A few comments having waded through the responses since the EGM announcement.
There appears to be some optimism from many of the posters on here about this proposed development but I'm not sure if many have grasped the details of some of the information given by the BMFA.
I think most BMFA members would be positive to having a national flying site complete with indoor flying facilities, a museum and organization HQ space etc. The initial information published appeared to indicate gaining sponsorship, lottery funding etc. which would mean that to members it would be 'free'. I think many thought then that it would be unlikely to come to fruition but, being of little cost to members, few would be actively campaigning against it.
Reading through the recent information and presentations, many based on the now failed plan to purchase the farm, a few things appear, to me at least, to be clear:
The consultants have concluded that no funding to build the full centre is likely to be made available in the coming years (“There is no obvious grant funding source.”). This means WE MUST FINANCE IT ALL with current 'rainy day' funds and debt.
Ex-military sites are most likely to be out of our price range.
This leaves us with a proposal to buy a small field with only a very limited budget (£63,000 quoted I think) to develop the site. Even for the £1m+ cost of a small site, we won't get much for that money and would be lucky to fund a toilet block to be built.
“Withdrawing £500,000 from our reserves protects and ensures the continuation of all normal Society activities with a healthy financial reserve maintained.” Currently the BMFA runs a minimum bank balance of £800k, taking 2/3rds of that away does not leave a healthy reserve, it places the association at significant risk. This would be especially true if we had the additional liability of a large debt.
The running costs of a site such as this appear to be massively understated. Less than £10,000 a year?! That would hardly pay for a contractor to look after security, nevermind maintenance, grass cutting, rates, taxes etc. Another large burden on the shoulders.
The projected costs do not appear to include paying off the debt at all. In other words, taking an interest only loan at a time when rates are cheap is one thing but if the rates go up, things could turn sour very quickly indeed.
So, we are gambling the future of the BMFA, our BMFA, on the purchase of a small field that offers nothing more than any of us would find at a reasonably sized club. We are never going to be able to purchase 'the heath'.
Too much of this thread has been spent talking about insurance, voting etc. etc. Of greatest importance is that we are facing spending possibly millions of pounds on a field with nothing in it, it's madness!
As for the calling of a minimum notice EGM to vote to give the board 'carte-blanche' to spend whatever they deem necessary with no further discussion, well that's not the actions of a responsible democratic organization. The short notice, limited proxy voting etc. mean that only those who live within a short distance of the HQ/NFC will be able to attend and they are the more likely to back it. This excludes a very large percentage of clubs who are too far away and more likely to vote against. Using the funds of the many to benefit the few is not the best way to go on.
If we could fund a full building, site etc. with grants and without plunging the association into ANY debt the great, let's do it. That is not what's being proposed, we cannot allow the board to go ahead with this.
Please, please, please reject this proposal!
L