FCC White Paper Report

3. FCC used to be THE premier country club in Southwest Florida (Collier and Lee counties). Does the Board believe FCC can no longer compete with premier clubs in Southwest Florida? Answer: The following are the current FCC Mission and Vision Statements: Mission: To exceed member expectations in all areas while preserving the premier lifestyle and camaraderie that embody Fiddlesticks Pride. Vision: To be the premier country club of choice in Southwest Florida. Twenty years ago, Fiddlesticks competed primarily with Collier County clubs such as The Club at Mediterra, Bonita Bay, Wilderness, and Pelican Bay. Since then, newer clubs like Shadow Wood, Bonita Bay, Wildcat Run, Miramar Lakes, Verandah, The Forest, The Plantation, and others throughout Lee County have emerged. Some clubs have invested or plan to invest $50–$100+ million in clubhouse-related renovations. Our consultants and Board believe that FCC does not need to match these expenditures to be competitive. They believe we can maintain our standing as a premier club by ensuring our golf courses surpass peer clubs and our non-golf facilities are on “par” for FCC to be the premier club of choice. In addition to superior golf courses, excellent racquet sports, and fitness programs, we have unique strengths that differentiate FCC . • Low member density • Unique membership culture enhanced because of our low density, supported by vibrant social programming. • Exceptional staff This belief is central to any facility improvement recommendations by the Committee and Board.

4. What are the major project renovation and expansion components? Answer: The possible conceptual design for the clubhouse and gatehouse renovation is estimated

to cost between $38 - $42 million, which includes: • Life/Safety and Code Compliance Upgrades:

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