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<br />. <br /> <br />RESOLUTION NO. 4451 <br />PAGE TWO OF TWO <br /> <br />WHEREAS, from July, 1992 to November, 1993, the Golf Course <br />Task Force has conducted over 20 meetings to develop concept <br />plans, revenue and expenditure projections, market analysis, <br />construction and operation costs; and <br /> <br />WHEREAS, the Task Force has made recommendations to the City <br />council for approvals of funding for financial, architectural, <br />engineering and marketing consultants to assist them in <br />developing the proposal which would be a financially, <br />environmentally, aesthetically, social and recreational <br />investment opportunity for the City of Mounds View; and <br /> <br />WHEREAS, the Golf Course Task Force has, through <br />comprehensive research and analysis, determined the financial <br />viability of a 9 hole golf course and driving range on land <br />currently owned by the City and proposed additional land to be <br />acquired to increase the success of the course; and <br /> <br />WHEREAS, the Master Plan for the course, approved by the <br />Council on November 8, 1993 represents a golf course and practice <br />range that will be a challenging and enjoyable recreational <br />experience expressly directed to a well-defined and research <br />supported clientele and market base; and <br /> <br />. <br /> <br />WHEREAS, the Task Force has recommended that the <br />construction of the golf course and practice range be funded by <br />the sale of a Gross Revenue Bond; and <br /> <br />WHEREAS, the Task Force further recommends that the first <br />two full years of course operations be subsidized with an inter- <br />fund loan from city enterprise funds; and <br /> <br />WHEREAS, the Task Force has requested that the City Council <br />accept all Task Force recommendations and take formal action to <br />proceed with implementation of all recommendations. <br /> <br />NOW, THEREFORE, BE IT RESOLVED that the City Council in and <br />for the City of Mounds View accepts the recommendations of the <br />Golf Course Task Force and does hereby make formal commitment to <br />proceed with the construction and operation of a municipally- <br />owned and operated nine hole golf course and driving range. <br /> <br />ATTEST: <br /> <br /> <br />November, 1993. <br /> <br />. (SEAL) <br />