What is the Deer Valley Club?

The Deer Valley Club is a private, member-owned club comprising 30 spacious townhomes and an elegant clubhouse. The Club has a ski-in, ski-out location on the Homestake Ski Run in Silver Lake Village at Deer Valley Resort. The Club has 14 two-bedroom townhomes, 12 three-bedroom townhomes and 4 four-bedroom townhomes. Club amenities include a member Club Room, restaurant, lounge, health club, outdoor spa, indoor spa, steam room, sauna, heated outdoor pool and clothing/equipment storage for each member. The Club offers complimentary airport and in-town shuttle service.

How is ownership of the Club evidenced?

Each member owns a fee simple, undivided deeded interest in all of the Club’s land, townhomes, clubhouse, amenities and underground parking, free of any debt. Additionally the members have an undivided interest in the Club’s furnishings and accessories. Title to real estate is evidenced by a special warranty deed which is recorded and clear title is guaranteed by a title insurance policy.

How many undivided deeded interests will be sold?

The Deer Valley Club will offer only 91 Club (two-bedroom) Townhome Memberships, 78 Grand (three-bedroom) Townhome Memberships and 26 Royal (four-bedroom) Townhome Memberships for a total of 195 Memberships. In addition, 35 Associate Memberships granting use of the Club’s common areas will be offered. Associate Members will pay annual dues that are applied to the Club’s general operating budget.

Is the Undivided Deeded Interest a form of timeshare?

No. Deer Valley Resort prohibits the sale of timeshares. Timesharing typically involves the ownership of a specific week (or weeks) in a specific unit. Undivided Deeded Interest provides ownership of all lodging and facilities with the right to use anytime, subject to reservation policies. It is similar to an equity golf country club membership.

How often can the owner/member use the Club?

As often as they wish, subject to the Club’s reservation policies. Each Family Membership can make up to 14 days of Planned Winter Vacations and 14 days of Planned Summer Vacations – but, there is no limit to the amount of use. The only usage constraint is use by other memberships. If some members use the Club less than their available time, others will be able to use it more. (The Lodging Reservation Policies and Procedures section provides a detailed explanation of member use privileges.)

How does a member reserve Club lodging?

Deer Valley Club reservation policies allow members to reserve vacations well in advance and also accommodates last-minute getaway decisions. Family Members reserve 14 days of Planned Winter Vacations in the fall and 14 days of Planned Summer Vacations in the spring. (The Lodging Reservation Policies and Procedures section provides a detailed explanation of member use privileges.)

What if the number of members wishing to stay at the Club exceeds the number of townhomes available?

The Deer Valley Club has been designed to equitably allocate peak period reservations when demand for lodging may exceed supply. A computerized rotating priority reservation system insures all members will have equal access to peak-period lodging over the years. (The Lodging Reservation Policies and Procedures section provides a detailed explanation of member use privileges.)

Which family members have Club privileges?

Spouses and dependent children under age 25 have full membership privileges.

Do members have guest privileges?

Yes. Guests may lodge in the same townhome with the member without a guest fee. Members may also invite Unaccompanied Guests to use their confirmed Planned Vacation Periods without a guest fee. Planned Vacation Periods are the only times Unaccompanied Guests may lodge at the Club.

Is the Deer Valley Club open to the public?

When fully subscribed the Deer Valley Club will be operated for the use, benefit and enjoyment of owner/members, their families and guests only. Prior to full subscription, limited public use will be permitted for marketing purposes.

Who manages the Deer Valley Club?

Deer Valley Lodging provides management services for the Club. When the current management agreement expires, the Board of Trustees may retain Deer Valley Lodging as the management company or engage a different company.

Do owner/members pay annual fees?

Yes. The annual owner fees pay for the professional management and operation of all of the Club facilities and amenities. Included in these annual fees are funds for staff salaries, supplies, maintenance, window washing, trash removal, legal/accounting, fuel, utilities,
property taxes, insurance, transportation and replacement and/or refurbishing of Club facilities.

Do members pay housekeeping charges when they stay at the Club?

Yes. A housekeeping check-out fee is charged for each visit. Members and guests receive daily fresh towels, trash removal and beds are made. Please see the Financial Information sheet for housekeeping and optional maid service charges.

Can members use the Club facilities if they are not staying overnight at the Club?

Yes. Members can use the Club amenities and common areas when not staying overnight. (The Lodging Reservation Policies and Procedures section provides a detailed explanation of member use privileges.)

If all of the three-bedroom townhomes are reserved, can a Grand Townhome member use a two-bedroom Club Townhome or a four-bedroom Royal Townhome if one is available?

Yes. Members can reserve any of the other types of townhomes, subject to availability, for a nightly fee with some restrictions. Please see the Financial Information sheet for the nightly fees. (The Full Occupancy Option section of the Lodging Reservation Policies and Procedures provides a detailed explanation of these member use privileges.)

Are Corporate Memberships available?

Yes. While not necessarily owned by a corporation, Corporate Memberships allow more than one individual or family to have Club privileges.

How many persons can receive Club privileges with a Corporate Membership?

The maximum number of Designated Club members per Corporate Membership is as follows:
· Corporate Club Townhome Membership – two persons
· Corporate Grand Townhome Membership – three persons
· Corporate Royal Townhome Membership – four persons

Are these Corporate Memberships in addition to the other 195 undivided deeded interests?

No. These are included in the 195 total and cannot exceed 20% of the total number of memberships.

Other than the number of persons receiving Club privileges, what are the differences between a Family Membership and a Corporate Membership?

Corporate memberships can reserve 21 days of Planned Vacation periods (per Corporate Membership, not per person) in the winter and 21 days of Planned Vacation periods in the summer. However, only seven days each season are confirmed for Corporate Members during the initial Planned Vacation reservations period. The remaining 14 days are confirmed after Family Members have reserved both of their Planned Vacation periods each season. Each Corporate Member has Space Available reservation privileges. Another difference is that Corporate Memberships cost more than Family Memberships of the same category and the annual owner fees are 20% higher. (The Lodging Reservation Policies and Procedures section provides a detailed explanation of member use privileges.)

Can the family of the Corporate Members use Club lodging and facilities?

Yes, Corporate Memberships include the spouse and children under age 25 of each Designated Member.

Who establishes the dues and controls the affairs of the Club?

A member-elected Board of Trustees establishes budgets and dues on an annual basis.

What is included in the townhome furnishing and accessory packages?

Each townhome is completely furnished and features General Electric kitchen appliances. The accessory package includes kitchen utensils, cookware, flatware and silverware. Please refer to the comprehensive furnishings list for more details.

What type of fireplaces do the townhomes have?

Most living room fireplaces are wood burning with a gas starter. Master bedroom fireplaces (where applicable) are gas burning to conform with local building code requirements.

Are cable television and VCRs available?

Yes. There is cable television and a VCR in the living room and the master bedroom of each townhome.

Can a Deer Valley Club Membership be resold?

Yes. Like any other form of real estate, the member’s Undivided Deeded Interest can be sold or transferred by the member, or sold by a licensed real estate agent through the multiple listing service, subject to the Club’s Charter and Bylaws.