Grandezza Master Board Meeting Highlights

Dear Residents,

Although there was a large turnout at the board meeting Tuesday, I want to give a brief summary, for those not in attendance, of the major reports presented regarding the sale of the club, the pending development of University Highlands and the pending board vacancy.

In regard to the sale of the club, I want to share the discussion from a meeting that JJ and I had with Dick Klaas and his son Ben. Dick indicated he feels a well run club with happy members increases property values and he is committed to such. I’ve highlighted below some of the other plans he shared with us:

· No construction on sales office property – special deed precluding such

· Considering permanent, 24 hour health club on sales center site

· Considering existing health club facility as grill room

· Do not intend to institute minimums

· Plan to replace carpet and do painting

· Planning other furniture and fixture improvements

· Has received wish list from employees regarding improvements they would like to see – (few suggestions)

· Not familiar w/B&B plan

· Plans marketing campaign to fill the membership

· Longstanding business person and civic leader in community.

· Will do member satisfaction survey after closing

JJ and I presented the following on behalf of the residents:

· Asked Klaas to review list of improvements previously presented by JJ, on behalf of members, to Charlie last May

· Emphasized social members rarely use the club and feel it has low value

· Indicated our plans to start B&B project in August

· Indicated reinstating Cabana services was high on residents wish list

· Indicated spirit of community at club has diminished and need reinvigorated

· Inquired return on investment goals – funding for such plus cost of improvements will come out of operating profits and dues increases.This topic was tabled based on Brian Stock’s request

Having consulted with counsel, we feel the next steps on your behalf are to follow up on the return on investment goals, dues structure, safeguarding initiation deposits and discussing other formal agreements with Stock that will be transferred to Klaas as part of the purchase. We will request a follow up meeting with Klaas to cover these issues.

Our initial impression is that having a long time developer, golf club manager and civic leader interested in the community is a plus to this deal. We need to follow up to determine if his goals align with the property owners goals. We agree with Dick Klaas’ theory that improving the club will increase property values-we have no way of estimating how much.

N&M Development Group has requested a zoning variance for the University Highlands Development which stretches from the outlets to Estero Parkway across from Grandezza.  The variance requests increasing the height limitation of buildings and changing the mix of commercial, mixed use and residential construction. The height variance allows them to construct a hotel similar to Embassy Suites. They have indicated it will be set back toward I-75 to buffer us and maintain tranquility. A conceptual master plan is available at the concierge desk at the club. They have agreed to do a presentation at our next board meeting. I might add that, from my attendance at their meetings, the Estero Community Planning Panel (ECCP) appears very knowledgeable in vetting architectural plans, have considerable knowledge of government regulations and administrative processes and is looking out for Grandezza’s best interest. They gained this experience by vetting Coconut Point.

I regret to announce that Paula Noice has advised she will be resigning from the board effective with the August board meeting. She feels her extensive travel schedule doesn’t allow her to devote the time necessary to deal with the issues facing the Board. The Board certainly appreciates everything Paula has done for the community in her role as Chairperson of Landscaping and Communications Committees and respects her decision to step aside in favor of someone able to devote the necessary time.

The board is looking for candidates to fill the position who posses many of the following skills:

· Prior POA board experience preferably with a landscaping committee

· Long range planning implementation

· Technical communications

· Consensus builder

If you are willing to volunteer your time to the community and would accept a nomination, please contact our property manager, Chris Jordan at 239-947-4552 or chris@sterlingpropertyfl.com before August 9.

Please join me in thanking Paula for her time and efforts during her tenure.

The next board meeting is Tuesday, August 17^th @ 6:00. I hope everyone is having a safe enjoyable summer!

Mike Schriml