Frequently Asked Questions

The Club

Question: What is The Golf Club at Devils Tower?

Answer: The Golf Club at Devils Tower, Inc., a Wyoming non-profit corporation (the “Club”), is organized to enable its members and guests to use the golf and social facilities at the Club (the "Club Facilities"). The Club Facilities are located within the Devils Tower Golf Community (the "Community") in Hulett, Wyoming.

Question: What is a member-owned club?

Answer: A member-owned club permits its Equity Members to control the Club through the right to vote. The operation of the Club Facilities is accomplished through the direction of the Board of Directors that is ultimately elected by the Equity Members. The Board oversees the management of the Club. Major issues are normally decided only by the vote of the Equity Members. Until the Club Facilities are fully transferred to the Club, the Board of Directors of the Club will remain the same individuals as the Directors of the Devils Tower Golf and Country Club, Inc., which is selling the Club Facilities to the Club by contract.

Question: What benefits are provided by member-ownership?

Answer: As a result of Equity Member control, a member-owned club assumes the characteristics of its membership. The Club experiences and lifestyle are enhanced by the higher level of interest and participation of the Member-owners and the greater continuity in the membership. The Equity Members ultimately set the rules and the costs of membership privileges.

The Club Facilities

Question: How will the Club acquire the Club Facilities?

Answer: Devils Tower Golf and Country Club, Inc., a Wyoming Corporation (the "Company"), will transfer to the Club all of the Company’s rights, title and interest in the Club Facilities, pursuant to a Purchase Agreement between the Company and the Club. In consideration of the transfer of title to the Club, the Club will pay the Company the sum of the Membership Fees collected equal to the sale of 450 Equity Memberships ("Membership Contributions"), and upon the sale of the 450th Equity Membership, title to the Club Facilities will transfer to the Club.

Question: Might the Company decide not to transfer the Club Facilities to the Club?

Answer: In the event that the Club has sold fewer than 450 Equity Memberships on or before December 31, 2012 ("Closing Date"), the Company shall then have the option of; (i) extending the Closing Date to a date mutually acceptable to both parties or (ii) returning all money paid to the Club by its Equity Members.

Question: What facilities will be available for use by Club Members?

Answer: The Club Facilities currently include a championship 18-hole golf course, practice grounds, a golf course maintenance facility and a temporary Clubhouse, which contains a restaurant and bar, pro shop and sales/marketing offices. There are also cabins that are available for member use, as well as home sites available for purchase. In addition, plans for a permanent clubhouse/lodge are in the works. This new clubhouse will consist of a pro shop, fine dining area, a lounge containing an historic cherry wood bar, circa 1878, club rooms, sales and marketing offices and exercise/spa facilities.

The Memberships

Question: What categories of Equity Membership will be issued by the Club?

Answer: The Club will offer three categories of Equity Membership, all of which will have voting privileges. These categories are Corporate Membership, Resident Membership, and Non Resident Membership. The Club will also issue Limited Local Golf Passes, Honorary Memberships and Life Memberships, which will not have voting privileges.

Question: How many Memberships will be available in the Club?

Answer: Initially, the maximum number of Equity Memberships will be 450. These numbers can only be modified as set forth in the Bylaws.

Question: What are the privileges of Equity Membership?

Answer: Equity Members will be entitled to use of all Club Facilities. Equity Members will pay cart fees, lodging fees and other consumable fees and sales tax but will not be required to pay greens fees. Equity Members are entitled to reserve "prime" golf tee times.

Question: What additional provisions apply to Corporate Membership?

Answer: A Corporate Member shall each be entitled to designate additional employees ("Designated Members") for an additional fee for each Designated Member. The Designated Members shall generally have the same guest privileges and family privileges as Resident and Non-Resident Members. The Corporate Member shall be responsible for all charges, dues and other obligations of its Designated Members. Corporate Members have one vote regardless of the number of Designated Members and they pay monthly dues for each of their Designated Members.

Question: To whom will Memberships be offered?

Answer: Memberships will be offered to both homeowners within the Devils Tower Golf Community and others, at the discretion of the Club.

Membership Application

Question: How do I become a Member of the Club?

Answer: You must complete and submit a Membership Application and Agreement and deposit the necessary initiation fee with the Club. If approved for membership, you will be notified and the Club will issue a membership certificate.