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Dad’s Club—President’s 2018 Spring Newsletter

posted May 25, 2018, 6:34 PM by
Greetings Dad’s Club Family & Friends!
The future is bright for our Dad’s Club and there is much news and information to report. There is a lot of great news that has occurred and I’ll make a prediction that more is to follow!

The Biggest News of 2018
As mentioned in our January Newsletter, our board and committees have really stepped up to help ensure our club is run in a transparent and forthright manner! Thank you one and all!

Board Members; George Oggero (Safety & Risk Assessment- Operations, Vendors & Contracts), Steve Tschirthart (Club Analytics & Assessment), Jamey Moss (Swimming), Linda Parrish (co-chair of Swimming), Chuck Turet (Legal), Chris Helman (Board Secretary & Executive Committee), Cynthia Tzetzo (Treasurer & Finance), Frank Wozencraft (Fundraising), Dustin Heitmann & his co-Chair Wojciech Mrugala (Facility & Property), Greg Zuanich (Special Projects).

Key Topics

Finances, my last newsletter stated that we have done a very good job in watching our expenses, reviewing all vendor relationships for potential savings, hiring capable people that perform their duties with cross training back up, and granting pay increases to retain our best staff members. Our pool lane rental pricing was revamped over the last couple years, and this continues to be very strong revenue that we enjoy. Swim lessons in 2018 continue to run at very high numbers and are close to a new record by the number conducted. We continue to maintain some 400 children in various swim teams, and have expanded our adult swim programs with Masters, Tri Athlete, and Medical Rehab Conditioning. Our total monthly member count continues to top 800. A record continues! We paid down our debt by some $50,000 so far in 2018. We have no short-term debt, with our credit line unused. Our long-term debt is financed at a low rate, not renewing for another 3 1/2 years. We are endeavoring to have this paid off by that time, through fundraising and asset sales. Our working capital and segregated cash funds are running at $375,000.

Capital Projects Completed, as mentioned previously, the creek bank and creek bed repair cannot be understated to its importance for the club and its financial future. But in addition, there were many other projects undertaken. The installing of multiple custom-built sunshades on both the 50 meter pool and the Family pool are protecting swimmers, coaches and parents from that brutal Texas sun. This project was almost $60,000. Drainage relief for the grassy areas by the 50 meter and Family pool were undertaken, solving some pesky always wet spots.

Capital Projects Planned for 2018, Update from our last newsletter, to repeat, trying to make our club the best facility in Texas, the Southwest-ok, we mean the best, Nationally! Our 50 Meter Pool, the club’s crown jewel, needs some polishing and repair! This Olympic size pool is one of the few privately owned in Texas. We had “soils geo tech” tests and “leak detection” test conducted last week, we’re now waiting for the findings. It was determined we needed to do some “measure twice and then cut once” before we started major (and aka very expensive) repairs on the 50 meter pool. Stay tuned, this is a major target to get done completed for the club.

New Natatorium Building with a 25 yard indoor pool, Our architectural firm has been working on this for almost two years, so we are heavy into this project. A fine indoor pool building with large windows on three sides that can open when weather appropriate. The east side of the pool will have a two story
building attached with offices downstairs, lockers, fitness center, and meeting room(s). The office portion will likely be tilt wall construction, durable, and eye pleasing. Our timetable is to have our construction plans and building permits approved by fourth quarter of 2018. The current facility of office, locker rooms, fitness center, and 33 yard original pool would be demolished. The new structure would be built on that footprint, resulting in expanded parking and easier traffic flow to the back parking lot. We are close to being able to send the specs to builders and get firm pricing. Funding will be from a combination of a long-term mortgage loan with a low interest rate, along with funding from the Capital Campaign and any other asset sales.

North Parcel of Dad’s Club , this land was purchased back in the summer of 2014 for future expansion. The idea was a new pool, extra parking, and athletic field all could be accommodated. Such thinking had some merit, but after exhaustive review, the current six acre original south parcel was deemed to be adequate with site redo, as mentioned above. Therefore the club is spending a small amount of money seeking to plat that north parcel into four 20,000 sf lots served by one shared driveway to Bingle. Once the plat is granted by the city, the club will sell the parcel and the plat approvals to the highest bidder. That money is expected to reduce the debt of the club greatly or perhaps even eliminate it entirely.

Name Change of the Corporation, The Dad’s Club Swim Team, Inc. has been changed to “Dad’s Club Aquatic Center.” When we talk about the club and refer to it, I’d imagine it will always be the “Dad’s Club!” Meanwhile our iconic name will continue to be emphasized into our bright future!

Wrap up, finally we want to wish Jordan Orange M.D. & wife Katie with children Audrey, Marley & Tabatha a safe move to NYC where Jordan has accepted a senior position at Columbia University Medical Center. We will miss this wonderful Family at the club. Jordan has been a board member for the last several years and has been instrumental in all the Dad’s Club major decisions.

Hope you and your Family’s enjoy a safe Memorial Day Weekend!

Best wishes!

Charlie Calderwood, President
Dad’s Club