R-96-12-12-10A - 11/7/1996has submitted a proposed capital budget for the Forest Creek Golf
Course for fiscal year 1996 - 97, and
WHEREAS, the City Council wishes to approve said capital
WHEREAS, CCA Silband /Golfcorp /Round Rock, Inc. ( "Operator ")
budget, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS,
That the capital budget for the Forest Creek Golf Course
submitted by Operator for fiscal year 1996 -97, attached hereto as
Exhibit "A ", is hereby approved.
RESOLVED this 7th day of November, 1996.
ATTEST:
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LAND, City Secretary
RESOLUTION NO. R- 96- 12- 12 -10A
CHARLES CULPEPPER, Mayor
City of Round Rock, Texas
Forest Creek Golf Course
Capital Budget 1996 -97
Exhibit "A"
Sources of Funds
Balance of funds at 9/30/96 $56,530.44
4% of Golf Fees estimated to 9/30/97 36,520.00
Total estimated funds available 93,050.44
Uses of Funds
Irrigation Pond Expansion , 10,000.00
Computer 2,500.00
Rotary Mower 12,000.00
Greens Mower - 13,000.00
sub -total 37, 500.00
Reimbursement to ClubCorp -
Shop , cart bam electrical work $1,791.00
Range ball washer 1,370.00
Greensmower renovation 5,098.87
Clubhouse Awning 1,396.25
Computer 930.57
Pump Station 2,220.71
Tournament signs 869.50
Irrigation 3,452.45
Sandtrap renovation 6,264.95
Tree removal and landscaping 4,260.02
Central Texas Refuse 850.00
sub -total reimbursement to ClubCorp 28,504.32
Contingency for other equipment, improvements 15,000.00
Grand Total Capital Budget $81,004.32
Estimated funds remaining $12,046.12
DATE: December 10, 1996
SUBJECT: City Council Meeting, December 12, 1996
ITEM: 10. A. Consider a resolution approving the capital budget for Forest Creek Golf
Course.
STAFF RESOURCE PERSON: David Kautz
The agreement between the City and the Forest Creek Golf Course Operator (ClubCorp)
requires the operator to submit a capital budget to the City for review each year. The capital
budget is funded through a monthly deposit of 4% of the green fees. The City owns the
equipment and improvements purchased through the capital budget.
The attached exhibit includes the proposed capital budget for 1996 -97.
Staff recommends approval.