacIntosh

3          Todd Wilson                           229                  Falcon

August Cup 2024

1          Michael Smith                         112/34            Hot Sauce

2          Aaron Stonehouse                 22                    Geronimo

3          Steve Stairs                             479                  Something’s Bruin

Outer /Middle / Inner Island 2024

1          Chris Campbell                       1096                Spice

2          Durk Steigenga                       34539              MacIntosh

3          Carl Davis                                500                  Jahmon

 

1          Travis Blain                             47                    Island Girl

2          Steve Stairs                             479                  Something’s Bruin

3          Logon Mraz                             227                  Teazer

 

Feader Cup 2024

1          Todd Wilson               229      Falcon

2          Don McAlpine             23        Out ‘N ABOAT

Autumn 2024

1          Terry Schnare             57        Head Games

2          Durk Steigenga         34539  MacIntosh

3          Todd Wilson               229      Falcon

Fall Bluenose 2024

1          Henry Demone             257      Wahoo

2          Chris Von Maltzahn    282      Vera

3          Travis Blain                    47        Island Girl

One Gunea Cup 2024

FFA

1          Charles Walker           24        Afterhours

2          Todd Wilson               229      Falcon

Guv’y Cup

FFA

1          Peter Wickwire                       13        Storm

2          Chris Power                             329      Jaeger

3          Terry Schnare                         57        Head Games

Bluenose

1          Chris Von Maltzahn                282      Vera

2          David Tzagarakis                     88        Crusader

3          Michael Smith                         112/34 Hot Sauce

Rum Race 2024

1          Chris Power                             329      Jaeger

2          Terry Schnare                         57        Head Games

3          Peter Wickwire                       13        Storm

 

Turkey Bowl 2024

1          Peter Wickwire                       13        Storm

2          Dave Mosher                          12        Coachman

3          Durk Steigenga                       34539  MacIntosh