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The study, as prepared by the Foundation, would include the follow- <br />ing information: <br />1) Population - A study of the existing and projected resident <br />and visitor populations as they relate to the total number <br />of potential users of the proposed facility. <br />2) Population Characteristics - A study of the resident and <br />visitor population's general demographics as they relate <br />to their propensity to participate in golf. <br />3) Economic Characteristics - A study of the local economic <br />conditions as they relate to the probability of local <br />patronage of the proposed facility. <br />4) Climatic Characteristics - A study of weather trends in <br />the Vero Beach area and their effect on seasonal popula- <br />tion levels and the total number of rounds that might be <br />generated at the proposed facility. <br />5) Competitive Facilities - A study of existing golf facilities <br />in the market area and their probable influence on the market <br />share potential and fee structures of the proposed facility. <br />6) Revenue Projections - Projections of potential revenues, <br />based on a Foundation recommended fee structure, for the <br />proposed facility. <br />7) Conclusions and Recommendations - Suggestions concerning the <br />type of golf course that would best serve the projected golf <br />market. Suggestions concerning the overall scope of the <br />facilities. Recommendations concerning the overall finan- <br />cial feasibility of the projected based on the existing and <br />projected potential of the area's available golf market. <br />Under normal circumstances, the Foundation would spend three or four <br />days in the area gathering information for the study, and delivery <br />of the completed study would follow site work within 90 days. As <br />I mentioned during our conversation, the first available dates to <br />conduct the initial site work would be in September. The cost for <br />the preparation of the study, as outlined above, would be $4,500, <br />plus actual expenses, which would not exceed $350. <br />I thoroughly enjoyed having the opportunity to discuss the project <br />with you, and will look forward to hearing from you. <br />ere Y', <br />Bob Slauson <br />Director of Special Projects <br />200 CASTLEWOOD DRIVE, NORTH PALM BEACH FLORIDA 33408 (305) 844-2500 <br />APPOINTMENTS TO ECONOMIC DEVELOPMENT COMMITTEE <br />The Board reviewed the following list of individuals <br />selected to serve on the Economic Development Committee: <br />.o <br />JUL 111984 BOOK 57 FADE 668 <br />