Project Value: $378,440.00City Allocation: $125,300
On December 10, 2010, the Council approved a 25-year extension of the Lease Agreement with Table Mountain Golf Club, Inc. (TMGC) for the management of the Table Mountain Golf Course. During discussions with TMGC regarding the lease extension, both the City and TMGC recognized that the clubhouse and golf course operations would benefit from a Clubhouse Renovation Project. Subsequently, TMGC requested a loan from the City to fund improvements and renovations to the Clubhouse interior and exterior. The City has committed to fund a portion of the work related to ADA upgrades and items that are not Code compliant. On June 27, 2011, the building plans were submitted to the Building Department for plan check. The building plans have been approved and have been issued to the TMGC. The Engineering Division has provided an example of the City’s standard bid documents for consideration of use to receive competitive bids for all of the improvements and renovations.
TMGC has requested a $250,000 RDA loan to be paid back over a 30-year period at an interest rate of 5%. In addition TMGC is receiving funding from the City in the amount of $125,300 to correct all ADA and building code deficiencies.
Project Manager:Don Rust 538-2433Craig Griesbach 538-2428
Council Goal: Economic Development
Fiscal year: 2011/12 2012/13
Expected Completion Date: June 30, 2012