*Please note that bonded membership changes can not be completed during the summer season when the pool is open. Per our bylaws, after three years of nonpayment of dues or inactivity fees, the member’s bond reverts to Palisades and the membership is terminated.
Do I have to buy a bond when it’s offered?
Yes. Temporary (season to season) membership continues until a bond becomes available and the member’s name comes up for a bond. Temporary members remain on a bond waiting list in the same order in which they waited for their initial membership. Time waiting for a bond depends on how many bonds get turned in each year, and how many people are on the waiting list. Recent history has been 7 to 10 years of temporary membership before a bond is available. Once a bond is offered, it must be purchased or membership is terminated.
Does my bond earn interest?
No. When you surrender your bond, you will be refunded for the price you originally paid for your bond minus any unpaid fees. Interest does not accrue.
Can I give my bond to someone else?
The bond is an agreement between the bondholder and the Palisades Swimming Pool Association and cannot be transferred to another person. However, parents who are current bond holders may request a bond for their adult children who are 30 years of age or older. Please email our Membership Chair at firstname.lastname@example.org for more information.
How can I turn in my bond? What if I’ve lost it?
To surrender your bond, sign the back as indicated (you do not need a witness) and return to Palisades Swimming Pool Association, PO Box 636, Glen Echo, MD 20812. If you do not have your bond, write a letter stating you want to surrender your bond but cannot locate it. In either case, if the bond was issued in two names, both parties must sign the bond or letter.
We’ve divorced, how can I get my spouse’s name off the membership?
One spouse cannot unilaterally remove the other. The party being removed must agree. A letter signed by the party to be removed must be sent to Palisades Swimming Pool Association, PO Box 636, Glen Echo, MD 20812. If both spouses want to continue under separate memberships, please email the Membership Chair at email@example.com for more information.
My spouse (or parent), who was listed on the bond, has died. How do I surrender the bond?
Please email the Membership Chair at firstname.lastname@example.org for more information.
I’m selling my house. How can my buyers get my bond?
If you’re selling your house, wait until you have a buyer and an estimated closing date. Follow the steps above to surrender your bond. Additionally, enclose a letter that includes the name of the buyer and when they will take possession, and your new address. Your membership will be terminated and you will be refunded for the amount you paid for your bond. The buyers will receive an invitation to join Palisades as a bonded member at the prevailing bond rate. Please note that memberships can not change status during the summer season when the pool is open.