11/27/1985 - Laserfiche WebLink

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r NOV 2 11985 BOOK 62 FAGE 8 point, when the percentage rates seem favorable, go to a 25 -year permanent bond issue. Commissioner Wodtke asked if they would be tax exempt issues providing that will still be allowed in the future, and Mr. Diamond confirmed they would be tax exempt. Considerable discussion ensued regarding the number of rounds of play anticipated in these figures, and Commissioner Scurlock reported that he checked with the Sebastian course and they have had 51,000 rounds played this past year. He wanted to make sure that it is understood that we are not doing anything detrimental to the Sebastian course, which is also a public course and part of the county. Commissioner Bird pointed out that golfers don't mind driving 50, 75 or 100 miles to play a good course, and he felt that is exactly what we are going to have here. �- - Commissioner Ly -ons j us_t wanted to be sure that we have ample revenue and asked what assumptions were used in the cost of a round of golf because the last time he played golf was 1935. OMB Director Joe Baird believed we are trying to give some latitude in setting the rates, but Chairman Lyons felt we should charge a sufficient rate so that we will be assured of having enough monies so that we don't have an negative impact. He suggested finding out just how much is too much for the market here and then charge a little bit less than that. Commissioner Wodtke felt we should look at the entire picture and consider what funds will be generated by the total facility. Director Baird stressed that these are just feasibility figures, but after the actual cost of construction is known, we could consider raising the fees. Commissioner Scurlock agreed that today is not the time to raise the fee structure and that it would be better to wait until certain variables are known such as construction costs and interest rates. 42