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Golf Course Committee

Golf Course Committee. Robert Pickett Mayor Keith L. Volz Bob Wilson Don Douglass Council Member Brock Thomas Shanna Chastain Tom Tervo Kathryn Billings, Town Manager Mark Pond Hugh Cates Richard Mandell , ASLA, RLA Sheree Crane Davis Hoke Larry Lain.

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Golf Course Committee

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  1. Golf Course Committee Robert Pickett Mayor Keith L. Volz Bob Wilson Don Douglass Council Member Brock Thomas Shanna Chastain Tom Tervo Kathryn Billings, Town Manager Mark Pond Hugh Cates Richard Mandell, ASLA, RLA Sheree Crane Davis Hoke Larry Lain

  2. FAILING INFRASTRUCTURE In the last several years expenditures on failing infrastructure has climbed to a point that during this fiscal year we have spent over a quarter of a million dollars in repairs and replacement. Electrical System Storm Drain Irrigation components

  3. REVENUES vs. EXPENDITURES

  4. NEED FOR RENOVATION The need for renovation is well documented. Survey Results Golf Course Committee Recommendations Staff Reports Consultant Report Age of Course and the repair bills from the infrastructure

  5. RECOMMENDED APPROACH The recommended approach is Alternate B (with some reductions) with the goal of an estimated cost of $3.5 million. The current favorable bid environment we may expect a considerable decrease in bid prices.

  6. DEBT ESTIMATES Conservative interest rate estimates of 5% on 20 year debt service Annual debt payment of $281,000 Estimated annual debt payment equates to .07 cents in tax dollars .07 tax rate on a $100,000 home is $70 .07 tax rate on a $350,000 home is $245

  7. VARIABLES Variables that will influence the need to use tax dollars to repay the debt Revenue Increases Increase in play at the course – Conservative 7% increase Increase in fees at the course – Conservative $3 increase Conservative estimate of $185,000 annual increase Expense Decreases Eliminate Infrastructure “surprise” expenses Decrease Maintenance expenses by 20-25% Conservative estimate of $xx,xxx annual savings Net increase in revenues and savings in maintenance could cover the debt service

  8. Cost for Construction Years 2010/2011 and 2011/2012 Tax dollars and some reserves are required to balance the budgets for the construction years. Both years will have reduced revenues and some reductions in expenditures Estimated short fall in 2010/2011 …. $ Estimated short fall in 2011/2012 …. $

  9. MANAGING RISK Failing Infrastructure Weather Conditions Competition Funding future needs

  10. Council requirements to proceed with proposed renovation Instruct manager to sign contract with Richard Mandell to begin Construction Documents by April 1, 2010. Amend current budget ($90,000) to commit funds for this contract Instruct staff to build the 2010/2011 budget to proceed with renovation plans Review bids in late summer and select a contractor

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