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Mounds View City Council March 28, 2005 <br />Regular Meeting Page 21 <br />• Council Member Gunn gave a reminder about the smoking ban in all bars and restaurants that <br />will go into effect on the 31St <br />B. Staff <br />City Administrator Ulrich gave a reminder that the City's town meeting will be held on <br />Saturday, Apri130~'. <br />1. Golf Course Quarterly Report <br />Mary Burg from the Bridges Golf Course stated that she didn't include financial information <br />because they are still waiting for the financials from last year to be completed. She stated <br />that the outdoor signs had been installed, and they had received their first payment of <br />$62,000. She explained some of the work that has been done on the golf course over the <br />winter months. She stated a lot of her time is spent on marketing strategies. She went over <br />some of the flyers that they advertise in. She stated that the soil testing had been done. She <br />stated that the taxpayer's taxes aren't impacted to help the golf course. <br />Mayor Marty stated that there has always been a misconception that the golf course is costing <br />the resident's money out of their pockets. He stated if the projections are right on, by the <br />time it's paid off in 2018, it's anticipated that there will be $400,000 per year in income <br />• that could be realized by the City. He noted that the Bridges Golf Course had out performed <br />all other nine whole municipal courses in 2004. <br />Ms. Berg stated she appreciated him making that comment. <br />Dave Jahnke stated that he wanted a financial report with numbers on it, and not a slide <br />presentation. <br />Ms. Berg stated that there was a lot of financial information in the fall report, and she <br />doesn't have any additional information to report now. <br />Mr. Jahnke stated that Mounds View is not in good shape financially, and the green space at the <br />Bridges is not helping to pay the bills. He stated that when they built the golf course, they told <br />them how much money it was going to make, and they had hired a very expensive outfit to <br />analyze it. <br />Council Member Stigney stated that they had been told that after three years it was going to be <br />contributing to the tax base. <br />Mr. Jahnke stated that there are too many golf courses, and 15 have closed down already. He <br />stated that it's a sad day when they can't run a golf course without getting income from a sign <br />• company. <br />