Golf Course Committee

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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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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
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REVENUES vs. EXPENDITURES
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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
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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.
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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
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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
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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 .
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MANAGING RISK
Failing Infrastructure Weather
Conditions Competition Funding future needs
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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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