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L~ THE~CITY Oj'F `~°°'~~'~"' "°'° "" CITY COUNCIL AGENDA REPORT ~L£~S~4NTON® September 16, 2008 Parks and Community Services TITLE: APPROVE AN APPROPRIATION FROM THE CALLIPPE PRESERVE GOLF COURSE REPLACEMENT RESERVE FOR THE FINAL PHASE OF THE SAND BUNKER PROJECT SUMMARY The first phase of the Callippe Preserve Golf Course sand bunker replacement project was completed in August 2008. Over 30 greenside sand bunkers were improved, including repairs to the drainage system and replacement of the original small-grained, clumping sand. Cost of the project was $79,500, and reaction from golfers has been positive. Staff is now recommending completion of the remaining 27 fairway bunkers beginning in late September, at a cost of $132,659. Funding of $111,000 is available in the Golf Course Replacement Reserve, which would require the Council to advance $22,000 from current year golf operations to complete the project. RECOMMENDATION That the City Council approve the advance of $22,000 from current year golf operations income to the Golf Course Replacement Reserve, and appropriate $132,659 to complete the remaining sand bunkers at Callippe Preserve Golf Course. FINANCIAL STATEMENT The Golf Course Replacement Reserve receives approximately $82,000 in annual allocations from income generated at Callippe Preserve. The current reserve balance (after completion of the first phase sand bunker project) is $111,000. To complete renovation of the remaining sand bunkers in the current fiscal year, an advance of $22,000 from the FY 2009 Golf Course Replacement Reserve allocation is necessary. This would leave a beginning balance of approximately $60,000 in the Replacement Reserve for next fiscal year.