City Council Minutes 2014 06 03 - Laserfiche WebLink

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City Council Meeting Minutes June 3, 2014 Page 14 of 26 authorize the Mayor and City Manager to negotiate and the Mayor to execute the final contract. Mayor Muckle preferred the entire Council review the final contract. COUNCIL COMMENT Council member Loo commented on the $600,000 fee difference, and stated she would request Western Disposal consider more free bin changes; free bulk pickup and pay for a couple of special events. VOTE: Roll call vote was taken. The motion carried by a vote of 6 -0. DISCUSSION /DIRECTION /ACTION — COAL CREEK GOLF COURSE STRATEGIC PLAN Mayor Muckle requested a staff presentation. Parks and Recreation Director Stevens explained over the past few months staff has be working with Jim Keegan, managing principal, Golf Convergence, Inc., to develop a strategic plan for the golf course. Mr. Keegan would make this evening's presentation. Mr. Keegan has been involved in programs for over 4,000 golf courses all around the world. He is highly regarded in the business of golf. In the 1990's the chances of building a successful golf course was very good, but with the downturn in the economy, it has become more difficult. Today, there are probably 40% more golf courses than are fiscally sustainable for operations and capital expenses. Based on that perspective and the 2013 flood, Coal Creek Golf Course is moving from outsourcing management and maintenance to bringing it in- house. An expert from the outside can provide a different perspective. Council direction is requested from a budgetary perspective and regarding future operations and improvements to the golf course. He introduced Mr. Jim Keegan with Golf Convergence, Inc. Jim Keegan, Golf Convergence, Inc., Managing Principal, 4215 Morningstar Drive, Castle Rock, CO, would review the model business plan for reopening of the Coal Creek Golf Course; the process in which the model was built and the hurdles and significant barriers which may be encountered between now and when the golf course reopens. He explained Parks and Recreation Director Stevens asked him to provide a business model, which upon the City investing $5 Million, would be self- sustaining moving forward. He asked the City Council the following key questions: 1. Does the Golf Course need to be self- sustaining? 2. How much of a priority is establishing a fund for future capital replacement? 3. How much support from the Capital Projects Fund and General Fund must the Golf Course Fund repay? 4. Should the golf course be supported to some extent from the General Fund to recognize the non -golf community benefits it provides?