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HomeMy WebLinkAbout1989-03-07; City Council; 9903; GOLF COURSE SITE STUDY REVIEWx(* . . ? , .I *I .- alh sa ua d a -4 drd cd$ alh m ha, o a wa d? 00 hoh E ala a -4 NKJ ccd 0 ma d .4 .h ual cdm dh 33 hoo alo h w cdrl UbD 0 wa 0 d -4 N ha a? cd3 ho 4. $g am o a -4 u ala cdh-lo] uoFl 0 al rl .d 3rlu cdcdrd d 5s ;*g $40 woo a,w a uh Ud d a, aw ow aha mcdu 4 am -4 h a, ous cco 3s uu 0 ow 0 Q\ co \ .. b \ m 2 0 F= 0 4: 2 0 z 3 0 0 CIS OF CARLSBAD - AGENPa) BILL 8" & AB# 9903 TITLE DEPT. k MTG. 3-7-89 CITY A1 DEPT. PER CI'PY Mc RECOMMENDED ACTION: GOLF COURSE SITE STUDY REVIEW If Council concurs, approve staffs' and the Parks and Recreation Commission's recommendation to construct a regulation size golf course on the Lake Calavera parcel and consider the County parcel for a small or executive size golf course. It is further recommended that staff prepare a feasibility study for design, construction and operation of a regular size golf course and that a golf course consultant be hired to assist staff in evaluating the best strategies in a golf course development program. ITEM EXPLANATION: Staff will present their evaluation and findings of three (3) different locations that may be considered for a golf and tennis facility : 1. Macario Canyon Park - Attachment (A) 2. County/Carlsbad Oaks Property - Attachment (B) 3. Lake Calavera - Attachment (C) The Macario Canyon golf course feasibility study was completed by Economics Research Associates (ERA) in February, 1987. Three (3) championship eighteen (18) hole golf course routing alternatives were prepared with the Commission and Council selecting Alternative I11 as the preferred alternative. The City Council directed staff to consider the findings of the golf course feasibility study during the Macario Canyon Master Plan Revision process. The Countv/Carlsbad Oaks or McClellan-Palomar Golf Course Feasibility Study was completed by P & D Technologies in November, 1988. Two (2) championship 18 hole alternatives and one (1) 18 hole executive course design was submitted for consideration. The Lake Calavera preliminary golf course design was conducted by David Rainville, Golf Course Architect in January of 1989. One (1) 18 hole championship golf course layout was prepared for consideration. I 1 , 0 0 m. P Page 2 AB # q903 COMMENTS After a thorough evaluation of the three (3) proposed golf course sites, staffs' observation is as follows: Although additional studies are required, the large or regular size golf course is best suited for the Lake Calavera parcel. The subject area has the potential for a challenging but flowing layout and has fewer environmental issues to deal with. Another advantage of the Lake property is that there are no recreational or community park acreage displacement problems as there would be at the Macario parcel. Staff also believes, after evaluating all the sites, that if the City is interested in pursing the small or executive size golf course, the 250 & acre county property may be ideal for such a venture. ALTERNATIVE If the Council is uncomfortable with staffs' evaluation and the Parks and Recreation Commission's recommendation, then it is suggested that the following alternatives be considered: 1. Select a committee to review the various site studies and recommend to City Council a preferred location for the golf courses. 2. Have staff compile further information and research on the subject sites to provide additional data in order for the City Council to determine the best location for the golf courses. PARKS AND RECREATION COMMISSION ACTION: At their January 19, 1989 meeting the Parks and Recreation Commission unanimously accepted staffs' report on the Golf Course Site Study Review. The Commission further stated that the City should concentrate their efforts in developing the Macario Canyon Park as outlined in the proposed (Plan A), without a golf course. Their feelings were that Plan A would not effect or displace planned recreational amenities and community park land, as would Plan B, which incorporates a golf course layout within the Master Plan. The Commission recommended that the Lake Calavera site be selected for the large golf course and that the executive golf course be located on the county property adjacent to the Safety Center. < , 0 e Page 3 AB# 9903 RECOMMENDATION: Staff recommends that the City Council consider the Lake Calavera parcel for the regulation size golf course and the county property for the small or executive size golf course. It is further recommended that staff be directed to prepare for Council approval, a feasibility study to design, construct and operate a regulation golf course, and that staff be directed to hire a consultant with golf course development expertise to assist in evaluating the best method, most cost effective and efficient strategies in a golf course development plan. FISCAL IMPACT: Development and operation costs will be discussed during the staff presentation. Cost for further studies and a golf course consultant will be determined at a later date. EXHIBITS : I. Golf Course/Macario Acreage Comparison 11. Comparison of Recreational Uses 111. E.R.A. Alternate (3) Routing Plan IV. City Wide Community/Golf Course Macario Canyon Park (Plan 3) V. County/Carlsbad Oaks Constraints Map VI. County/Carlsbad Oaks Alt. 1, Plan A Golf Course Regular VII. County/Carlsbad Oaks Alt. 1, Plan B Golf Course Regular VIII. County/Carlsbad Oaks Alt. 2, Golf Course Executive IX. Lake Calavea Golf Course Layout 5 I i , 0 0 GOLF COURSE SITE STUDY PREPARED BY PARKS AND RECREATION STAFF MARCH 7, 1989 t, 0 0 .. TABLE OF CONTENTS PAGE 1. MACARIO - (ATTACHMENT A) 1 2. COUNTYKARLSBAD OAKS PROPERTY 10 (ATTACHMENT B) 3. LAKE CALAVERA - (ATTACHMENT C) 18 4. MAPS: MACARIO - EXHIBIT (IV) 9 COUNTY/CARLSBAD OAKS - EXHIBIT (VI 14 EXHIBIT (VI) 15 EXHIBIT (VI11 16 EXHIBIT (VI111 17 LAKE CALAVERA - EXHIBIT (1x1 21 e a "'- .* OCt ANLlnt VI8TA LAKE CALAVERA MACARIO CANYO COUNTY SITE PACIFIC QCEAN AVENIDA ENC . . 1:. i. BATlQUlTOS UGOON no scale GOLF COURSE STUDY SITES * e 0 *- v 1. MACARIO CANYON PARK SITE / GOLF COURSE PROPOSAL GENERAL INFORMATION Location: South and east of the inner Agua Hedionda Lagoon between I- 5 and El Camino Real. The objectives of the Economics Research Association (ERA) study were to determine the golf demand in the Carlsbad area, could a golf course be constructed within the study areas and to explore privitization concepts. The study area included Macario Canyon Park - one hundred twenty five (125) acres, Hub Park - ninety two (92) acres (leased from SDG&E/and two parcels of SDG&E - land totaling seventy two (72) acres all zoned OS. Three (3) course routes were proposed between 6,400 - 6,600 yards par 72 regulation size. In February 1987 The Parks and Recreation Commission and the City Council selected alternative three (111), the 6,500 yard par 72 layout located mostly in the Macario Canyon Park property, as the preferred course 1 ayout. MAJOR FINDINGS OF THE ERA STUDY 1. There is a demand for a municipal or higher quality golf course in the Carlsbad market area. 2. Of the three (3) golf course route plans, alternative I11 is preferred because of design, less environmental issues and it has development and operational cost advantages over the other a1 ternat i ves . 3. There are environmental concerns in alternative I11 that will require successful negotiations with environmental agencies. 1 ATTACHMENT q .! I) 0 < 4. Development of a resort quality golf course with a hotel complex was recommended. 5. Alternative I11 would displace other planned recreational amenities proposed within the Canyon area as depicted in the approved 1981 Macario Master Plan. Development of a hotel complex would further displace planned uses in the Macario Master Plan. 6. 7. Staffs’ revised 1987 cost estimates for golf course construction are, 5.9 - 8.4 million. The estimates do not reflect roads, sewer, utilities, etc. STAFF ANALYSIS OF THE REVISED MACARIO MASTER PLAN WITH A GOLF COURSE (PLAN B) [Exhibit (AI1 1. In Plan B, the golf course complex becomes the primary recreation land use. 2. All of the proposed recreation amenities, including the golf course are designed to be environmentally sensitive. The design concepts respect the existing landforms and will require minimal gradi ng . 3. The proposed recreation amenities leave intact or enhance sensitive areas such as wet lands, riparian areas, and slopes over 25%. 4. The proposed plan will require further environmental analysis prior to any development approval s. 2 -. * e 0 .I .) 5. Recreational uses that will be displaced from the Revised Macario Canyon Park (Plan A,) to incorporate the golf course are: a. Sports fields in the Canyon Floor (Central Section) 1. *Two (2) Small Softball Fields 2. *Two (2) Adult Softball Fields 3. *Three (3) Soccer/Football Fields b. Amphitheater (Eastern Section) c. d. Camping (Southeast Section) e. Botanical Garden (Southwest Section) Cultural Arts Center (Eastern Section) 6. Sports facilities that will be retained are: a. *One (1) soccer/football fields (HUB area) b. The other proposed recreation amenities not eliminated by the golf course are compatible with the golf course. The golf course as outlined in the ERA report will be a compact and tight layout (approximately 122 acres). "8-12 tennis court complex (Northeast Section) 7. 8. 9. Additional land required for the alternative I11 layout, in the SDG&E "HUB" area, will necessitate a lease swap on an acre per acre basis. The Golf Course Plan B will reduce the long range maintenance and operation cost of Macario Canyon Park as the golf course will be subsidized by fees which will make it a self-sustaining activity. 10. * Approximate number based on the prel iminary layout. 3 --. 7 e e 1 COMMENTS : If the approximate 117 acre golf course plan is incorporated within the 288+ acre Macario Canyon Community Park, it will leave a net 58 k usable acres that can be used to meet community park purposes. The net environmentally constrained 1 and that wi 11 not be devel oped total s 113 .c acres. The Parks and Recreation Element as well as the Growth Management Plan have identified that out of the total 288 acre Macario Canyon Park that 100 acres, 25 acres for each quadrant, would be used to meet the City’s overall Community Park standard of 3 acres/l ,000 popul at ion. A policy decision will be required to determine if a part of the golf course acreage should be used to meet the Community Park Standard. It should be noted that none of the HUB park acreage is used to meet our community or special use standard. The HUB park is classified as a speci a1 resource area. 4 * f 0 0 MACARIO PAR 72 - 6,500 YARDS (APPROVED ALT) ADVANTAGES DISADVANTAGES 1. APPROXIMATE CENTER OF CITY 1. NO CURRENT ACCESS 2. ESTABLISHED A DEMAND 2. REQUIRES FURTHER EIR ANA 3. CITY OWNED 3. POSSIBLE ENVIRONMENTAL cor 4. CITY CONTROLLED 4. COURSE LAYOUT, COMPACT/l 5. CLOSE TO FREEWAY SYSTEMS 5. DISPLACES OTHER RECREATIl 6, NO GROUND LEASE PAYMENTS 6. NO ROOM FOR SPORT FACILI 7. LOWER GREEN FEES DUE TO NO 7. REQUIRES LAND TRADE (ACR 8. SITE ALLOWS FOR A HOTEL DEVELOPMENT 8. MAY EFFECT CURRENT COMMUN LAND LEASE PAYMENTS ACRE) WITH SDG&E STANDARD 9. HIGHER PROFIT POSSIBILITIES 9. POOR LOCATION OF DRIVING 10. REDUCES OVERALL M/O IMPACT OF 10. EFFECT THE ORIGINAL INTE MACARIO CANYON PARK THE MACARIO CITY WIDE CI PARK 11. ROOM FOR TENNIS COMPLEX 12. COMPATIBLE WITH OTHER RECREATION USES AS INDICATED IN THE MASTER PLAN 13. REDUCES LONG RANGE DEVELOPMENT COST OF MACARIO CANYON PARK 14. RECLAIMED WATER SYSTEM POSSIBLE 15. LESS WIND FACTOR 5 i a e _- ' ,I CITY WIDE COMMUNITY PARK/GOLF COURSE ACREAGE FIGURES NON-CONSTRAINED CONSTRAINED TOTAL TOTAL T USED FOR AREA USED GOLF COURSE CONSTRAINED CO! STUDY TOTAL GOLF COURSE FOR GOLF COURSE AREA NON GOLF AREA pA MACARIO 288 86 31 (117) 113 HUB "87 0 0 (0) *50 SUB TOTAL 375 86 31 (117) 163 SDG&E **28 0 5 (5) 23 GRAND TOTAL 403 86 36 (122) 186 * 5 ACRES USED IN SDG&E AREA SUBTRACTED FROM HUB. ** NO COMMUNITY PARK USES PROPOSED IN THIS AREA 6 EXHIBIT I 2.1 < e e COMPARISON OF RECREATIONAL USES CITY WIDE COMMUNITY PARK vs. CITY WIDE COMMUNITY PARK/GOLF COURSE PLAN A PLAN B CITY WIDE COMMUNITY PARK CITY WIDE COMMUNITY PARK GOLF COURSE GOLF COURSE CONFERENCE CENTER CONFERENCE CENTER PICNICKING PICNICKING TENNIS TENNIS INTERPRETIVE CENTER INTERPRETIVE CENTER NATURE STUDY BOARDWALK NATURE STUDY BOARDWALK BOATING FACILITY BOATING FACILITY BEACHES LAGOON ACCESS BEACHES LAGOON ACCESS VIEWPOINTS VIEWPOINTS TU1 LS TRAILS RIPARIAN PRESERVE CORRIDOR RIPARIAN PRESERVE CORRIDOR PARK SERVICE YARD PARK SERVICE YARD WETLAND PRESERVE (LOCATED OFF-SITE) WETLAND PRESERVE (LOCATED OFF-SITE) 1 - SOCCER FIELD (IN HUB AREA) *AM PH I TH EATER *CULTURAL ARTS CENTER *CAMPING *BOTANICAL GARDENS "2 - SMALL YOUTH SOFTBALL FIELDS "2 - ADULT SOFTBALL FIELDS "3 - SOCCER / FOOTBALL FIELDS *DISPLACED BY GOLF COURSE IN PLAN B 7 EXHIBIT I , l * e .- ' .~ + _. . ii L < I , 8 EXHIBIT 111 D P - b - . >- 0 e 2. COUNTYKARLSBAD OAKS PROPERTY GENERAL INFORMATION Location: Central Carlsbad, east of El Camino Real, north of Palomar Airport Road. The study objectives were to determine if a regulation/championship or an executive golf course; a tennis complex and if and if there was sufficient area for in development within the study area. The study area comprises of two hundred five (205) acres of County property, zoned 0: hundred sixty five (165) acres of Carlsbad Oaks property, zoned PC. Three (3) go1 f course a1 ternatives were proposed: Alternative 1 - Plan A - Par 72 - 6,700 yards regulation size. Alternative 1 - Plan B - Par 72 - 6,630 yards regulation size. Alternative 2 - Par 62 - 4,115 yards executive size. MAJOR STUDY FINDINGS Based on P & D Technologies’ assessment of opportunities and constraints the folli submitted for consideration. 1. Only an 18 hole executive length golf course can be developed solely in th property in conjunction with any proposed County industrial development. alternative presented. There is adequate land within the County and the Carlsbad Oaks property to buil an 18 hole regulation or an executive golf course and provide opportunit industrial or other suitable development. 2. Two (2) alternatives presented. 10 ATTACHMENT B , 0 0 .- c 3. There is no room for a tennis complex if either type of golf course is constrL 4. It is suggested that any industrial development should be directed toward qual i ty R & D office use type. In addition to any golf and industrial development there are significant potent associated with major off-site improvements, i .e., sewer collection system and r There are sensitive biological areas in the county and the Carlsbad Oaks study ar should be studied further. The subject study area would require land acquisition and/or lease and possib payments if the City was to build a golf or tennis complex. 5. 6. 7. 8. To be economically feasible, agreements must be made regarding grading issuc acquisition, land uses and intensities, allocation of cost, and various infras improvements. Industrial and go1 f course grading should planned and constructed simultaneous Use of reclaimed water requires further analysis. FAA has not made an official ruling to date on the acceptability of a golf cour the flight pattern. Golf Course cost estimates excluding offsite and other required infrastructure h anticipated to be between 7.4 to 8.8 million dollars. 9. 10. 11. 12. 11 ”. 0 0 -. .. . 13. LAND USE SUMMARY (ACREAGE). Go1 f County Pri vat Total Course * I.D. * I.D. Alternate 1 - Plan A 372 136 48 Net 5 Alternate 1 - Plan B 370 132 46 25 Alternate 2 - (Executive) 205 87 29 Net NJA * I.D. = Industrial Development 12 0 * . COUNTY/ CARLSBAD OAKS PAR 72 - 6,630 YARDS PAR 62 - 4,115 YARDS (PREFERRED ALT) ADVANTAGES DISADVANTAGES 1. CENTRALLY LOCATED 1. NOT CITY PROPERTY 2. CLOSE TO MAJOR ARTERIALS 2. NO ROOM FOR TENNIS COMPI 3. COUNTY PROPERTY HAS THE PHYSICAL 3. REQUIRES FURTHER ENVIROr OPPORTUNITIES TO LOCATE AN EXECUTIVE GOLF COURSE REVIEW 4. RECLAIMED WATER POSSIBLE 4. REQUIRES SOME DEVELOPME! FARADAY 5. BALANCE CUT AND FILL IF JOINT 5. REQUIRES REALIGNMENT OF DEVELOPMENT 6. COUNTY INDUSTRIAL DEVELOPMENT 6. REQUIRES THREE (3) PART! 7. MAY INCREASE INDUSTRIAL 7. REQUIRES JOINT GRADING \ POSSIBILITY LEASE/ACQUISITION DEVELOPMENT VALUE COUNTY 8. WOULD NOT EFFECT COMMUNITY PARK 8. POSSIBLE FAA LIMITATION! STANDARDS 9. REQUIRES LAND LEASE PAY! 10. HIGHER GREEN FEES 11. REDUCES PROFIT MARGIN 12. REQUIRES ACCESS, ROADWA' 13. REQUIRES WATER AND SEWER Cl SYSTEM 14. COURSE LAYOUT RELATIVE - COMPACT 15. MODERATE WIND FACTOR 16. CLUBHOUSE ON PRIVATE PRO LONGER COURSE 17. MAY DISPLACE SOME II DEVELOPMENT 13 1 4 0 0 I, ~, '. L x 0 ! ; 1 i i 1 i t 14 EXHIBIT V I \ 4 0 0 .^ , . .- !I & L (@ B p j @ co & 4 = $ IC33 iefW1 1 @, - Ez? 0 =3 zsz ga a. EM 8 g,z .ma '!?>I 5E& Q) cslr SEE vj E73 m aog - 0-, @,BE zam 2$ :Eo o * Q) 'zs Kz igg QO& % Fjs ZEZ 2. 5 50 - m 0.E !&!e2 2 Z(3L %&k 25 " m- z MXQ @a 0 o 'CI >I+ WW - .-.- 1 I ? 0 0 e .- . .% ,a .- 1 gj 8, %E fn aG ;sf gm $J ti v7 5 p/wl { j 333 f $1 ,“a33 r=.@&! yz$j w3wQG $?O .!& am -. E$ = zgz ‘LA ggF Egg 6 :x Q) 0 E @@ g w- rCmz ZEz g P 00 . .-_- a 0 - Q@G @L 0 0 Ez- 3 @ZE = -5 bZ v) 03 n.- m Q) .- c=3* wz: :W-ti - w- - -0 *W- ZaLL @ga22 n 00 g S$ 5 EXHIBIT VI1 \ c 3 28 83 & &@ i& j; gig 1 f %L3 I $1 L La v7 n I$/o?f/ g* - 03 1: kgm : j &-q@ - m @lzs &Jc * $a3 !2 I v) iz L *GWg e - m- zg zon -~~~ [=. r_ 7- = ;Eo %- 00@90@ cz 0 z2 ZULL a90 g!! zoo 0 m vj so >. E* . a- iij y. 8 60 n (TJ Lo wm = sc, a om= I I I 1 ! i j t x 3. LAKE CALAVERA !R E e .C . .& . GENERAL INFORMATION Location: Northeast section of the City bordering the City of Oceanside. The study objectives were to determine if an 18 hole regulation size golf course could be accommodated within the Lake Calavera property and to determine if there was sufficient room for a tennis complex. The study area comprised of the City owned two hundred fifty two (252) acre Lake Calavera parcel which is an asset to the City‘s water enterprise fund. The site is zoned OS and is designated OS in the General P1 an. The 252 acre Lake Calavera property has been under City ownership since 1958 and, by agreement since May 25, 1983, is currently maintained by Costa Real Municipal Water District. The dam, which was constructed in 1942 created a 35 (t/-) acre open water storage basin for irrigation purposes until the late 1960’s. During the mid 1970’s the site was being considered for use as a possible county regional park, however, financial constraints created by Proposition 13 indefinitely postponed county development. One (1) course routing plan is proposed, a first rate Par 72, 6,710 yard golf course layout, with considerable variety to the holes. 18 ATTACHMENT 5 a e "* 'a 5 A MAJOR STUDY FINDINGS: 1. The proposed prel imi nary conceptual routing pl an wi 11 require further environmental, biological and hydrological review. 2. According to the golf course architect there may be a greater degree of grading compared to a stand alone golf course. There is sufficient room for other recreational enhancement within the study area, i .e., tennis complex, passive/natural areas and jogging trails. Water service agreement between City and CRMWD requires the City to contribute the proceeds from the sale or lease of Lake Calavera to a water system capital development fund. Temporary access is possible from the northeast section. Total golf course area, including roughs is estimated to be 197 & acres. 3. 4. 5. 6. 7. The proposed layout does not require conformance with adjacent development, i.e., joint grading, etc. 8. Go1 f course development cost including clubhouse, but excluding other infrastructure requirements are 7.8 to 8.7 mill ion dollars. 19 * e e LAKE CALAVERA e ** ,'c 4: PAR 72 - 6,710 YARDS (ONLY ALT) ADVANTAGES DISADVANTAGES 1. CITY OWNED 1. NOT CENTRALLY LOCATED 2. LARGER SERVICE AREA 2. MAY REQUIRE TEMPORARY A[ 3. QUALITY COURSE LAYOUT WITH 3. REQUIRES FURTHER BIOLOGI HYDROLOGICAL AND ENVIRO! ANALYSIS. 5. WOULD NOT EFFECT COMMUNITY PARK 4. GRADING REQUIREMENT MAY MORE THAN OTHER STAND AI COURSES WITH VARIETY IN HOLES STANDARDS 6. FUTURE PERMANENT ACCESS PROVIDED 7. TEMPORARY ACCESS IS AVAILABLE 8. NO LAND LEASE REQUIREMENTS 9. LOWER GREEN FEES 10. HIGHER PROFIT MARGIN 11. ROOM FOR TENNIS COMPLEX AND OTHER PASSIVE RECREATION USES CREATES REVENUE SOURCE FOR WATER ENTERPRISE FUND 12. 13. LESS ENVIRONMENTAL ISSUES 14. EXCELLENT USE OF AVAILABLE LAND (COMPATIBLE WITH SURROUNDING LAND USE) LAKE AVAILABLE FOR WATER SOURCE TO IRRIGATE COURSE 16. RECLAIM WATER POSSIBILITY 17. 18. PRESERVES LAKE/DAM 19. JOGGING TRAIL POSSIBILITIES 20 * 15. DOES NOT DISPLACE OTHER USES REDUCES EXISTING LIABILITY EXPOSURE 20 .- ,-3 . ' -* - b a I) '- ., *r ?.', ; , 2.. .' J. I" a >I I p=:;/,,,v* /; . , ~ ! j, .*< r-/ I -. I ?' ..- A- >, *- ..- / __-. /. c \ '\ ._ ,//- >J' : / ;.: .. '-- ./ /- ,-I .' " - .: /-..-- .,,,<:-+ 'f': i.,,. , v ' I. .. ,. / -, ,' -, 'L.. a a \ -/> ;: ,, ' ;a !' / ,:?' I - i. :' ,-2 ;. -- -. /' t: ., -h /' '1 \{ - 1 -- I, ,- I, J' !, .-_. ' . w \ i / 3 " 2 -.. -I . I ! ( t e 0 . 21 .' e * ?by 19, 1985 TO : WY?.IOND R. PATCHETT , CITY XARAGZR FROM: Finance Department CITY OF OCEANSIDE GOLF COURSE In response to a City Council question regardLng the profitability of the golf course otvmed by the City of Oceanside, we have made inquires and received copies of some rr,onthly inccnie statement. The City of Oceanside leases the golf course to -American Golf. is guaranteed a minirnm~ fee of $60,00G. Gceanside also receives 12% of the golf course revenue and 6% on restaurant and pro shop rever~e! less the $SO,OCO already paid for the ~xinlmur. Our staff reviewed mcnthly- statenents for the golf coilrse for the period July '87 to ?larch '85. kiriEg these nine 1noi:thS the proceeds tc, Oceanside were sics, 219.68. were charged or coulc! be charged against such revenue. The City ol' Oceanside does not maintain an enterprise fund for the golf course. Accounting til an enterprise fund reccgnizes the cost of depreciztioz on buildicgs and fixtures and other expenses in relation to revenGes recgived from a specific source. Also, the City of Oceanside has no debt service expense (i.e. interest or principal) related to the g~lf cause. The golf course acquisition wzs financed by proceeds froin the sale of City-owned land. The City is rnakizlg no effort to recover the cost of land through the golf course lease. staff estimates total revenue for 1987-88 will be $125,000. ~f you hme azy further questims? please call. The City Rowever we could not determine what expe:ises The Oceanside accmx:t<n~ 0 -r