03-10-2020.SURVEY RESULTS BOOKLET

CLUBHOUS E AND CAMPUS P LAN I NS I GHT

Please answer the following questions in order to help the Committee determine the best funding alternatives for members. We know these questions can be hard to answer because we do not yet have the projected expected cost of the Clubhouse. Please answer them to the best of your ability.

I would prefer to increase the monthly assessment and keep the twelve years of repayment.

11%

18. a. Please select your preferred option from the list below:

I would prefer to keep the $350 monthly assessment for twelve years and have an upfront assessment for the additional amount required. I would prefer to keep the $350 monthly assessment and extend the length of the repayment.

63%

The majority of members would prefer to keep the current $350 monthly assessment and extend the length of the repayment. The next largest support group (22% of respondents) would prefer to keep the assessment for twelve years and then pay an upfront assessment. Funding preferences were consistent across the age stratifications at the Club.

22%

4%

I would prefer to pay the entire assessment up front.

0% 10% 20% 30% 40% 50% 60% 70%

b. How strongly do you feel about your preferred financing option above?

More than three-quarters of the membership has a strong preference for their financing choice while 23% of members believe that any of the options are acceptable.

Any of the above options are acceptable.

Older members hold a stronger preference towards their preferred financing option.

23 %

I have a strong preference for my choice.

Members who indicated they would prefer to keep the current $350 monthly assessment and extend the payback period had a much stronger preference for their choice than other funding options.

20

Frenchman’s Creek – Member Survey Report