Project Value: $378,440.00
City Allocation: $125,300

Project Description:

On December 10, 2010, the Council approved a 25-year extension of the Lease Agreement with Table Mountain Golf Club, Inc. (TMGC) for the management of the Table Mountain Golf Course. During discussions with TMGC regarding the lease extension, both the City and TMGC recognized that the clubhouse and golf course operations would benefit from a Clubhouse Renovation Project. Subsequently, TMGC requested a loan from the City to fund improvements and renovations to the Clubhouse interior and exterior. The City has committed to fund a portion of the work related to ADA upgrades and items that are not Code compliant. On June 27, 2011, the building plans were submitted to the Building Department for plan check. The building plans have been approved and have been issued to the TMGC. The Engineering Division has provided an example of the City’s standard bid documents for consideration of use to receive competitive bids for all of the improvements and renovations.

TMGC has requested a $250,000 RDA loan to be paid back over a 30-year period at an interest rate of 5%. In addition TMGC is receiving funding from the City in the amount of $125,300 to correct all ADA and building code deficiencies.

Funding Sources:

• ATC Funds (130): $55,574
• Airport Funds (440): $69,726

Milestones:

• Submittal of the building plans to the Building Division for review – June 27, 2011
• Plan review is completed, permit Issuance by the Building Division – October 18, 2011
• Permit finalized by the Building Division – Pending
• Certificate of Occupancy issued by the Building Division – Pending