Protected: Members Only » Capital Plan Progress


Newport Yacht Club has two immediate needs:  Replacement of the failing seawall and mitigation of the significant boat-wake waves at the floating docks.  A plan has been conceived that will allow for financing these improvements without changing the current dues or fees that club members pay.

The plan requires that the club issue a minimum 200 and a maximum 300 units of a promissory note.  Each unit is a $500 loan to the club to be repaid with interest over 10 years.  The funds from these notes, combined with the expected receipt of a REDI Grant, will allow for completion of these two needed projects.

Instructions:  Please complete the Subscription Agreement indicating the number of Units to which you are subscribing, complete Schedule A – Purchaser Questionnaire, and return along with a check payable to Newport Yacht Club to:

Landy Atkinson, Commodore
215 Melrose Street
Rochester, NY 14619

Supporting documents:
Instructions for Subscription Agreement for 2021 Notes
Private Placement Memorandum for 2021 Notes
Subscription Agreement and Form of Promisory Note _210719(b)

For more information, email Commodore Landy Atkinson.