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<br /> CITY COUNCIL OF THE CITY OF PLEASANTON <br /> ALAMEDA COUNTY, ALAMEDA <br /> RESOLUTION NO. 05-074 <br /> RESOLUTION ADOPTING THE FISCAL YEAR <br /> 2005-06 and 2006-07 OPERATING BUDGETS FOR THE <br /> CALLIPPE PRESEVE GOLF COURSE AND THE GOLF COURSE <br /> ENTERPRISE FINANCIAL POLICIES <br />WHEREAS, Callippe Preserve Golf Course and Open Space project is scheduled for public <br /> opening the week of November 7,2005; and <br />WHEREAS, staff is presenting the attached operating budget for the golf course that will cover <br /> the remaining seven months in FY06 and all of FY07; and <br />WHEREAS, staff is recommending the adoption of interim financial goals that are intended to <br /> minimize impacts on the General Fund and other CIP projects during the period in <br /> which the General Fund will need to contribute towards debt service; and <br />WHEREAS, for the longer term, staff is recommending the adoption of financial policies that <br /> seek to ensure financial independence and sustainability for the golf course <br /> operation. <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES <br />AS FOLLOWS: <br />Section 1: Adopt the attached FY06 and FY07 operating budgets for Callippe Preserve Golf <br /> Course. <br />Section 2: Adopt the attached Golf Course Enterprise financial policies for Callippe Preserve <br /> Golf Course. <br />Section 3: This resolution shall become effective immediately upon its passage and adoption. <br />