1979-08-14 Parks and Rec Comm Agenda PacketCITY OF MENDOTA HEIGHTS
Park and Recreation Commission
AGENDA
August 14, 1979
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* This meeting is two weeks early, combining July and August. Please
call if
you cannot come, so we can be assured of a quorpm.
1. Rogers Lake Park
At the June meeting we discussed updating the playground
equipment at Rogers Lake Park. The Council has approved and suggests
we seek professional aid in planning. Two landscape architects will be
interviewed at this meeting:
Mr. Gary Tushie 8:00 P.M.
Mr. Don Ripple 8:30 P.M.
Orvil Johnson will also be present.
2. Ivy Falls Park Access
Homeowners on Brompton Court (off Highway 13) have requested a
pedway on the utility easement line from middle of cul-de-sac on Brompton
Court to the Park (distance approximately 100 feet).
Please inspect site before meeting.
3. Archery Range
Jerry Lundeen reporting on situation.
4. Park Maintenance
--Tree transplant program.
-- Warming house re -roofing.
--Replanting dead Birch trees..
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CITY OF MENDOTA HEIGHTS
MEMO
TO: Honorable Mayor Lockwood
FROM: Larry Shaughnessy
SUBJECT: Par 3 Golf Course
August 14, 1979
On Saturday, August 5th, Bob Lockwood and I met with Mr. Lipschultz and
Schway, the owners of the Mendota Par 3 Golf Course, regarding the future of
the course.
The owners indicated that they felt the property to have Yetail value
today of approximately $1,000,000, based on the twenty (20) acres being divided
into between forty (40) and forty-five (45) building sites valued at $20,000 or
$25,000 each, plus assessments. They further indicated that they would like to
propose a lease of the property (for 10 years) to the City, calling for an
initial return of 7% (increasing thereafter) on a base of $700,000 and $49,000
annually. They also felt the property could be offered for sale at a somewhat
reduced price from that value although no figure was mentioned.
The course now has about 30,000 golfers per year with a net profit to
the partners of about $30,000.00. The current year should be somewhat better,
about $36,000.00 net. The net figure is after mortgage, interest and assessment
payments. The owners gave us their reports for the last three (3) years, which
are further analyzed in the attached memo.
We left agreeing to report to the Council and Park Commission on their
thinking and get back to them in about 30 to 40 days as to whether the City
wants to pursue the matter further.
We will develop a report on the two (2) proposed alternatives and give
them to the Park Commission and Council for further discussion.