Final Booklet V1

Clubhouse Projects Vote

January 27, 2021

Dear Members:

The Board and the Community have spent a very substantial amount of time and money over the past two years considering how to deal with our aging clubhouse. As promised, the Board, after much consideration and with significant input from its architectural and construction consultants, has proposed two plans. One contemplates a very substantial renovation of the existing clubhouse, and the other involves an entirely new clubhouse on the site of the existing one. Detailed information about each of these alternatives, including cost estimates, number of square feet, and the designs, have been made available to everyone. THE BOARD UNANIMOUSLY RECOMMENDS THAT ONE OF THE TWO ALTERNATIVE CLUBHOUSE PLANS BE APPROVED.

In order to have as fair a voting process as possible, you will be asked to vote in two steps as explained below:

In STEP 1 , you will be asked:

A. whether you are in favor of one of the two alternative clubhouse plans (either the SUBSTANTIAL RENOVATION or the NEW CLUBHOUSE), on the terms set forth in the Proxy under STEP 2; OR B. whether you would prefer to leave the clubhouse essentially as is, subject to those repairs, maintenance and modifications that the Board determines will be necessary to protect the health and welfare of the Members and Staff and maintain Frenchman’s Creek quality standards. (It is acknowledged that these much-needed repairs, maintenance and modifications will be expensive and may, therefore, require significant borrowings and/or assessments). In STEP 2 , regardless of how you voted in STEP 1, you will be asked to select which Clubhouse Plan you favor. Unless a majority of those voting elect to leave the Clubhouse essentially as described in Paragraph B of STEP 1 above, the results of the voting in STEP 2 will determine which Clubhouse plan is adopted.

Consequently, everyone is strongly encouraged to complete both STEPS 1 and 2.

Sincerely, FRENCHMAN’S CREEK, INC. Norman Barham President