November 3, 2021
During a special meeting held this evening, we met with our membership and presented an offer from Woodbridge Township to acquire Springwood Swim Club which was unanimously accepted. We expect the transaction to close in early 2022. More details to follow as they become available.
What does this mean for bond holders?
When the transaction closes in early 2022, all outstanding bonds and 2022 pre-paid memberships will be refunded in full. This includes all bond holders on the bond refund list.
What if I'm seasonal and pre-paid for 2022?
All memberships paid for 2022 will be refunded shortly after the transaction closes.
Can I still join the club?
Yes, all existing members will still be able to join the club.
What about non-residents?
Residents of Woodbridge Township and non-residents will be able to join the club with different membership rates.
What are the 2022 rates?
The 2022 rates will be determined after the transaction closes and will be announced in 2022.
What does the town plan to do with the club?
The town plans to keep Springwood intact as a pool club and enhance the property.
For additional information and questions, please email us or the mayor at john.mccormac@twp.woodbridge.nj.us.
We are excited about this opportunity and look forward to seeing you all at the club in 2022.
Sincerely,
Craig, Marc, Brian, Emilie, Rick & Joe
During a special meeting held this evening, we met with our membership and presented an offer from Woodbridge Township to acquire Springwood Swim Club which was unanimously accepted. We expect the transaction to close in early 2022. More details to follow as they become available.
What does this mean for bond holders?
When the transaction closes in early 2022, all outstanding bonds and 2022 pre-paid memberships will be refunded in full. This includes all bond holders on the bond refund list.
What if I'm seasonal and pre-paid for 2022?
All memberships paid for 2022 will be refunded shortly after the transaction closes.
Can I still join the club?
Yes, all existing members will still be able to join the club.
What about non-residents?
Residents of Woodbridge Township and non-residents will be able to join the club with different membership rates.
What are the 2022 rates?
The 2022 rates will be determined after the transaction closes and will be announced in 2022.
What does the town plan to do with the club?
The town plans to keep Springwood intact as a pool club and enhance the property.
For additional information and questions, please email us or the mayor at john.mccormac@twp.woodbridge.nj.us.
We are excited about this opportunity and look forward to seeing you all at the club in 2022.
Sincerely,
Craig, Marc, Brian, Emilie, Rick & Joe