ABOUT FISHER ISLAND COMMUNITY ASSOCIATION (FICA)

The Fisher Island Covenants are the governing documents for our 216 acre island and all entities and Unit Owners located here. The Fisher Island Community Association, Inc.(FICA) is the Master Association of Fisher Island, its Club and its 22 Condominium and Neighborhood Associations. FICA administers and enforces the Covenants and ensures that the island is incompliance with governmental regulatory authorities; including DERM, EPA, U.S. Coast Guard, City of Miami Beach, Miami-Dade County, State of Florida, and a host of other agencies. For purposes of island governance, the Club and the associations are “Unit Owners”. All owners of condominiums and single family homes, as well as the owners of vacant lots in Valencia Estates, are required to become a FICA Member upon purchase of their property on the island. Each Member must pay quarterly FICA “assessments”, which cover the costs of the Transportation System (ferry and commercial tug boat & barge operations, shuttle buses, docks and landings, and two employee and contractor parking facilities, along with the leasehold at the Port of Miami. 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 204 employees working 3 shifts a day, every day. About 50% of the FICA budget is expended in the Transportation System; 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 Club, we have 21 Condominium Associations and 1 Neighborhood Association. All entities and persons on the island are subject to the Master Association Rules and Regulations. Additionally, the Master Association, and the many other associations, are governed by Florida 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 22 Condominium and Neighborhood Associations on the island, plus the Developer. The Voting Members have a combined 22 votes and the Developer has 47 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 in 14 years, or earlier if he chooses.

FICA takes pride in the level of customer service we provide and always appreciate feedback. The door is always open.