FOUR-SEASON BAG JUMP BONDS

Funding and investment opportunities:

The bulk of the project is being funded through the Sale of Bonds.   Bonds are being sold in $10,000 increments. Bonds may be purchased by one individual or co-purchased by a group of investors. 

  • Bonds may be purchased as single or multiple bonds.  Payment on signed bonds is due no later than April 30, 2017.

  • Bonds are paid back over 10 years.

  • Interest is 5.5% per year based upon the outstanding principal, so with $10,000 outstanding that’s $550 interest per year.  With $9,000 outstanding, interest payment would be $495.00 and so forth.

  • Bond principal and interest can be offset against program fees at holder’s option.

  • Program credits can be applied up to the amount of principal and interest that KMS tenders each fiscal year.

  • Program participants will receive a discount on summer bag jump camps:

    • 10% for purchase of a single bond,

    • 15% for purchase of two bonds,

    • 20% for purchase of three or more.

  • The discount is valid for the term of the bond or until such time as the bond has been retired.

  • Sign-up for camps will be on a first-come, first-served basis. There will be no special enrollment consideration for those families who hold bonds.

Click here to download the Bond Promissory Note form.

Please contact Jeff JuneauKris PepeGar Trayner or Nori Pepe today about funding this amazing project!


Frequently Asked Questions about the project:

 

What is the proposed availability of these facilities for our athletes?

  • Freestyle, Freeski and Snowboard Development Programs will have supervised access to facilities during all program dates

  • Camp target audience is 8 - 18 action sport participants and will have supervised access to facilities during scheduled camp dates

  • Goal is to be operational during the 2017 Season

How many hours do you expect the airbag to be available on any given weekend?

  • The airbag will available for use 10 - 3:00 each weekend (Weather dependent- snow, rain and wind will affect operational safety)

  • Athletes can expect to spend on average 2-4 hours (1-2 training sessions) per weekend, given time for other training plans, development opportunities and competitions. 

Will coaches bring groups there or will the kids have discretion to use it on their own?

  • The training will have to done under the supervision of a Level 200 Aerial, Freeski, or Snowboard Coach

Will there be specific staff assigned to work the bag jump on the weekends/ Can parent volunteers help?

  • A USSA Level 200 Aerial Certification is required to operate the venue

  • Parent volunteers can be used to help maintain and assist in running the site (ex. clearing snow and water off airbag, stepping in-run, video)

Who will own the airbag and related assets?

  • Killington Mountain School

In the past, Killington/Pico Resorts used the old Airbag for events like the Airbag Challenge. Who will have access to the facility, and when?

  • There may be times when we will lease out or allow permission for groups other than KMS/KSC to utilize the facility, For example, our current agreement allows for the use of the hill space by Killington Resort for two weekends in March. This does not include the use of bag, and is outside of our peak usage time for the Airbag.

What level of commitment has the mountain given to maintaining the jump?

  • Killington Resort has committed resources to the building and maintenance of the jump along with moving snowmaking pipe to help facilitate the space and snowmaking we need for the venue.

Using the online form below to purchase bonds with an ACH Direct Deposit incurs no transaction fees.

Thank you for your support!

ABOUT KMS

 Since 1974, KMS has provided student-athletes the opportunity to pursue excellence on the ski slope and in the classroom. KMS alumni have proved themselves as athletes and as scholars, as leaders in business and in the community. The personal attention and passion for excellence at KMS guides each student-athlete towards his or her potential, helping each alum reach his or her goals. 

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2708 Killington Road, Killington, VT 05751
Tel: 802.422.KMS1 Fax: 802.422.5678 

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