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BOOK 66 DGr.50 7 <br />TO: The Honorable Members of DATE: November 20, 1986 FILE: <br />the Board of County Commissioners <br />SUBJECT: <br />THRU: Charles P. Balczun <br />County Administrator <br />FROM ; L- S- "Tommy" Thom IJRO <br />EFERENCE • <br />Intergovernmental S• <br />Coordinator <br />I understand you have received Joe Baird's financial report on the <br />golf course. As you may know, we have had several meetings since <br />Joe furnished this information and we still feel there will be a <br />shortfall of $175,000 to $200,000 if we complete all items that should <br />be a part of the new golf course. It has also been determined by <br />everyone who has been involved that the 10,000 feet of golf cart path <br />must be completed before the golf course can open. Also, two bridges <br />must be constructed across Lateral "G" canal. <br />It is my recommendation that the golf clubhouse not be built at this <br />time so that the cart paths and bridges can be completed. It is our <br />best estimate that this will still leave approximately $75,000 to <br />complete all of the other items that may be necessary as well as funds <br />for the temporary clubhouse. <br />From a purely financial point of view, the Board may want to consider <br />an interfund transfer in the amount of $200,000 to fully complete <br />this project. <br />I have checked with Ed Fry, County Auditor, and he says this can be <br />done. I have also confirmed this with Arthur Young Associates, our <br />outside auditors. <br />OMB Director Joe Baird presented the following cost <br />analysis: <br />44 <br />