Monday, February 12, 2007

Appraisal Is In

Now hear this!


Two appraisals ordered by the city set the price of The Golf Club at $28 million if it is going to be used for residential uses and $13.8 million if it is to remain as a golf course.

The Golf Club closed last summer after accumulating too much debt.

The appraissals were received late Monday afternoon and will help shape the city council's decision on whether to try to buy the course, which wasa the city's first golf course.

"We don't know. We have to make that decision. I suggest we all step back and peruse," Councilwoman Dolores Bertolini said.

Staff and Bertolini are working on recommendations about how the city should proceed with the appraisals. Some residents want the city to buy the course and keep it as a golf course.

Residents should be included in the decision making process, Bertolini said.

"You need to come out and let us know what your thoughts are," Bertolini said.