Membership

Membership Fees
Class A memberships shall be issued only to persons who own lots conterminous to Lake Sherwood. A non-refundable membership (joining) fee shall be paid for each new membership. The membership fee is $6750 and can be paid in a modified installment plan. State and county tax is due on membership fees. There shall not be more than 185 Class A memberships. A proposal has been made to increase A membership joining fee to $8000 pending by-law changes.

Class B memberships shall be issued only to persons who own property in Sherwood Estates boundaries which does not like conterminous to Lake Sherwood. A non-refundable membership (joining) fee shall be paid for each new membership. The membership fee for Class B membership is $3000 and can be paid in a modified installment plan. State and county tax is due on membership fees. There shall not be more than 130 Class B memberships.

A special campaign for B members is currently underway. Joining fees are reduced to $1000 through July 1, 2020, then $2000 until B memberships are at full capacity.
 
Annual dues
The annual dues fee is $650, plus applicable tax. There are plans for this to be increased to $950 beginning 2021 pending by-law change.

The annual dues fee for B members has been dropped to $400 effective March 27, 2020. 


Capital Stock
The par value of each share of capital stock is $200.00.
 
Boat Registration
No boat shall be launched or operated on Sherwood Lake until the boat has been registered in writing with the Lake Club.

  1. Initial Registration Fees 

    • All motorized boats - $100 per boat

    • All non-motorized boats - $10 per craft

  2. Annual Registration Fees

    • All motorized boats 25hp and above - $50 per boat
      Motorized boat fees will be $150 per boat beginning 2021

    • All motorized boats under 25hp - $10 per boat
      Motorized boat fees will be $30 per boat beginning 2021

    • Non-motorized craft - $5 per craft
      No changes to this fee for 2021