Hello, Pelican Bay! It is my genuine privilege to share a few thoughts with you at the beginning of 2024, sitting as Pelican Bay Foundation’s President after my first 120 days. Many of you have seen a great deal of change here in Pelican Bay over the years and you’re about to see even more! Expectations for value from all the Foundation stakeholders — residents, commercial members, staff and others — have risen sharply in this post-COVID economy, and the time to deliver an overall community experience to match them is now. The good news is — notwithstanding the inherent challenges most communities face today — we already have the fundamentals in place that are necessary for success: an extremely desirable location, favorable demographics, a strategic governance model, a healthy balance sheet, a strong and growing commitment to enhance community infrastructure and a talented, dedicated team of professionals to carry out the Foundation’s mission. I certainly share your excitement about ongoing community improvements and, specifically, the longawaited reopening of the Foundation’s restaurants and groundbreaking of the new pickleball complex. Naturally, I understand the importance of these amenities and will work closely with the management team, staff and committee volunteers to deliver an outstanding finished product and a member experience that meets or exceeds your expectations. In the meantime, and in the interest of full transparency, I would like to give you some idea as to what (else) you can expect from me during my first year at Pelican Bay. Connect, listen and learn It is my sincere hope to meet and get to know as many of you as possible, as soon as possible. I am a big believer in the notion that we must continually evolve and strive to become a more member-centric organization. As such, just as it’s true for the CEO of a public company, my primary responsibility is to protect and leverage assets and drive value for the stockholder (that’s you!). Clearly, understanding your needs, expectations and preferences is of utmost importance AMessage from the President Stay in the Bay Tony D’Errico continued on page 26 Pelican Bay Member Guide 2024 24 PelicanBay.org
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