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DISCUSSION ON SANDRIDGE GOLF CLUB <br />The Board reviewed the following memos dated 11/20/86: <br />TO: The Honorable Members of ®ATE: November 14, 1986 FILE: <br />the Board of County Commissioners <br />SUBJECT: FINANCIAL STATUS - <br />SANDRIDGE GOLF COURSE <br />19 <br />REFERENCES: FROM: Charles P. Balczun REFERENCES: NOV '„86 <br />County Administrator as <br />Attached you will find a Financial Status Report for the <br />Sandridge Golf Course construction project. <br />That report is organized as follows: <br />SCHEDULE A Golf course construction costs if contract IS <br />awarded to build a clubhouse. <br />SCHEDULE B Golf course construction costs if contract IS <br />NOT awarded to build a clubhouse. <br />SCHEDULE C C-1 through C-7 set forth data in support -of <br />Schedules A and B. <br />Please note that if we proceed with clubhouse construction, <br />we anticipate an unfavorable project budget variance of $176,495. <br />In the event we do not proceed with that construction, we antici- <br />pate a favorable variance of some $77,276. <br />The data set forth in the attached schedules reflects actual <br />costs incurred or outstanding encumbrances as well as our best <br />estimates for certain items which have yet to be bid and/or ac- <br />quired. We estimate a maximum aggregate variance of some $15,000 <br />in this regard. - <br />Staff recommends that the County not proceed with construction <br />of the clubhouse at this time unless of course you elect to trans- <br />fer or appropriate between $176,000 and $191,000 to underwrite <br />costs incidental to that construction. <br />We are currently inquiring into the availability and cost(s) <br />of temporary substitute structures and will report that infor- <br />mation to you upon receipt. <br />Please call me if you have any questions. <br />43 BOOK }'; 6 <br />NOV 2 5 1986 <br />