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Equipment lease payments will be an operating expense of the golf course and are a <br /> part of the annual operating budget for Callippe Preserve Although revenues of the golf <br /> course are expected to pay for the annual equipment lease payments, the General <br /> Fund will provide the pledge for repayment This means that the General Fund is <br /> obligated to make the payment if there are insufficient funds in the golf enterprise fund <br /> Submitted by Approve. ..y <br /> • <br /> Tina Olson Nelson Fialho <br /> Director of Finance City Manager <br /> Attachments <br /> 1 Loan Agreement <br /> 2 Replacement List of Maintenance Equipment <br /> 3 Resolution <br /> Page 3 of 3 <br />