Laserfiche WebLink
Question arose as to the cost of the acquisitions being <br />discussed, and Administrator Chandler advised that on the 29 <br />acres, it is $407,000. For the 40 acres, he felt we would be <br />looking at something potentially more, possibly in the neighbor- <br />hood of $500,000. <br />Commissioner Scurlock further noted that, if the numbers do <br />work, we have established the golf course as an enterprise fund <br />and we have established that the County Commission is not looking <br />to subsidize it with ad valorem taxes. We have never done that, <br />and, in fact, under Commissioner Bird's leadership, the golf <br />course has had a marginal profit. The approach would be similar <br />in the future. Another aspect to be considered is that we <br />originally made a primary pledge of $446,000 from the pari-mutuel <br />funds. We have never used those funds, and our goal all along <br />has been that if we can show a sufficient revenue stream for a <br />long enough period of time, maybe we could refinance that issue <br />and release those funds. This may not be feasible, but we are <br />trying to get all the facts together to determine if we can build <br />another 9 or 18 holes without subsidizing. <br />Administrator Chandler agreed that we have a number of <br />alternatives we are looking at, and what we are trying to do now <br />is keep all of our options open. <br />Commissioner Scurlock commented that later on in our agenda, <br />we have a related item which deals with authorizing Utilities to <br />proceed with acquisition of additional property for a water <br />plant. He felt perhaps we should look at that as a total package <br />along with the item being discussed now as there may be some <br />possibility of a trade that would result in us acquiring the 40 <br />acres that would not be burdened with the restrictions the state <br />placed on the Hobart Park property and then we would not have to <br />acquire an off-site piece of property for the water plant. <br />Commissioner Bird expressed his conviction that we need to <br />acquire the missing 40 acres to square off the park property <br />whether it be for the golf course or some other County purpose, <br />31 <br />i A N rII 6 � S �"' EOOK 1jC FAG%.!A/� <br />