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Mounds View City Council November 27, 2000 <br />Regular Meeting Page 15 <br />Mayor Coughlin explained that the Resolution is a requirement of applying for funding through <br />an organization called First Tee which is providing funding at a reduced interest rate to cities <br />building golf courses. The organization will fund 250 golf courses so the City needs to get in <br />line for funding. The purpose behind the addition of step 2 in the Resolution is to provide an out <br />for the City should it be determined expanding the golf course is not in the best interest of the <br />City. <br />Council Member Marty indicated that the City had fallen way down on the list to receive funding <br />due to delays. Council needs to pass Resolution 5490 in order to declare intent to expand the <br />golf course and be eligible to apply for funding. <br />Council Member Thomas inquired as to what a letter of intent would require and asked if there <br />were any guidelines in place. <br />John Hammerschmidt, Golf Course Manager, indicated there is an application process that needs <br />to be followed. The First Tee organization has said it will fund 250 golf courses but there is no <br />guarantee of that number. If the City is interested in receiving funding from First Tee it needs to <br />declare intent and begin the application process. <br />Council Member Thomas inquired as to whether the positive cash flow from the feasibility study <br />included the additional nine holes or the entire course including the existing nine holes. <br />John Hammerschmidt, Golf Course Manager, indicated that the feasibility study showed that the <br />expanded nine holes will help to provide positive cash flow for the entire facility as there will be <br />less overhead to run those holes since the City is currently operating nine holes. Mr. <br />Hammerschmidt indicated expanding the golf course was necessary to provide positive cash flow <br />at the golf course. <br />Council Member Stigney inquired as to whether it had been stated in the past that if the <br />billboards were allowed there would not be a debt problem. <br />Mr. Hammerschmidt indicated that he believed Council Member Stigney's statement to be <br />accurate. <br />Council Member Stigney inquired as to why the City needed to proceed now rather than waiting <br />until the billboard issue is resolved. <br />Mr. Hammerschmidt indicated that passing of the Resolution does not necessarily mean that <br />expansion will take place. It is an expression of intent to research the possibility of expansion of <br />the golf course. <br />Council Member Stigney inquired as to what type of notification First Tee required if the City <br />wished to look to them for funding of an expansion. <br />u <br />