FCF MARINA UPDATE2020 ANNUAL HOA MEETING

2019/2020 IMPROVEMENTS

• Boat house removed• 4 new slips created• Future boat lift slip created (Slip 36)• 30+ new cleats• Power hook-ups installed for new slips and lift• Water lines and hook-ups for new slips installed and repairs to existing lines will be completed• New lights added and old lights repaired• New security system installed• New spot light being installed • New T Pier at the end of the marina with higher pilings installed• 4 larger slips created• New decks boards installed• New community platform with jet ski storage and kayak/canoe launch installed• New marina sign and flagpole being installed• New piling fenders being installed for new pilings

2019/2020 MARINA PROJECTFCF Marina "Project 19/20" UPDATED 3/8/20Contractor Estimated Amount Invoiced ServiceFetch Consulting $ 4,250.00 $ 1,275.00 Initial Work to develop plans, permits & complianceExtra pier $ 700.00 $ 2,295.00

$ 680.00

Sub Total $ 4,950.00 $ 4,250.00

Permits $ 738.00 $ 390.00 PlanworkExtra pier $ 300.00 $ 30.11 Planwork

$ 300.00 MDE$ 438.00 AACounty

Sub Total $ 1,038.00 $ 1,158.11

Leight Electric $ 1,000.00 $ 7,000.00 PermitLeight Electric $ 4,350.00 RampLeight Electric $ 1,500.00 Sign/FlagLeight Electric $ 1,000.00 New PanelLeight Electric $ 6,150.00 Main PierLeight Electric $ 1,000.00 Extra work 2 x 30 AmpLeight Electric $ (2,500.00) (deduction for ramp)

Sub Total $ 12,500.00 $ 7,000.00

2019/2020 MARINA PROJECTContractor Estimated Amount Invoiced Service

Perfect Plumbing $ 4,435.00 Main Pier work

Perfect Plumbing $ 1,200.00 Demo (includes winterization)

Perfect Plumbing $ 500.00 Extra work (TBD)

Sub Total $ 6,135.00

Heinshon $ 64,719.00 $ 30,000.00 Primary Construction

$ 22,000.00

$ 12,170.00

Extra pier $ 4,500.00

Sub Total $ 69,219.00 $ 64,170.00

Henishon (Martin/Mike) $ 1,500.00 Extra work…extra dock area, cleats, boards

$ 3,000.00 fenders

$ 750.00 Materials

$ 500.00 Security for wave runners

Sub Total $ 5,750.00 $ -

HOA Demo Credit $ (3,750.00) Demo Credit

Sub Total $ (3,750.00)

2019/2020 MARINA PROJECT

Contractor Estimated Amount Invoiced Service

Sign $ 1,900.00 $ 2,207.68 Cost

Flag Pole $ 4,500.00 Cost

Flag Pole $ (2,250.00) HOA Credit

Flags $ 650.00 Cost

Flags $ (650.00) HOA Credit

Sub Total $ 4,150.00 $ 2,207.68

Security System $ 3,500.00 $ 3,500.00

Sub Total $ 3,500.00 $ 3,500.00

Total $ 103,492.00 $ 82,285.79

2019 MARINA P&LFISHING CREEK FARM HOMEOWNERS ASSN, INC.

MARINA2019 Income Statement

Income

Account 2019 Actuals 2019 Budget Variance B/(W) Marina Slip Income $ 53,305 $ 52,882 $ 423

Marina Jet Ski Dock Income $ 1,100 $ 1,650 $ (550)Marina Seasonal Slip Income $ 2,940 $ 2,940 $ -Marina Transient Slip Income $ 120 $ - $ 120

Marina Interest Income $ 4,438 $ 490 $ 3,948 Marina Income Total $ 61,903 $ 57,962 $ 3,941

2019 MARINA P&L

Expense

Account 2019 Actuals 2019 Budget Variance B/(W)

Marina Repair & Maintenance $ 10,549 $ 5,000 $ (5,549)Marina Insurance $ 2,076 $ 2,100 $ 24

Marina Administrative Support $ 2,400 $ 2,400 $ -

Slip Electric - Marina $ 5,782 $ 5,500 $ (282)

Misc Pier Expense $ 556 $ 1,000 $ 444

Pier/Marina Expense Total $ 21,363 $ 16,000 $ (5,363)$ -

Reserve Set Aside - Marina $0.00 $ 41,962 $ 41,962 $ -

Total Expense including set aside $ 21,363 $ 57,962 $ 36,599

Net Income $ 40,540 $ - $ 40,540

2020 MARINA BUDGET

FISHING CREEK FARM HOMEOWNERS ASSN, INC.MARINA

2020 Projections

Income

Account 2020 Actuals 2020 Budget Variance B/(W)

Marina Permanent Slip Income $ 56,700 $ (56,700)

Marina Seasonal Slip Income $ 4,900 $ (4,900)

Marina Transient Slip Income $ 2,250 $ (2,250)

Overnight $ 150 $ (150)

Marina Jet Ski Dock Income $ 1,300 $ (1,300)

Marina Interest Income $ - $ 4,000 $ (4,000)

Marina Income Total $ - $ 69,300 $ (69,300)

2020 MARINA BUDGET

Expense

Account 2020 Actuals 2020 Budget Variance B/(W) Marina Repair & Maintenance $ 7,500 $ 7,500

Marina Insurance $ 2,100 $ 2,100 Marina Administrative Support $ 3,000 $ 3,000

Slip Electric - Marina $ 5,900 $ 5,900 $ - $ -

Pier/Marina Expense Total $ - $ 18,500 $ 18,500 $ -

Reserve Set Aside - Marina $0.00 $ 20,000 $ 20,000 $ -

Total Expense including set aside $ - $ 38,500 $ 38,500

Net Income $ - $ 30,800 $ (30,800)

2020 MARINA BUDGET

2020 Actuals 2020 Budget Variance B/(W) Operating account 3/8/20 $ 24,321.00 Additional Renovation Expenses $ (21,000.00)Sub Total $ 3,321.00 2020 Net Income $ 30,800.00

2020 Net Projected Year End Operating Balance $ 34,121.00

Reserve as of 3/8/20 $ 314,824.00 2020 Reserve Set Aside $ 20,000.00 2020 Net Projected Year End Reserve Balance $ 334,824.00

2020 “ALL-IN” RATESBoat Size Annual “ALL IN” Fee Notes

< 16ft $750.00

16’ 0” – 19’ 11” $1,000.0020’ 0” & greater $42.50/ft Minimum rate $1,450.00/Maximum Rate $2,250.00

Wave Runner $325.00 Includes any approved vessel utilizing the floating dock

Daily Rental $10.00 Per day (Maximum 5 days without special approval)

• Boat Size is determined by the manufacturer specifications + added platforms.• Location of boat (slip or side tie-up shall be determined by the Marina Committee)• Permanent Slip Holder – Full time slip holder • Seasonal Slip Holder – Full seasonal use, but may require termination of slip if any requirements are newly enforced by a government

agency. Prorated fees shall be returned if termination is required. Seasonal Slip holders will be determined by the Marina Committee and will only be offered if the Permanent slips are fully occupied. Marina Committee will always attempt to accommodate a slip holder if changes are required (boat size and slip tenure shall be taken into consideration).

• Transient Slip – Full seasonal use. Side tie-up location. May require termination of slip if any requirements are newly enforced by a government agency. Prorated fees shall be returned if termination is required. Transient slip holders will be determined by the Marina Committee and will only be offered if the permanent and seasonal slips are fully occupied. Marina Committee will always attempt to accommodate a slip holder if changes are required (boat size and slip tenure shall be taken into consideration). Boats greater that 16’ shall receive a $250.00 discount for Transient slips.

2020 MARINA SLIP ASSIGNMENTS

2020 WAITING LISTName Address Moveindate Active Inactive

Bernie Seery 122, Longfellow Drive May-89 No YesFrank & Ellen Ballinger 1222 Thomas Point Court Oct-92 No Yes

John and Elizabeth Stader 3438 Hidden River View Rd Mar-94 No NoNiels Holch 3308 Hidden River View Road Mar-96 No YesBetty Jans 3445 Hidden River View Rd, Annapolis, MD 21403 Apr-98 No Yes

Tim Fantone 1209 Thomas Point Court Apr-02 No YesLeslie Julian 1203 Cherry Tree Lane Sep-03 No No

Steve Haiman 3672 Thomas Point Road Jan-09 No YesSteven Ellsberry 1235 Cherry Tree Lane Mar-11 No No

David Irving 3444 Hidden river View Road Dec-11 No NoWoodrow Paik 3417 Hidden River View Road Jul-18 No Yes

“Active” means you are interested in a slip if one becomes available. Declining a slip as an active person on the list, may impact your position on the list in the future. There will be a $75 fee billed for individuals that want to stay on the "active" list.

“Inactive” means you are not currently interested in a slip, but wish to remain on the list as "inactive". No fee is charged, and no contact will be made by the marina committee regarding open slips.

2020 INITIATIVES, REQUESTS & THANKS

INITIATIVES• Complete the Renovation Project• Add a security cable for the jet skis• Replace more deck boards• Clean up the shore area• Drop a new marker at the rock pile at the edge of shore line• Update Rules, Regulations and Bylaws

REQUEST• Make sure that your boat is properly tied to avoid damage to your vessel and the pier.• You are responsible for any vessel that you invite as a guest to the marina.• Communicate and assist other boaters, if you see anything out of the ordinary with another boat in the marina.• Communicate to the marina committee, if you see anything that needs to be addressed at the marina.• Help out and clean around the marina!

THANKS TO BOB MCGRAW, MIKE CASSILO & ALL Board and community members that have assisted with the marina renovations!!!!