FC - Member Survey Comment Summary

2020 MEMBER SURVEY OVERALL COMMENT SUMMARY FRENCHMAN’S CREEK BEACH AND COUNTRY CLUB

Frenchman’s Creek – Overall Comment Summary

OVERAL L COMMENT S

GGA has summarized the key themes present throughout the overall comments collected through the Survey. The themes below, ranked by proportional support highlight some of the key concerns held by members with respect to the Clubhouse project. The key themes are as follows:

• 22% of members (94) share their opinion that the Club should not pursue a new Clubhouse but rather renovation/repair of the existing facility. These members referenced the possible cost savings associated with such a renovation and many members expressed a desire to preserve the current sports bar.

• 7% of members (31) referenced the cost of the new clubhouse and expressed their concerns regarding the funding required to complete the new clubhouse project.

• 7% of members (29) made mention of the impact that the two clubhouse sites would have on the tennis program and accessibility to the tennis courts from the new clubhouse locations.

• 7% of members (28) shared their opinions surrounding the Board at the Club with regard to the Clubhouse project. Member sentiment was split between supporters of the Board who were thankful to those who had volunteered their time to move this project forward and members who feel that aspects of the communication and planning should be more transparent to the membership.

• 5% of members (22) made reference to the spa and fitness facility with the majority expressing their support for a renovation or addition to improve the experience. Members expressed split support for completion of this project in parallel with the Clubhouse and for a more conservative timeline for this project.

• 5% of members (22) shared their insights regarding parking at the Club and the impact that the proposed Clubhouse sites would have on parking at the Club as well as additional solutions which were proposed by members to solve the parking issue. Overall, the vast majority of members were in agreement that the current parking situation should be addressed within the Clubhouse project.

• 2% of members (10) expressed their opinions regarding the temporary facility. Overall, the sentiment was split between members who starkly oppose such a facility and those who were happy to leverage such a facility while the new clubhouse is being constructed.

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Frenchman’s Creek – Overall Comment Summary

RE S TR I CT I ONS

This report is not intended for general circulation or publication nor is it to be reproduced or used for any purpose without GGA’s prior written permission in each specific instance. GGA does not assume any responsibility or liability for losses occasioned to the Directors or Shareholders, or to any other parties as a result of the circulation, publication, reproduction or use of this report contrary to the provisions of this paragraph.

GGA reserves the right (but will be under no obligation) to review all calculations included or referred to in this report and, if GGA considers it necessary, to revise its conclusion in the light of any information existing at the report date which becomes known to us after the date of this report. GGA believes that its analyses must be considered as a whole and that selecting portions of the analysis or the factors considered by us, without considering all factors and analyses together, could create a misleading view.

GGA Partners

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Frenchman’s Creek – Overall Comment Summary