Fort Walton Beach Council minutes — 08-28-1990 Budget Workshop — reading text

lost a tremendous amount of money for years and the Debt Service paid that and that is paid for by the taxpayers. Mr. deVaux stated they keep saying $ 500. 000 but forget the administrative cost and liability cost. We almost had a lawsuit a few years ago when a golf ball hit someone outside the course. After all the other costs. we may make $ 100, 000. Mr. Mikel asked Council to summarize what information they needed. Mr. Wyatt stated he was satisfied with what they had. Mr. Mikel introduced David Smith. Golf Course Manager and turned the meeting over to him.  8- 28- 90 195 Budget Workshop 90/ 91 BUDGET ( CONT.) Mr. Smith presented three proposals for expansion of the Golf Course. Mr. Smith stated Proposal 1 had been presented by Mr. Sisson to Council when he was the manager last year. Proposal 1 would mean shutting down 9 holes for a period of time resulting in a loss of revenue. I Proposal 2 and 3 would not have a shut down of the other courses with no loss of Proposal 2 revenue. would be built in- house with the exception of planting. He would need 3 heavy equipment operators and 2 labors who will be assimilated into the city system of employment by attrition after the expansion is completed. Proposal 3 would be subcontracted except for some surveying. parking lot extension. cart shed extension, bridges and bulkheads which would be done by city employees. Mr. Smith stated he had shown an amortization schedule at the bottom of Proposal 3 which shows how the expansion could be paid for and the schedule could be used for Proposals 1 and 2 also. Mr. Smith then went over the projected income from 36 holes. He stated he had approached the income from a very conservative view. 50, 000 rounds per year on the new course. Mr. Smith stated he would be available for Council to either call or by the course come to answer questions regarding the proposed expansion. The Mayor stated he did not want to cut anyone off but they had another meeting at 7 : 00 and expressed appreciation to Mr. Mikel and Mr. Smith and invited everyone who had questions to call Mr. Smith or go by the course during the week. ADJOURNMENT There being no further business the meeting adjourned at 6: 45 p. m. ff~ // UO / APPROVED, - MAYOR: W .~. ~ C ATTilc Cf: f)t' t/' I CITY i) CLERK f; ll'~