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COUNTRY CLUB AGREEMENT. ‘This Agreement is made this &” Boy of, Iobruery 2017, between the Department of Assessments and Taxation, hereinafter the "Department", and Argyle Land Company, Ine. (“Owner), the owner of Argyle Country Club hereinafter the (“Club”), pursuant to Tax-Property Article § 8-212 through §8-217 ATORY STA’ Tr PL WHEREAS, the Club is located at 14600 Argyle Club Road, Silver Spring, Maryland 20906 on land which is in excess of fifty (50) acres and improved by a clubhouse and a regular or championship golf course of at least nine (9) holes, and WHEREAS, the Club has at least 100 members who pay dues averaging $50.00 or more annually for each member and restriets the use of its facilities primarily to members, their families and guests. NOW, THEREFORE, for and in consideration of the promises, covenants and conditions hereinafter set forth, the Department and the Club agree as follows: 1, That the statements and provisions of the Explanatory Statement are incorporated herein as a substantive part of this Agreement. 2. That the parties agree that the land owned by the Club located at 14600 Argyle Club Road, Silver Spring, Maryland 20906 and consisting of 147.00 acres, witieh isin partimproved by a golf course and clubhouse, shall be subject to Tax-Property Article, § 8-212 through § 8-217 of the Maryland Code, as may be amended from time to time, and shall be assessed on the basis of country club use for at least a five (5) year period commencing with December 1, 2016 and continuing through December 1,2021. This Agreement is subject to renewal thereafter in incroments of five years. 3. ‘The Club agrees that it will not discriminate based on race, color, creed, sex ot national origin in granting membership or guest privileges in or at the Club, including, but not limited to, privileges with regard to the use of its golf course(s), its clubhouse facilities and any other facility cused by the Club, The Club further agrees to provide financial, membership and other data as may bbe requested by the Department or the Attorney General in the performance of their duties under:the law. 4, In the event that a complaint of discrimination is made against the Club to the Attorney General of Maryland, the Club agrees that it will provide to the Attorney General such information as fs roquested by the Atlomey General (o resolve the complaint. ‘The Club agrees to provide the information within forty-five (45) days of the request. In the event the Club fails to provide the requested information within the required time and the Attomey General requests the Circuit Court in Montgomery County to issue a subpoena for the requested information which is issued, the Club agrees to pay to the Attorney General attorney's fees in the amount fixed by the Circuit Court. 5. The Club agrees that if, aftera heating pursuant to Tax-Property Article, § 8-215 is held, it {is determined that the Club practices discrimination, it shall enter into a consent agreement with the Attorney General to end that discrimination, ‘The Club firther agrees that ifitrefuses to enter into a ‘consent agreement within thirty (30) days of the determination, or makes such an agreement and then breaches or violates that agreement, then an order shall be issued directing the Club to end the discrimination, The Chub further agrees that if it fails to comply with that order, then the eountry club land, as described in Paragraph 1 herein, shall cease to be assessed according to country club ‘use and shall be assessed and taxed at its full cash value beginning with the full tax year (or half tax year) next following that order. 6. The Club agrees that if, prior to the end of this Agreement, any land subject to this Agreement ceases to be used for country club use, fails to meet the qualifications for a country elub as set forth in Tax-Property Article, § 8-213, or is conveyed to a new owner that does not accept the obligations of this Agreement, then property taxes shall be duc for each year the property has been assessed at its country club use, but not to execed a ten (10) year period ending with the year in which the disqualigying event occurs, The property tax shall be calculated at the rate applicable for ceach tax year on the amount of the difference between the assessment of the land at its country elub use and the assessment based on its full cash value. Ifpart of the land is conveyed and the remaining ‘part continues to qualify as a country club, the deferred property taxes due shall be based only on the assessment of the part of the land that is conveyed, : Received FEB" - 2017 SDAT Real Property Division AGREED TO FOR THE CLUB President ‘ittiess: Argyle Country Club Boo E Chel Ken Shoots Print Name of President Print Name of Witness Dated: _ slug FOR THE :PARTMENT MichaMiggs, Withess Acting Director Mioksel Higgs Se Helherine, & Holmes Print Name of Actitig Director Print Name of Witness Dated: ah 8/13 APPROVED AS TO FORM: Testify &. Coyhbn/ Assistant Atforney General Counsel to the Department of Assessments and Taxation Received FEB 6 - 2017 GOLF COURSE AGREEMENT feces ee eaeeeeaeacaee ‘spat Real Property Division Hh ‘This Agreement is made this (9 day of bruati{. 2017, between the Department of Assessments and Taxation, (“Department”), and Blue Mash Golf Course, LLC (“Owner”), the owner of Blue Mash Golf Course (“Course”), pursuant to Tax-Property Article § 8-212 through § 8-217. EXPLANATORY STATEMENT. WHEREAS, the Owner owns the Course which is located at 5821 Olney Laytonsville Road, ‘Laytonsville, Maryland 20882 on land which is in excess of fifty (50) actes and improved by a clubhouse and a regular or championship golf course of at least nine (9) holes, and WHEREAS, the Owner does not restrict the use of the Course facilities primarily to members, their families and guests, NOW, THEREFORE, for and in consideration of the promises, covenants and conditions hereinafter set forth, the Department and the Owner agree as follows: 1. That the statements and provisions of the Explanatory Statement ate incorporated herein a a substantive part of this Agreement. 2, ‘That the parties agree that the land, which is located at $821 Olney Laytonsville Road, Laytonsville, Maryland 20882 and consists of 167.30 acres, is improved and used asa golf course, known as the Course, shall be subject to Tax-Property Article, § 8-212 through § 8-217 of the Maryland Code, as may be amended from time to time, and shall be assessed on the basis of that golf course use for five (5) year period commencing with February 1, 2017 and continuing through February 1, 2022. This Agreement is subject to renewal thereafter, but only in increments of five (8) years. 3. The Owner agrees that itwill not discriminate based on race, color, creed, sex ornational origin in granting membership, guest privileges or public use in or at the Course, including, but not limited to, privileges with regard to the use of its golf course(s), its clubhouse facilities and any other facility at the Course, ‘The Owner further agrees to provide firiancial, membership and other data as may be requested by the Department or the Attorney General in the performance of their duties under the law. 4, Inthe event thata complaint of discrimination is made against the Course or the Owner to the Office of the Attorney General of Maryland, the Owner agrees that it will provide to the Attorney General such information as is requested by the Attomey General to resolve the complaint. The ‘Owner agrees to provide the information within forty-five (45) days of the request, In the event the Owner fails to provide the requested information within the required time and the Attorey General requests the Circuit Court in Montgomery County to issue a subpoena for the requested information which is issued, the Owner agrees to pay to the Attorney General attorney's fees inthe amount fixed by the Circuit Court, 5, The Owner agrees that if, aera hearing pursuant to Tax-Property Article, § 8-215 is held, itis determined that the Owner ot the Conrse has practiced or is practicing disorimination, the Owner shall enter into a consent agreement with the Attorney General to end that disorimination. ‘The Owner further agrees that if't refuses to enter into a consent agreement within thirty (30) days of the determination, or makes such an agreement and then breaches or violates that agreement, then an onder shall be issued directing the Owner to end the discrimination. ‘The Owner further agrees that if it fails to comply with that order, then the golf course land, as deseribed in Paragraph I herein, shall cease to be assessed according to golf course use and shall be assessed and taxed at its full cash value ie beginning with the full tax year, and the Owner shall be subject to any other penalty provided by law. 6, ‘The Owner agrees that if, prior fo the end of this Agreement, any land subject to this Agreement ceases fo be used for golf course use, fails to meet the qualifications for a golf course as set forth in Tax-Property Article, § 8-213, or is conveyed to a new owner that does not aecept the obligations of this Agreement, then property taxes shall be due for each year the property has been assessed at its golf course use, but not to exceed a ten (10) year period ending with the yearin which the disqualifying event ocours. ‘The property tax shall be calculated at the rate applicable for each tax year on the amount of the difference between the assessment of the land at its golf'course use and the assessment based on its full cash value. If part of the Jand is conveyed and the remaining part continues to qualify as a golf course, the deferred property taxes due shall be based only on the assessment of the part of the land that is conveyed. AGREED TO: FOR THE OWNER: — Mas Hea President Witness Dated: dey hig fy FOR THE DEPARTMENT: Lp a wmiele — Acting Direotor Director” APPROVED AS TO FORM: i. Goro Tees G. dhe Assistant Attomey General Counsel to the Department of Assessments and Taxation MARYLAND : 7 4, State Department of Assessments and Taxation Montgomery County Olfice, Robert L, Rudnick, C.A.£., Supervisor AGREEMENT 1, This Agreement between Christopher S. Sargent, President o¢ in. Title, such as President, etc. CHEVY CHASE Club, Inc. » herein after called the club, the aides of one t!°%.10y connecticut avenue, Chevy Chase, Ma. 20015 Location of country club and the State Department of Assessments and Taxation by Robert L. Rudnick Supervisor of Assessments for NONTGOMERY County, Is made pursuant to Chapter 399 of the Laws of Maryland, 1965, being Artic: 81, Section 19(e) of the Annotated Gode of Maryland 1957 (1974 Cum.Supp.). 11. The Club will provide Financial data and menbership data to the Supervisor in accordance with an application to be furnished by the Supervisor of Assessments. The Club further agrees to provide such additional Financial data and membership data as may be requested by the SuperyIsor of Assess- ments from time to time, 7 Il, It is understood and agreed that the Club has the option to withdraw from this Agreement upon receipt from the Supervisor of Assessments of the notice of the assessment for country club use and the assessment based upon full cash value, less an allowance for inflation, if in Fact inflation exists. Iv, it ig understood that this Agreement shal} be for a pertod of not less thanFifty (50 )consecutive years and may be extended from time to time, in accordance with subsection 5 of Article Bl, Section 19(e). V, It is further understood and agreed, by the Club, that this Agreement is preser|bed by Article 81, Section 19(e) of the Annotated Code of Maryland 1957 (1974 Cum.Supp.), and that under subsections 7 and 8 of Section 19(e), deferred taxes based upon an assessment of full cash value will become due and payable In the event that the Club property cease: to be used as, or fails to qualify as, a country club, as defined in Article 81, Section 19(e), irrespective of the term of this Agrecments gth December AGREED to this Day of. Secretary Francis J.Blovin WITHESS: Supervisor of Assessments for County 51 Monroe Street / Unibank Building / Rockvilla, Maryland 20350/ Phore: 279-1 4:31 STATE DEPARTMENT OF ASSESSMENTS AND TAXATION APPLICATION FOR COUNTRY ASSESSMENT UNDER ART. CODE OF NARYLAND 1957” (197% CUMULATIVE SUPPLEMENT, TO: SUPERVISOR OF ASSESSH! Montgomery county, STATE OF MARYLAND, COUNTY OF Montgomery to wit: I, Christopher S. Sargent , being first duly sworn, deposes Wane Of person making affidavit fe is ___ President of the Titl such as President, etc. and say Chevy Chase Club, inc Wame of organtzatton , the address of which ts 6100 Connecticut Ave. Chevy Chase, Maryland 20015 Location of country club Same Mailing address and makes this affidavit, for the purpose of applying for the assessment for country club use as authorized by the provisions of Section 19(e), Art. 81 of the Annotated Code of Maryland. 1. The Chevy Chase Club Wane of country club is organized and operated exclusively as a country club, having an area of land of not less than fifty (50) acres, on which is main~ tained a regular or championship golf course of nine holes or more and a club house, and which has a dues paying membership of not less than one hundred (100) persons who pay dues averaging at least Fifty Dollars ($50.00) anaually, per menber, with the use of the Club being restricted primarily to members, their families and guests. 11. Beseription of land used exclusively for country club purposes. List by Owner's name, District, Subdivision, Account Number, and Acres or Feet as appears on the last tax bill or receipt, shose properties which are used exclusively for country club purposes. (1 country club land is owned by other than the country club named above, give details, including lease terms). my OWNER'S NAME OM TAX BILL DIST. SUB ACCOUNT Chevy Chase Club, Inc. 7 1419716 Chevy Chase Club 7 g 454708 Chevy Chase Club, Inc. 7 1419705 64.64 Acres Chevy Chase Club, Inc. 7 1419693 10.00 Acres (10 “NeYes aSsessment includes club house and Other buildings) Are any portions of the listed parcels not used, or held for expan= sion, for country club purposes? x Yes No If answer is Yes, give estimate of acreage not used for country club purposes: Not applicable Are all buildings and improvements on above described land used exclusively for country club purposes? Yes x No If answer is No, explain belos Not Applicable MEMBERSHIP : A, List below the various types of monbership offered by your club; 2.g., regular (voting), associate, junior, etc. Type of No. of + Maximum Annual Spec. Assmts. for Henbership Henbers Allowed __Dues _Latest_ Year Resident 1175 1175 $1,440.00 None ee Bee eee ee car eos 00. Spec Res 339° no Limit 640.00. None Non-Res. 509 no Limit _275.00___None 720.00 Annual GUe6tS 221g init 2088 one 8 Is there a waiting list for membership? Yes. x No if Yes, how many at this time? 22d ve GENERAL INFORMATION: A, In what year was the golf course originally placed in 8. operation? 1895 Acquisition of land: 1, Date lend was acquired Beginning from 1892 2, Amount of land 180.283 Acres, plus 1152.5 Sq.Ft. 3. Price paid BOok Value $216,649.33 H, The deseribed property contains the following courses: Nunber Length Total Par 9 hole course(s) 18 hole course(s) 6685 yards _69 1, State the total number sf rounds of golf played during the year: 9 hole course 18 hole course Approx. 30,000 K. Does your golf course met all the requirements for a PGA Championship Tournament? Yes x No If not, explain what requirements it lacks: Ie VIIl, Term of Agreement: Fifty (50 years. NOTE: Not less than ten (10) years or in case of renewal, not less than five (5) years. IX. The undersigned hereby agrees to conduct a country club on the land described herein, in accordance with the provisions of Section 19(e) ‘af Article 81 of the Annotated Code of Naryland, and to abide by the rules and regulations established by the State Department of Assess- ments and Taxation pursueit thereto. NOTE: This affidavit is zo be signed by all of the owners (and lessees, if applicable), or in the case of a corporation,” by one of the duly elected officers. Pate i ae tt cand a STATE OF MARYLAND, COUNTY OF Montgomery ¥ » to wits Subscribed and sworn to before me this ff day of ea : 1, Notary Public ae AGREED. ATTEST: WITHESS MARYLAND tate Department of Assessments and Taxation Hontgome:y County Ottice, Robert L. Rudnick, C.A.., Supervisor AGREEMENT This Agreement between John C. Walker IIT os eseLELE eee he: Title, such as President, etc. ‘ Club + herein after called the club, the. address CEaRIER a 7900 Conndeeicut Ave Chevy Chase, MD 20015 "Location of Country Club and the State Department of Assessnents 6 Taxation by Supervisor of Assessments for __Montaomery County is made Pursuant to Chapter 399 of the Laws of Maryland, 1965, being Article 81, Section 19(e) of the Annotated Code of Maryland 1957 (1974 Cum.Supp.). The Club will provide financial data and menbership data to the Supervisor jn accordance with an application to be furnished by the Supervisor of Assessments. The Club further agrees to provide such additionel finaicial data and monbership data as may be requested by the Supervisor of Access, ments from time to time. 1, is understood and agreed that the Club has the option to withdraw from ibis Agreement upon receipt from the Supervisor of Assessments of the notice of he ‘assesstent for country club use and the assessment based upon foil cash value, less an allowance for inflation, if in fact. infletion oxtere, fis understood that this Agrcement shall be for a period of not less than _ fifty consecutive years and may be extended from tie to time, in accordance with subsection 5 of Article 81, Section 19(e). is is further understood and agreed, by the Club, that this Agreement is 7555 Cigad bY Article 81, Section 19(e) of the Annotated Code of Hary land 1237 (1974 Cun.Supp.), and that under subsections 7 and 8 of Section 19(2) , deferred toxcs based upon an assessment of full cash value will become Guc and payable in the event that the Club property ceases to be used as, TEcag ls fe qualify as, a country club, as defined in Article 81, section '9(e). irrespective of the term of this Agreement. to this 18th day of __duly - Scie ge eat 7 Plt = IG yy : : Fae Secreta ohn CWSI ReTE i john C,) Walker Pi hana PR cert NN STATE DEPARTMENT OF ASSESSMENTS AND TAXATION APPLICATION FOR COUNTRY CLUB ASSESSMENT UNDER ART. 81, SEC. 19) CODE OF MARYLAND 1957 (1974 CUMULATIVE SUPPLEMENT) TO: SUPERVISOR OF ASSESSMENTS Montgomery COUNTY. STATE OF MARYLAND, COUNTY OF Montgomery. to wit: John C. Walker IIT , being first duly sworn, deposes Wame of person making affidavit and says: He is President of the —TiiTe, such as President, ete. , the address Name of organization of which is _7900 Connecticut Avenue Location of country club Chevy chase, “MD” 20018 ai Wailing address and makes this affidavit, for the purpose of applying for the assessment for country club use as authorized by the provisions of Section 19(e), Art. 81 of the Annotated Code of Maryland. 1s The Name of country club is organized and operated exclusively as a country club, having an area of land of not less than fifty (50) acres, on which is ma tained a regular or championship golf course of nine holes or more and a club house, and which has a dues paying membership of not less than one hundred (100) persans who pay dues averaging at least Fifty Dollars ($50.00) annually, per member, with the use of the Club being restricted primarily to members, their families and guests. 11. Description of land used exclusively for country club purposes. List by Owner's nane, District, Subdivision, Account Number, and Acres or Feet as appears on the last tax bill or receipt, those properties which are used exclusively for country club purposes. (1f country club land is owned by other than the country club named ‘above, give details, including lease terms). OWNER'S NAME ON TAX BILL DIST SUB ACCOUNT — ACRES/FEET 4 eae raven ! Quner Colunbla Country club Colucbla Country Club Columbla Country Club Coluxbla Country Club Colunbla Country Club Colucble Country Club Coluxbla Country Club Colunbla Country Club Columbia Country Club Colusble Country Club Colusble Country Club yes 420500 435 As, 42051) 75 Ag.” 420522525 Fe. 42053308 Ac. 420454 11,59 Ag, 42047502 As, 420086 435 As, 420431 39.31 Ae, waouhe — BB.32 Ae. 4204533498 Ae. stereo lf answer is Yes, give estimate of acreage not used for country club purposes: : Ww. Are all buildings and improvements on above described land used exclusively for country club purposes? Yes 2H No If answer Is No, explain below: ve MEMBERSHIP: As List below the various types of membership offered by your clubs €.g., regular (voting), associate, junior, etc. Type of No. of Maximum Annual Spec. Assmts. for Membership Members Allowed __Oues _Latest Year Active 1,000 1,000 $1260.00 Social 200 200 Non-resident 158 - Senior & Widows 322 varies Is there a waiting list for membership? Yes__x If Yes, how many at this tim GENERAL INFORMATION: AL In what year w 5 originally pl tion? 19.12 pproximately Acquisition of land Date land was acquired Amount of land Price paid _$184,797,30 H. The described property contains the foliowing courses: Nunber Length Total Par 9 hole course(s) 6100 yds. 70 |. State the total number of rounds of golf played during the year: 33,000 18 hole course(s) Approx. 18 hole course 9 hole course K. Does your golf course meet all the requirements for a PGA Championship Tournament? Yes _ No IF not, explain what requirements it lacks: ‘The course, grounds, and parking lot lack sufficient space to meet the requirements of the PGA. Term of Agreement: ___fifty years. Not less than ten (10) years or in case of renewal, not less than five (5) years, Nore 1X, The undersigned hereby agrees to conduct a country club on the land described herein, in accordance with the provistons of Section 19(e) of Article 81 of the Annotated Code of Maryland, and to abide by the rules and regulations established by the State Department of Assess- ments and Taxation pursuant thereto, NOTE: This affidavit is to be signed by all of the owners (and lessees, if applicable), or in the case of a corporation, by one of the duly elected officers. STATE OF MARYLAND, COUNTY OF _Montaomery = » to wits Subseribed and sworn to before me this _/ 7/4 day of ae Fr Loin! Lilie. Notary Public Aan Banvidlain GOLF COURSE AGREEMEN’ ‘This Agreement is made this®Y day of Ol \y » 2017, between the Department of Assessments and Taxation, (“Department”), and Cross Creck Golf Club, LLC, Landscapes Unlimited (“Owner”), the owner of Cross Creek Golf Club (“Course”), pursuant to Tax-Property Article § 8-212 through § 8-217. EXPLANATORY STATEMENT WHEREAS, the Owner owns the Course which is located at 12800 Bay Hill Drive Beltsville MD, 2070S on land which is in excess of fifty (50) acres and improved by a clubhouse and a regular or championship golf course of at least nine (9) holes, and WHEREAS, the Owner does not restrict the use of the Course facilities primarily t0 members, their families and guests. NOW, THEREFORE, for and in consideration of the promises, covenants and conditions hereinafter set forth, the Department and the Owner agree as follows: 1. That the statements and provisions of the Explanatory Statement are incorporated herein as a substantive part of this Agreement. 2. ‘That the parties agree that the land, which is located at 12800 Bay Hill Drive Beltsville, Maryland 20705 and consists of 157.81 acres, is improved and used as @ golf course, known as the Course, shall be subject to Tax-Property Article, § 8-212 through § 8-217 of the Maryland Code, as ‘may be amended from time to time, and shall be assessed on the basis of that golf course use for five (8) year period commencing with February 6, 2017 and continuing through February 5, 2022, This Agreement is subject to renewal thereafter, but only in increments of five (5) years. 3. The Owner agrees that it will not discriminate based on race, color, creed, sex or national origin in granting membership, guest privileges or public use in or at the Course, including, but not lis ited to, privileges with regard to the use ofits golf course(s), its clubhouse facilities and any other facility at the Course. The Owner further agrees to provide financial, membership and other data as ‘may be requested by the Department or the Attomey General in the performance of their duties under the law, 4, Inthe event that a complaint of discrimination is made against the Course or the Owner to the Office of the Attomey General of Maryland, the Owner agrees that it will provide to the Attomey General such information as is requested by the Attomey General to resolve the complaint. ‘The (Owner agrees to provide the information within forty-five (45) days of the request. In the event the (Owner fails to provide the requested information within the required time and the Attorney General requests the Circuit Court in Montgomery/Prinee George’s Counties to issue a subpoena for the requested information which is issued, the Owner agrees to pay to the Attomney General attorney's fees in the amount fixed by the Circuit Court, 5, The Owner agrees that if, after a hearing pursuant to Tax-Property Article, § 8-215 isheld, itis determined that the Owner or the Course has practiced or is practicing discrimination, the Owner crimination, The shall enter into a consent agreement with the Attorney General (o end that di ‘Owner furtheragrees that ifit refuses to enter into a consent agreement within thirty (30) days of the determination, or makes such an agreement and then breaches or violates that agreement, then an order shall be issued directing the Owner to end the discrimination. The Owner further agrees that if it fails to comply with that order, then the golf course land, as described in Paragraph 1 herein, shall ‘cease to be assessed according to golf course use and shall be assessed and taxed at its full eash value beginning with the full tax year, and the Owner shall be subject to any other penalty provided by law. 6, The Owner agrees that if, prior to the end of this Agreement, any land subject to this Agreement ceases to be used for golf course use, fails to meet the qualifications fora golf course as set forth in Tax-Property Article, § 8-213, or is conveyed to a new owner that does not accept the obligations of this Agreement, then property taxes shall be due for each year the property has been assessed at its golf course use, but not to exeeed a ten (10) year period ending with the year in which the disqualifying event occurs. The property tax shall be calculated at the rate applicable for each tax year on the amount of the difference between the assessment of the land at its golf course use and the assessment based on its full cash value. If part of the land is conveyed and the remaining part continues (0 qualify as a golf course, the deferred property taxes due shall be based only on the assessment of the part of the land that is conveyed. AGREED TO: a *) Looe Ceeesident Witness] Dated: FOR THE DEPARTMENT: Nit) __ W24/i4 Michael Higgs! J Dated Director APPROVED AS ‘TO FORM: Assistant Attoney General Counsel to the Department of Assessments and Taxation COUNTRY CLUB AGREEMENT ge ,, ‘This Agreement is made this Ol day of Tuy , 2017, between the Department of Assessments and Taxation, hereinafter the "Department", and Lakewood Country Club Inc. (Owner), the owner of Lakewood Country Club Ine, hereinafter the (“Club"), pursuant to Tax- Property Article § 8-212 through §8-217 EXPLANATORY S$’ .TEMENT WHEREAS, the Club is located at 13901 Glen Mill Road Rockville MD 20850 on land which is in excess of fifty (50) acres and improved by a clubhouse and a regular or championship golf course of at least nine (9) holes, and WHEREAS, the Club has at least 100 members who pay dues averaging $50.00 or more annually for each member and restricts the use of its facilities primarily to members, their families and guests, NOW, THEREFORE, for and in consideration of the promises, covenants and conditions hereinafter set forth, the Department and the Club agree as follows: 1, That the statements and provisions of the Explanatory Statement are incorporated herein as a substantive part of this Agreement. 2. That the parties agree that the land owned by the Club located at 13901 Glen Mill Road Rockville MD 20850 and consisting of 193.18 acres, which is in part improved by a golf course and clubhouse, shall be subject to Tax-Property Article, § 8-212 through § 8-217 of the Maryland Code, as may be amended from time to time, and shall be assessed on the basis of country club use for at least a five (5) year period commencing with July 2, 2017 and continuing through July 1, 2022. This Agreement is subject to renewal thereafter in increments of five (5) years. 3. ‘The Club agrees that it will not discriminate based on race, color, creed, sex or national origin in granting membership or guest privileges in or at the Club, including, but not limited to, privileges with regard to the use of its golf course(s), its clubhouse facilities and any other facility used by the Club, ‘The Club further agrees to provide financial, membership and other data as may be requested by the Deparlnent or the Attorney Genetal in the performance of their duties under the lw. 4, In the event that a complaint of discrimination is made against the Club to the Attomey General of Maryland, the Club agrees that it will provide to the Attorney General such information as is requested by the Attorney General to resolve the complaint. ‘The Club agrees to provide the information within forty-five (45) days of the request. In the event the Club fails to provide the requested information within the required time and the Attomey General requests the Circuit Court in Montgomery County to issue a subpoena for the requested information which is issued, the Club agrees to pay to the Attomey General attorney's fees in the amount fixed by the Cirouit Court. 5, The Club agrees that if, after a hearing pursuant to Tax-Property Article, § 8-215 is held, it is determined that the Club practices discrimination, it shall enter into a consent agreement with the ‘Attorney General {o end that discrimination, ‘The Club further agrees that ifit refuses to enter into a consent agreement within thirty (30) days of the determination, or makes such an agreement and then breaches or violates that agreement, then an order shall be issued directing the Club to end the discrimination, The Club further agrees that if it fails o comply with that order, then the county club land, as described in Paragraph 1 herein, shall ccase to be assessed according to country club use and shall be assessed and taxed at its full cash value beginning with the full tax year (or half tax: year) next following that order. 6. ‘The Club agrees that if, prior to the end of this Agreement, any land subject to this Agreement ceases to be used for country club use, fails to meet the qualifications for a country club as set forth in Tax-Property Article, § 8-213, or is conveyed to anew owner that does not accept the obligations of this Agreement, then property taxes shall be due for each year the property has been assessed al ils country club use, but not to exceed a ten (10) year period ending with the year in ‘which the disqualifying event oceurs. The property tax shall be calculated at the rate applicable for ‘each tax year on the amount of the difference between the assessment of the land at its country club use and the assessment based on its full cash value, If part of the land is conveyed and the remaining part continues to qualify as a country club, the deferred property taxes due shall be based only on the assessment of the part of the land that is conveyed. AGREED TO FOR THE CLUB Po trnde Witness Lakewood Country Club, Ine. SeSS__ Uber Chon, ue Print Name of President Print Namte-of Witness Dated 720 me FOR THE DEPARTMENT PAL Cbd % de Michael Higgs Witness Director Miclad i555 Corbelt Webl, Print Name of." ,, Director Print Name of Witness Assistant/Attorey General Counsel to the Department of Assessments and Taxation, ite AGREED ATTEST: WITNESS MARYLAND State Department of Assessments and Taxation ‘igomery County Office, Robert L. Rudnick, C.A.E., Supervisor AGREEMENT. This Agreement between President of the Title, such as President, ete. Manor Country Club, Inc. s herein after called the club, Nane of Organization the address of which is _Carrolton Road, Rockville, Maryland 20853 Location of Country Club and the State Department of Assessments & Taxation by Robert Supervisor of Assessments for Montgomery County is made Pursuant to Chapter 399 of the Laws of Maryland, 1965, being Article Rudnick 81, Section 19{e) of the Annotated Code of Maryland 1957 (1974 Cum.Supp.). The Club will provide financial date ond membership data to the Supervisor in accordance with en application to be furnished by the Supervisor of Assessments. The Club further agrees to provide such additional financial deta and membership data as may be requested by the Supervisor of Assess~ ments from time to time. : Jt is understood and agreed that the Club has the option to withdraw from this Agreement upon receipt from the Supervisor of Assessments of the notice of the assessment for country club use and the assessment based upon full cash value, tess an allowance for inflation, If in fact, Inflation exists. It is understood that this Agreement shall be for a period of not less than Fifty (50) consecutive years and may be extended from time to time, in accordance with subsection 5 of Article 81, Section 19(e). It Is further understood and agreed, by the Club, that this Agreement is prescribed by Article 81, Section 19(e) of the Annotated Code of Maryland 1957 (1974 Com.Supp.), and that under subsections 7 and 8 of Section 19(e), deferred taxes based upon an assessment of full cash value will becone due and payable in the event that the Club property ceases to be used as, or fails to qualify as, a country club, as defined in Article 81, Sectton 19(e), Irrespective of the term of this Agreement. 24% day of __August f (ff a Rey. ae oft J cede vol felette Secretary President Carl Lee Frederick, Jr. Walter Robertson, State Department of Bhs to Montgomery 51 Monroe Street / Unfoank Bullding / Rockvile, Maryland 20050 ) Phone: 279-1431 STATE vEPARTMENT OF ASSESSMENTS AND TAaATION APPLICATION FOR COUNTRY CLUB ASSESSHENT UNDER ART. 81, SEC. 19(e) CODE” OF WARYLAND 1957 (1974 CUMULATIVE SUPPLEMENT TO: SUPERVISOR OF ASSESSMENTS ___ Montgomery COUNTY, STATE OF MARYLAND, COUNTY OF _ Mont comer: to wit: carl Lee Frederick Jr » being first duly sworn, deposes Wane of person making affidavit and says: He is Secretary of the Title, such as President, etc. Manor Country Club, Inc. +_, the address Wane of organization of which is _Carroiton Road, Rockville, Ma. 20853 Location of country club Carrolton Road, Rockville, Md. 20853 Nailing address and makes this affidavit, for the purpose of applying for the assessment for country club use as authorized by the provisions of Section 19(e), Art. 81 of the Annotated Code of Maryland. : The Manor Country Club, Ine. Name of country club is organized and operated exclusively as 2 country club, having an area of land of not less than fifty (50) acres, on which is maln= tained a regular or championship golf course of nine holes or more and a club house, and which has @ dues paying membership of not less than one hundred (100) persons who pay dues averaging at least Fifty Dollars ($50.00) annually, per member, with the use of the Club being restricted primarily to menbers, their families and guests. M1. Description of land used exclusively for country club purposes. List by Owner's name, District, Subdivision, Account Number, and Acres or Feet as appears on the lest tax bIIT or receipt, those properties which are used exclusively for country club purposes. (if country club land Is owned by other than the country club named above, give details, Including lease terms). OWNER'S NAME ON TAX BILL DIST SUB ACCOUNT —_ACRES/FEET 9 Manor Country Club,Ine, 13 1123595 _ 178.62 Acres Manor Country Club,Ine, 13 39 112631 _20,000 Sq.Ft. Manor Country Club,Ine, 13 39 1123607 _ 19,467 Sq.Ft. Manor Country Club,Ine, 13 39 1123618 _ 11,394 Sq.Ft. 111, Are any portions of the listed parcels not used, or held for éxpan- sion, for country club purposes? Yes Wo __ If answer is Yes, give estimate of acreage not used for country club purposes: | Ww Are all bulldings and improvements on above described land used exclusively for country club purposes? Yes __X No If answer is No, explain below: ve MEMBERSHIP: A. List below the various types of membership offered by your club; e.g., regular (voting), associate, junior, etc. Type of No. of — Maximum Annual Spec. Assmts, for Membership Members Allowed _ Dues _Latest Year Community 228 350 978.00 _100.00 1980 Comm, Special 22 110 928.00 _100.00_ 1980 Active 319 500 ~ 978.00 _100.00 1980 Social 59. 100__ 675.00 _100.00 1980 Jr. Executive 9 50 seo 100.00 1980 Comm.Retired 18 None 555.00 None Active Retired 62 None2 555.00 None Comm.Sp.Retired 16 None 495.00 None Widow 50 None 309.00 None (Continued Other Side) B. Is there @ waiting list for membership? Yes. Wo__X If Yes, how many at this time? we GENERAL INFORMAT| ON: In what year was the golf course originally placed In operation? 19.22. B. Acquisition of Tand: 1, Date land was acquired 193 2, Amount of land 178 Acres + 7 3. Price paid $85,000.00 H, The described property contains the following courses: Nunber Length Total Par 9 hole course(s) 2i20 18 hole course(s) > 1 6515 70 1, State the total number of rounds of golf played during the year: 9 hole course 18 hole course K, Does your golf course meet all the requirements for a PGA Championship Tournament? Yes No _X If not, explain what requirements it lecks: Course meets requirements, however, faciliti¢s such as parking and food and beverage are very limited = Will, Term of Agreement: Fifty (50) years. NOTE: Not less than ten (10) years or In case of renewal, not less than five (5) years. 1X, The undersigned hereby agrees to conduct @ country club on the land described herein, in accordance with the provisions of Section 19(e) of Article 81 of the Annotatéd Code of Maryland, and to abide by the rules and regulations established by the State Department of Assess~ ments and Taxation pursuant thereto. Dated: August 26, 1981 Wane Carl Lee Frederick,Jr. i Secretary Title NOTE: This affidavit Is to be signed by all of the owners (and lessees, If applicable), or in the case of a corporat ton, by one of the duly elected officers. STATE OF MARYLAND, COUNTY OF Montgomery to wit: Subscribed and sworn to before me this __2¢4 day of August 1981. SOUNTRY CLUB AGREEMENT. go This Agreement is made this 3°” day of MAY —, 2011, between the Department of Assessments and Taxation, hereinafter the "Department", and Members Club At Four Streams Ine., (“Owner”), the owner of Members Club At Four Streams, hereinafter the ("Club"), pursuant to Tax- Property Article § 8-212 through § 8-217. EXPLANATORY STATEMENT. WHEREAS, the Club is located at 19501 Darnestown Rd, Beallswville, Maryland 20839, on land which is in excess of fifty (50) acres and improved by a clubhouse and a regular or championship golf course of at least nine (9) holes, and WHEREAS, the Club has at least 100 members who pay dues averaging $50.00 or more annually for cach member and restricts the use of its facilities primarily to members, their families and guests. NOW, THEREFORE, for and in consideration of the promises, covenants and conditions hereinafter set forth, the Department and the Club agree as follows: 1. That the statements and provisions of the Explanatory Statement are incorporated herein as a substantive part of this Agreement. 2, ‘That the parties agree that the land owned by the Club located at 19501 Darnestown Kd, Beallsville, Maryland 20839 and consisting of 301.58 acres, which is in part improved bya golf course and clubhouse, shall be subject to Tax-Property Article, § 8-212 through § 8-217 of the Maryland Code, as may be amended from time to time, and shall be assessed on the basis of country club use for a ten (10) year period commencing with July 1,201 land continuing through July 1, 2021. This Agreement is subject to renewal thereafter in increments of five (5) years. oa 3. The Club agrees that it will not discriminate based on race, color, creed, sex or national origin in granting membership or guest privileges in or at the Club, including, but not limited to, privileges with regard to the use of its golf course(s), its clubhouse facilities and any other facility used by the Club, The Club further agrees to provide financial, membership and other data as may be requested by the Department or the Attorney General in the performance of their duties under the law. 4, In the event that a complaint of discrimination is made against the Club to the Attorney General of Maryland, the Club agrees that it will provide to the Attomey General such information as is requested by the Attorney General to resolve the complaint. The Club agrees to provide the information witain forty-five (45) days of the request. In the event the Club fails to provide the requested information within the required time and the Attomey General requests the Circuit Court in Montgomery County to issue a subpoena for the requested information which is issued, the Club agrees to pay to the Attorney General attorney's fees in the amount fixed by the Cireuit Court. 5. The Club agrees that if, after a hearing pursuant to Tax-Property Article, § 8-215 isheld, it is determined that the Club practices discrimination, itshall enter into a consent agreement with the Attorney General to end that discrimination, The Club further agrees that if it refuses to enter into a consent agreement within thirty (30) day’ of the determination, or makes such an agreement and then breaches or violates that agreement, then an order shall be issued directing the Club to end the discrimination, The Club further agrees that if it fails to comply with that order, then the country club land, as described in Paragraph 1 herein, shall cease to be assessed according to country club use and shall be assessed and taxed at its full cash value beginning with the full tax year (or half tax year) next following that order. 6. ‘The Club agrees that if, prior to the end of this Agreement, any land subject to this Agreement ceases to be used for country club use, fails to meet the qualifications for a country club as set forth in Tax-Property Article, § 8-213, or is conveyed fo a new owner that does not accept the obligations of this Agreement, then property taxes shall be due for each year the property has been assessed at its country club use, but not fo exceed a ten (10) year period ending with the year in which the disqualifying event occurs. The property tax shall be calculated at the rate applicable for each tax year on the amount of the difference between the assessment of the land t its country elub use and the assessment based on its full cash value. Ifpart of the land is conveyed and the remaining part continues to qualify as a country club, the deferred property taxes due shall be based only on the assessment of the part of the land that is conveyed, AGREED TO: FOR THE CLUB: Os 2 fed Iodine ; Hid ile President ‘7 Wines! o Dated: FOR THE DEPARTMENT; Dated: S- 3-// APPROVED AS TO FORM: Assistant Attomey General Counsel to the Department of Assessments and Taxation ATTACHMENT 2-019/100/005 APPLICATION TO ASSUME COUNTRY CLUB AGREEMENT 1, Blae Walker jof__ CF Montgomery Arcis LLC Montgomery Country Club present owner of the Country Club hereby file this application for the transfer of the country club agreement between __CLPTratonal GoHNLLC and the Department of Assessments and Taxation and in furtherance of this application, state as follows: 1. Tamthe_ Authorized _ Signatory i (officer) of _ CF Montgomery Arcis LLC -- owner of Montgomery Country Club (country club) and am authorized to make this application. 2. ‘The____CLP Traditional Golf} LLC. i (previous owner) December 22, 2013 centered into an agreement with the Department on and transferred the above mentioned country club to the applicant on _ September 30,2014 3. The ‘Montgomery Country Club is organized and operated exclusively as a country club, having an area of land of not fess than fifty (50) acres, on which is maintained a regular or championship golf course of nine holes or more anda clubhouse, and which has a dues paying membership of not less than one hundred (100) persons who pay dues averaging at least fifty dollars (850) annually, per member, with the use of the club being restricted primarily to members, their families and guests. 4, The description of the land used exclusively for country lub purposes is as follows; (Provide the tax map, block or parcel reference as well as the legal description) SEE ATTACHED EXHIBIT "A" ord 5, The attached questionnaire has been completed and signed under oath. 6. Itis understood that the existing country club agreement with Montgomery Country Club will remain in effect following the receipt of the completed application and questionnaire. 7, Itis understood that the term of the existing country club agreement will expire on March 16, 2018 and that the term of any renewal of the agreement will be at. least five (5) years. 8, The contact person for the purpose of this application is: CF Montgomery Arcis LLC Name, Attn: Blake Walker ‘Address; _- 5221 N. O'Connor Blvd. Suite 700 living, Texas 76039 Telephone: 477. 532. 43% ae Fax: 477. S3U 4301 i ee ‘This form secks information for the [purpose of a Country Club Agreement on the indicated property. Failure to provide this information will sesult in denial of your application. However, some of this information may be considered a "personal record” as defined in State Government Article, §10-624, Consequently, you have the statutory right to inspect your file and to file a written request to correct or amend any information you believe to be inaccurate or incomplete, Additionelly, personal information provided to the State Department of Assessments and ‘Taxation is not gencrally available for public review. However, this information is available to officers of the State, county or sunicipality in their official capacity and to taxing officials of any State-or the federal goverament, a8 provided by statute. Additionally, if your property would be used by the State Department of Assessments and ‘Taxation as « comparable for purposes of establishing the value of another property in # heering before tho ‘Maryland Tax Court, the requested information, or a portion thereof, may have to be provided to the owner of that other property. EXHIBIT “A” LEGAL DESCRIPTION Real property in the City of Laytonsville, County of Montgomery, State of Maryland, described as follows: All of those lots or parcels of land located in Montgomery County, Maryland, and more particularly described as falloves: Parcel A, Block D, Golf Estates, Laytonsville Election District, as shown on subdivision plat recorded in Plat Book 189 at Plat No, 20750 among the Land Records of Montgomery County, Maryland, containing 153-4079 actes of land, more of less. ‘Together withthe 35 foot golf course maintenance easements shown on plats entitled "Subdivision Record Plat Lots 31-37 & 44.47, Block D, Golf Estates” recorded among the said Land Records in Plat Book 189 at Plat No. 21496, "Subdivision Record Plat, Lois 38 thru 43, Block D, Golf Fstates” recorded in Plat Rook 189, Plat No. 21498, “Subdivision Record Plat, Lot, Lots 48 thru 53, Block D, Golf Estates" revorded Pfat Book 189 at Plat No. 21.500 and "Subdivision Record Plat, Lots 58 thru 60 and Parcel H, Block D, Golf Estates", recorded in Plat Book 189 at And . Allthe rest and remainder of Outlot P, in block lettered "D" inthe subdivision known as "Golf Estates", consisting, (of 4.5045 acres, more or les, as per Plat thereof duly recorded among the Land Records of ‘Monigomery County, Maryland in Plat Book 153 at Plat No. 17448 Less and Except therefiom all that land, containing 2.3654 acres, more or less, as conveyed to Myron J. Waxdal and Rowena L. Roberts by Deed fioin John C. Walker Development Corp., dated June 10, 1993 and recorded among the aforesaid Land Records on June 25, 1993 in Liber 11508 at folio 22. Further Less and Except theresrom all that part of Outlot P re-subdivided as Lot 21, Block 'D’, “Golf Estates", as shown on a plat of subdivision recorded amang the Land Records aforesaid in Plat Book 165 at Plat No. 18651. ‘Together with those certain easements granted unto Montgomery Golf Corporation, a Maryland corporation, its suocessors and assigns, by virtue of paragraphs 1, 2, 3, 4 and S in that certain Grant of Easements dated July 10, 1998 and recorded i” ‘at folio 300 among the aforesaid Land Records, Montgomery Country Club Exhibit" = Page | ASSIGNMENT OF COUNTRY CLUB AGREEMENT THIS AGREEMENT is made this MW day of fpr ( +2017, between the Department of Assessments and Taxation, hereinafter the "Department’, and ClubCorp NV XIX, LLG, Norbeck CC, LLC hereinafter "Transferee". WHEREAS, Transferee will be (or is currently) the new owner of the Norbeck Country Club, hereinafter the "Club", which is currently subject to a country club agreement (Agreement) under Tax-Property Article, § 8-212 through § 8-217, Annotated Code of Maryland, as may be amended from time to time; and WHEREAS, pursuant to Tax-Property Article, § 8-215, the transfer of property subject fo a country club agreement wil trigger the imposition of all taxes deferred under the agreement for up to ten years unless the transferee qualifies for and accepts the obligations of the agreement. WHEREAS, Transferee, pursuant to Tax-Property Article, §8-217, desires to accept the obligations of the Agreement, NOW, THEREFORE, for and in consideration of the promises, covenants and conditions set forth, the Department and Transferee agree as follows: 1. That Transferee, as the owner of the Club, agrees to accept all of the obligations of the current Agreement, a copy of which is attached hereto as Exhibit A. AGREED TO: FOR THE CLUB: es FOR THE DEPARTMENT DA # Michael'Higgs, Jr, é Date Acting Director: APPROVED: Counsel to the Department of Assessments and Taxation COUNTRY CLUB AGREEMENT ‘This Agieement is mado this Qc day of OUML , 2016, between the Department of Assessments and Taxation, hereinafter the "Department", and | Norbeck Country Club (‘Owner), the ‘ownet of Nosbeck Country Club, hereinafter the ("Chub"), pursuant to Tax-Property Article § 8-212 through § 82217. EXPLANATORY STATEMENT WHERBAS, the Club is located at 17260 Cashell Rond, Rockville MD 20853 on land which is in exeess of fifty (50) aotes and improved by a clubhouse and a regular or championship golf course of at least nine (9) holes, and WHEREAS, the Club has at least 100 members who pay dues averaging $50.00 or more ‘annually foreach member and tostvcts the uso of its facllitis primarily to meinbets, their families and guests. NOW, THEREFORE, for and in consideration of the promises, covenants and conditions hereinafter set forth, the Department and the Club agree as follows: 1. That the stutements and provisions of the Explanatory Statement ate incorporated herein as a substantive past of this Agreement, 2, That the parties agroe that the Jand ovmed by the Club located at 17200 Cashel Road, Rockville MD 20853 and consisting of 197.58 acres, which is in part imptoved by a golf course and chibhouse, shall be subject to Tax-Propenty Artie, § 8-212 through § 8-217 of the Maryland Code, as may be amended fiom time to time and shall be assessed on the bass of comntry ‘lub use for a ive (8) year period commencing with July’, 2016 and continuing though June 30,2024. ‘This Agreement is subject to renewal thereafter in Inorements of five (5) years. fae 3, ‘The Club agroos that it will not discriminate based on race, color, creed, sex or national ctigin in granting mombership or guest privileges in or at the Club, including, but not Himited to, privileges wit regard to the use of Is gol course, its clubhouse facilitien and any other fecity used by the Club, The Club further agrees to provide financial, membership and other data as may bo requested by the Department or the Attorney Genoral inthe performance oftheir dures under the aw, 4, Inthe event that a complaint of diserimination is mexle against the Club to the Attomey General of Maryland, the Club agrees that itwill provide to the Attorney General such information as is requested by the Attomey Cleneral to resolve the complaint. ‘The Club agrees to provide the information within forty-five (45) days of the request. Th the event the Club fails to provide the sequested information within the required time and the Attomey General requests the Cirenit Court inMontgomery County to issue a subpoena forthe requestod information which issued, the Club ‘agrees to pay to the Attorney General attomey's fees in the amount fixed by the Cirouit Court 45, The Club agrees that if, aftera hearing pursuant to Tax-Property Article, § 8215 isheld, it isdetetmined thatthe Club practices disorimination, it shall enter into a consent agreement with the ‘Attorney General to end that diserimination, The Chub further agrees that if it refuses to enter intoa consent agreement within thirty (0) days ofthe determination, or makes such an agreement and then ‘reaches ot violates that agreement, then an ordlor shall be issued divecting the Club to end the disorimination, The Club further agcees that if it fails to comply with that order, then the country club land, es dosoribed in Pavagraph 1 herein, shall cease to be assessed according te country club ‘use and shall be assessed and taxed at its full cash value beginning with the full tax year (or half tax ‘yeat) next following that order. 6. “The Club agrees that if, prior to the ond of this Agreement, any land subject to this “Agreement ceases to bs usod for eountey elub use, faile to meet the qualifications for a country club ‘as set forth in Tax-Property Article, § 8-213, or is conveyed to a new owmer that does not accept the obligations of this Agreement, then property taxes shall be duc for each year the property has been, assessed at its country club use, but not to exceed a ten (10) your period ending with the year in which the disqualifying event occurs. ‘The property tax shall be caloulated at the rate epplicable for cach tnx year on the amount ofthe difference botwren the assessment of the land atts country club ‘use and tho assessment based on its fall cash value, Lépart ofthe end is conveyed and the remaining, part continns to qualify at acountry club, th defered property taxes du shall be based only on the asoessment of the part of the land that is conveyed. AGREED TO: ‘ FOR THE CLUB: FOR THE DEPARTMENT: 2 2 Sean P, Powell Witness Director Dated: Geel) b APPROVED AS TO FORM: stant Afomney General Counsel to the Department of Assessments end Taxation BE Lute whelitcg 1, This Ageeenent between ___pRESIDENT.._. aaiaaieai Titie, such as President. etc. _WoopNONT COUNTRY CLUB: Su hereln after cated the club, ane oT Organization the’ address of which $5 1201 ROCKVILLE PIKE) Location of Country and tne State Department of Assessments & Taxation by /nOprRT L.RIMNICK Supervisor of Assessments for _“NONTGOMERY c ade mary 1s pursuant {o Chapter 399 of the Laws of Haryland,, 1985, being. eeicle 8). Section 19{e} of tae Annotuted Code of Harylend 1957 (197K Cua.Suee.). tie the Club will provide Cicanctal date and asnbership date to the Siperdisor Th accordance with an application to be furnished by the Supery tsar of Pr ESOERES Tae club Fureser agrees to provide, such additional financial dats ond menbérship data as may be requested by the’ Suaervisor of Assess nents from tine to time, : “I11. 1k is understood and agreed thet the Club has the option fo withdraw from this 'Agreenent upon receipt from the Supervisor of Assessments f° the porice Gt the assessment for country club use and the ossessmunt jbaced une full ceshiyolve, lets an allovance for Inflation, if in fact, 4nflatior exists. WW. it is Understood that this Agreenent shal! be for a period of not less than 50 consecutive years and may be extended from tine to tine. te ccardance With subsection 5 of Article 81, Section 19(e) ve te ts further uoderstead and agreed, by the Club, thst ‘unis Asreceene [8 \Sibeitial by Arefele B1, Section 19(e) of the Annotated Code of Narr) are 1957 (1974 Cun.Sugp.), anc that under subsections 7 and 6 of Secs!on 1ie). seeceeed taxes based Upon on ersessnent of full cash value will becone dc gad payable in the evenc chat the Club property ceases to be vcd 25 ae ag ae qualify as, 2 country club, as defined in Article 81. Seccvon (9(e), irrespective of the Vern of this Agreenent day of Tews 19 BF AuRezo to this _ oad eee Uh State fepar defy. l feravothe st art veyprentyi stor ation by: \ co [

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