HomeMy WebLinkAbout2003-12-09; City Council; Resolution 2003-324RESOLUTION NO. 2003-324
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CARLSBAD, CALIFORNIA, PROVIDING DIRECTION
FOR THE PROPOSED CARLSBAD CITY GOLF COURSE
PROJECT AND POTENTIAL FINANCING OPTIONS
WHEREAS, the Carlsbad City voters approved “Proposition G” in June of
1989 intended to partially finance the development of a wide range of recreation
facilities within the City, including a championship length public golf course; and
WHEREAS, the City Council of the City of Carlsbad, California has
previously assembled by various means sufficient real property to develop a City-
owned, public, daily-fee municipal golf course of championship length, hereafter
referred to as the “Project”; and
WHEREAS, the Project has undergone several revisions culminating in a
final layout that was formally approved by the California Coastal Commission on August
8,2003; and
WHEREAS, the City Council does hereby find it necessary, desirable, and
in the public interest to proceed with the development and financing of the Project.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Carlsbad, California, as follows:
I. That the above recitations are true and correct.
2. That the City Council does hereby authorize proceeding with
development of the Carlsbad City Golf Course Project (“Project”) in which the City
builds the Project and utilizes a private operator to maintain and manage the Project on
behalf of the City.
3. That the City Council does hereby defer to the future the construction
of a permanent clubhouse facility for the Project.
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4. That the City Council does hereby direct staff to explore opportunities,
including financial partnerships with private interests, individuals, groups, or companies
toward the development and financing of the Project.
5. That the City Council does hereby authorize staff to identify
consultants necessary to accomplish the issuance of tax exempt debt for the Golf
Course Project.
6. That the City Council does hereby authorize a loan from the City’s
General Fund for the construction of the City’s Golf Course Project in an amount to be
determined by staff necessary to fill the financing gap which is presently estimated at
$15 million.
7. That the Golf Course is intended to be financially self supportive, and
that with the exception of a possible pledge of General Fund revenue as a credit
enhancement for a future bond issue, the business plan for the Golf Course should
show no General Fund money will be dedicated to funding operating and maintenance
costs of the Project.
8. That the City Council does hereby acknowledge and accept the
“General and Special Conditions” set forth by the California Coastal Commission’s
August 8, 2003 approval of Coastal Development Permit Application Number A-6-C11-
00-087 for the Project.
9. That the City Council does hereby direct staff to identify consultants
necessary to undertake the redesign and related pre-construction activities for the
proposed Project and to study and report on the ways and means to fund the proposed
Golf Course Clubhouse including restructuring of the proposed greens fees with an eye
toward exploring development opportunities including financial partnerships with private
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interests, individuals, groups or companies so that the proposed Golf Course
Clubhouse can be developed simultaneously with construction of the Golf Course and
with all necessary and appropriate controls.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City
Council of the City of Carlsbad held on the 9th day of December I
2003 by the following vote, to wit:
AYES: Council Members Lewis, Finnila, Kulchin, Hall and Packard
NOES: None
(SEAL)
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