LPMA 2008 Senior Membership Fees* (sometimes referred to as
a lifetime membership)
Terms of Membership
Membership Initiation $
7000 (up front and in full)
Non-refundable Component $ 3000
Depreciation Term 7 yrs
Refund year
1 – 3 $
4000
(year complete) year 4 $
3000
year 5 $
2000
year 6 $
1000
year 7 $
0
year 8 + $
0
Cost Example as a Comparison to Seasonal Associate
Membership
During Depreciation Term ( 7 years )
Initial Membership $ 7000 / 7 yrs = $ 1000
Annual Senior Membership
Fee
$ 714
Total Yearly Cost $
1714
Following the 7 year
Depreciation Term
Annual Membership Fee $ 714 **
* Subject to approval by City of
** (subject to potential annual adjustment, as determined by
the membership)