ABOUT FISHER ISLAND COMMUNITY ASSOCIATION (F.I.C.A.)

The Fisher Island Community Association, Inc.(FICA) is the “Master Association” of Fisher Island. The Fisher Island Club is a Member of FICA, as are Fisher Island Holdings, LLC (the “Developer”) and the Fisher Island Day School. All owners of condominiums and single family, as well as the owners of vacant lots in Valencia Estates, are required to become a Member upon purchase of their property on the island. Each Member must pay quarterly FICA “assessments”, which cover the costs of the Transportation Department (ferry and commercial barge operations, employee shuttle buses, island escorts), the Horticulture and Landscaping Department (island horticulture and landscaping, street lights, ponds, roads, fountains, beaches) and the Public Safety Department (island public safety, security and emergency preparedness). These departments and the administrative staff have 230 full time employees, of which 190 employees are in departments working 3 shifts a day, every day. About 50% of the FICA budget is expended in the Transportation Department; ensuring a high level of ferry and commercial barge services.

The role of the Master Association is to ensure that the many “entities” on the island are coordinated under one governance apparatus, in order to avoid the kind of chaos that could occur otherwise. On Fisher Island, in addition to the Developer, the Club and the School, we have 20 Condominium Associations and 1 Neighborhood Association. The Master Association documents supersede all other documents in case of conflict, and the actions of the FICA Board of Directors govern all entities on Fisher Island on a macro level. Additionally, the Master Association and the many other associations are governed by Florida Law, in Statutes 718 and 720. In this environment, a high level of teamwork and cooperation is required between FICA and the Club, the Developer, and all the associations.

The FICA Board of Directors consists of four individuals appointed by the Developer, including the President and Chief Executive Officer of FICA, and three resident Members elected by the Voting Members. The “Voting Members” consist of one individual elected by each of the 21 Condominium and Neighborhood Associations on the island, plus the Developer. The Voting Members have a combined 21 votes and the Developer has 43 votes. When the Developer completes construction and “exits” the island, all Developer appointed Board Directors must resign and be replaced by residents, and the Developer will no longer have any role. The Developer’s Exit will occur when he builds out the final 183 residences on the island, or earlier if he chooses.

FICA is here to serve its Members, Equity Members and their guests. We take pride in the level of customer service we provide and always appreciate feedback; positive or negative. The door is always open at 1 Fisher Island Drive, Marina Village II, First Floor, the FICA office.