08-07-20.BARHAM.PRESIDENT'S REPT.ISSUE 7

F R E N C H M A N ’ S C R E E K , I N C .

President’s Report

Norman Barham, President

August 7, 2020—Issue 7

Dear Members: As I sit here in New Jersey, watching Isiaias’ winds and rain (and getting tornado warnings and power outages...the longest one lasting 11/2 days!), it is time to update you on the latest news from Frenchman’s Creek. Because there is still unfinished business on the Board’s agenda, we de- cided to add July and August Board meetings to the calendar. The July meeting was held (via zoom) on July 23rd. Highlights of that meeting are summarized below:

COMMITTEE REPORTS

FINANCIAL MATTERS (Jonathan Nelson, Treasurer): Our Treasurer reported that the Com- munity has a positive variance compared to budget of $84K; the Club income is favora- ble to budget by $1K and the POA is favora- ble to budget by $83K. COVID-19 continues to impact all aspects of the Community. Ex- penses related to the pandemic totaled over $133K for the first 2 months of the fiscal year. As a result of a higher occupancy rate in June, Main Club Food & Beverage revenue (mostly in Take-Out) finished the month $111K higher than budget. The Beach Club, which was expected to be closed for most of June, remained open and ended the month with a positive revenue variance of $39K. Golf re- lated revenues were also impacted by both the pandemic and the higher occupancy rate. Golf Shop sales were double the budg- eted amount while non-member and guest fees dropped by $17K. Most overhead de- partments have favorable variances due to the continuing cost saving measures put into place by Management at the beginning of the pandemic.

MEDICAL ADVISORY COMMITTEE (Dr. Stuart Friedman, Chairman): The Committee has continued to follow the upward spiral of new Covid-19 cases and deaths in both Palm Beach Gardens and Palm Beach County. We are in the process of devel- oping protocols for our members upon their re- turn this fall for obtaining coronavirus testing. In addition, we will be reviewing our policies as they pertain to the fitness center and our dining out- lets. Lastly, we are working with Marketing to de- velop a set of short COVID-19 educational vide- os for our community. Floor layouts for a renovated Clubhouse, a new Clubhouse and a Lifestyle Center (Spa/ Fitness Center) are being completed. We are also examining options for temporary facilities and talking with 3 banks about financing options. We are evaluating operational savings for both clubhouse options. The target date for a full package to be presented to the community is November. CLUBHOUSE OVERSIGHT COMMITTEE (Michael Azeez, Chairman):

Report Continues on Page 2

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GREEN COMMITTEE (James Anchin, Chair- man and Dick Adler, Vice Chairman): The Committee Chairs together with Wes Dillard (Director of Golf Maintenance) and with the help of J.R. Congdon (Director of Golf Op- erations), have proposed an improvement pro- ject for the North Golf Course. The proposal addresses several issues which, when correct- ed, will provide excellent conditions and playa- bility for another 9 years. In 2029, the infra- structure will need replacing. Proposed are the following: • Restore the size, shape and contours of all the greens; • Construct a handful of new forward tees; and • Make some adjustments to the approach- es to Hole 7 and the 17th Green to improve playability. An architect will be selected soon and the scope of the work will be refined with the help of the committee. Projected costs are be- tween $600,000 and $650,000. Mr. Stanfield reviewed the current Long- Term Project Plan (which includes essential work on such items as community roads, bulk head- ing and other necessary infrastructure items) and made a recommendation to raise the capital replenishment monthly assessment from $200 to $300 per household. It was de- cided to defer discussions and a vote on this to the fall. SECURITY UPDATE (Frank Spitalny, Security Committee Chairman and Fred Corvo, Di- rector of Security): We are maintaining open lines of commu- nication with all law enforcement agencies in our immediate area and also monitoring all security incidents in neighboring gated com- munities. We have received information re- garding a rash of vehicle and home burglaries LONG-TERM PROJECTS PLANNING COMMITTEE (Jeffrey Stanfield, Chairman):

in our area. We are asking all homeowners to be extra vigilant in these difficult times; please keep your homes and vehicles locked at all times and set your home alarm system when you leave your house. Resident lanes will close at 10:00 p.m. each evening so that an officer can monitor all vehicles entering and exiting the community. NEW MEMBERSHIPS: Home sales remain active. We are 3 months into the fiscal year, which began May 1, and we already have twelve (12) new membership sales, 6 have closed and 6 are pending. We continue to have strong interest by prospective purchasers and are predicting a successful fis- cal year ending April 30, 2021. FINAL THOUGHTS: I hope you are staying healthy and enjoying your summer...in spite of all the restrictions due to the virus. Our next Board meeting will be held (via Zoom, of course) on August 20, 2020. Agenda items for that meeting will include re- ports from the Governance, Lifestyle Center, and the Common Area Lot Development Committee, among others.

Sincerely, Norman Barham President

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UPCOMING BOARD MEETINGS ( BEGIN AT 10:00 A . M .)

2020 •

AUGUST 20

SEPTEMBER 17 (tentative)

• • • •

OCTOBER 15 NOVEMBER 19 DECEMBER 22

2020/2021 BOARD OF GOVERNORS Officers: Norman Barham, President Jeffrey Glazer, 1st Vice President Jeffrey Stanfield, 2nd Vice President Michael Azeez, 3rd Vice President Jonathan Nelson, Treasurer Martin Krall, Secretary Martin Slepkow, Ex Officio Board Members: Martin Cohen Diane Exter

Stewart Friedman Michael Gianatasio Brett Handler Krista Nicklaus David Rosenblatt

Robert Scherer Herbert Selzer

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