Laserfiche WebLink
• <br /> • f _ <br /> fM ,peteelpls departure to this Annexation Agreement <br /> from othod reai ortial *gammons relates to tie -!: .- <br /> golf course. /pieif i.ally, the honometios <br /> requires the huasaeoe too place in escrow t1171. .. <br /> . <br /> scree seeded by the City fogs the golf onus); pleas <br /> in moron or at the time of subdivision all water <br /> rights historically pontoon n to the prop.rtyar <br /> provide amide a Letter of Credit is the amount of $423,0041 <br /> used by the City to offset cry operating <br /> deficits during the City 's initial five years of <br /> operatic** of the golf *ours* (1550 - 1594). The <br /> City mill repay tit* Lotter of Credit whoop it <br /> aoarweaiatea a reserve oncost of $300,400 or epee--; <br /> Aram golf o o* are <br /> over ooit to gvexan .e; •r: <br /> SWAM at Sr0 ( Aid per reeidestiit utt) , <br /> • WS eel 15•4 tfee <br /> • r1.22 terviodi.airgemoisevamet: - • . t- <br /> ter the revenue Model! plume i . . ,. ;+,£' <br /> improvemeato 00 Mfoaowtae0lRMith con+itrectiol , <br /> the golf °three* oast-abaere with the City amy <br /> puschaeo at the iobeeto' property it aeebet.,.role <br /> golf oous.er image the service* of Dick P#�xpii,r C <br /> golf course architect for the project, to complete - <br /> prslimiaaty drawings and estimates for the golf <br /> 401=alee. <br /> he pact of this project the City of Louisville \ - <br /> ooaeaaits for provide *resonetial water and sower <br /> services as well N all other Nrvic.e provided to <br /> all other residents, issue revenue obligation debt <br /> Lae opposed to gsosral obligation debt) to finssoe <br /> oometructior of the golf nausea to complete <br /> Cosstsactiae at the golf *ours* by .stint 1■ 15)01 to <br /> hire • profeeeiaaal meorgeeeat firm to dosage the <br /> golf course during the period WA to 1591 t to <br /> °immolate load euchring•* for ell other ad jaosst <br /> progenies awadmd for the 1$ bole golf covers.. <br /> If *my of the following conditions (recur dad cannot <br /> be overcome to the anatiafactios of the City, the <br /> entire 227 acre parcel will be de-anaaxed from the <br /> City of Louisville* inability of the City to <br /> competitive reoeive bids <br /> er Ci y'so <br /> construct/ within th <br /> budget; inability of <br /> the City to issue revenue obligetioe Weds for the <br /> courses' oonetractioal inability on the part of the <br /> Ammemor to provide all documents required by the <br /> City. <br /> Row Wiiliamsae, City Attorney, stated that there <br /> is a $2.15 silly oosstrvatios oast upset figure in <br /> the ime*xatlos Apra. •if we can't get bide at <br /> 7 <br />