City Council Minutes 2014 06 03 - Laserfiche WebLink

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City Council Meeting Minutes June 3, 2014 Page 16 of 26 Council member Stolzmann noted the Council packet did not contain any information about Indian Peaks Golf Course. Mr. Keegan explained the Colorado Golf Association conducts a private poll of all the public golf courses in terms of the rounds and revenues and shares the information at a Public Golf Course Meeting, but just amongst the public golf courses. Based on Golf Convergence's connections with the Colorado Golf Association, they gave this information to apply to the revenue model and it was shared with Parks and Recreation Director Stevens, but the information is not public. Mr. Keegan addressed role of the Golf Course Advisory Board. Council member Stolzmann recommended the role of the Golf Course Advisory Board be discussed by the City Council at a later time and not in conjunction with the golf course business model. Mayor Muckle agreed and stated Council would not discuss the role of the Golf Course Advisory Board at this time. Mr. Keegan stated he was retained to determine whether the Coal Creek Golf Course can be economically self- sustaining. Based on a $50 Green Fees and no season passes or loyalty cards, and if the Capital Funds are to be expected to be replaced and a reserve be created, the answer would be no. The City would be down approximately $200,000 per year. COUNCIL QUESTIONS Mayor Muckle asked if it reasonable to set aside a smaller reserve in the earlier years when the Water Utility Debt is paid and then set aside more in later years. Mr. Keegan stated the payment would have to be larger $250,000 to $300,000. The cost of renovating a golf course today is $8 million dollars, using the golf course builders' model, which includes everything starting from scratch. Mayor Pro Tem Dalton requested the average price per round that the Coal Creek Golf Course could charge and produce the effective number of rounds per year, enjoyed over the last few years. Parks and Recreation Director Stevens stated the average is about 34,000 rounds. Mayor Pro Tem Dalton asked how much per round can be charged and not lose rounds of golf. Parks and Recreation Director Stevens reported staff has discussed dynamic pricing with the Golf Course Advisory Board. There is no problem filling the golf course on holidays, Friday afternoons, Saturdays and Sundays, which affects the price. Mayor Pro Tem Dalton stated airline companies are the experts in dynamic pricing. They know how much they have to get per seat. He asked how much could be charged for a round of golf.