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® � r <br />Gerald Ashcraft read the following letter of recommen- <br />dation and presented a check in the amount of $4850, which <br />will fully cover the cost of the study. <br />RECOMMENDATION <br />On the basis of this Committee's research and the conclusions <br />reached from the information available and summarized <br />subsequently herein, we wish to unanimously recommend that the <br />County Commission enter into a contract with the National Golf <br />Foundation for the first phase of a professionally prepared <br />Feasibility Study to determine the need for, and potential of, an <br />Indian River County public golf course, and to establish <br />reasonable income projections which could be expected from such a <br />facility. <br />We recommend this Study for the following reasons: <br />1. Our Committee has prepared estimates (within) of <br />project expense items, but does not feel qualified to <br />evaluate the need or income potential of a golf course <br />as contemplated. <br />2. We have found it likely that an objective, <br />professionally prepared study of market and income <br />feasibility will be required by any financial <br />organization before considering the advancement of <br />capital financing. <br />3. We believe the National Golf Foundation is ideally. <br />suited to undertake this study. They are nationally <br />known, highly regarded, conveniently located, and <br />heavily experienced. Their objective is unquestioned <br />and their attitude most cooperative. They are also <br />extremely reasonable. <br />4. So that the County Commission will not have to expend <br />any substantial sum for this study, our Committee has <br />undertaken a modest fund-raising campaign, and local <br />firms and individuals have contributed $ SY(pir to <br />date. We are happy to attach herewith our check in <br />this amount, which we believe will substantially meet <br />the costs of the study which we recommend. <br />��{��� <br />GOLF COURSE FEASIBILITY STUDY COMMITTEE <br />Richard N. Bird, Chairman <br />Harold Djorup Clyde "Bud" Morrison <br />Gerald Ashcraft Charles Block <br />Ruth Mead Victor Lunka <br />Richard Schuler Remsen Walker <br />Ron Fanaro <br />JUL 111984 <br />BOOK 5 7 FAGS 666 <br />