At yesterday's city council workshop meeting assistant city manager George Brown laid out a recommended process and timeline for the sell of the current municipal golf course on west glades road. At tonight's city council meeting the city council will consider this recommended process and timeline, but in comments after the presentation most council members were in agreement with the process and time recommended.
Timeline:
10/21/16 - Best Offer submissions due from interested buyers
11/22/16 - City Council considers offers & selects buyer
- Revised offers may be made up until this meeting vote, so expect some last minute
maneuvering by the several interested buyers
The presentation also provided information on the estimated cost to refurbish the Ocean Breeze course should the city acquire this during the process:
$6 million to rehab & open "as is"
$12 million to reopen as a quality municipal golf course
$20 million to reopen as a world class golf course
At tonight's city council meeting, at the end of the meeting, the city council will direct the city staff toward the process and timeline as recommended by George Brown. This appears to be a fairly good process but in order to protect the city it is suggested that at least 10% of the purchase price should be a non-refundable deposit in order to encourage the buyer to process the county development approvals on a timely basis so this transaction will close upon those approvals being obtained.
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