CCMIN021699 - Laserfiche WebLink

Item 6e Matters related to the Happy Valley Golf Course project and annexation. (SR99:41 ) Randall Lum presented the staff report. Karen Frost, Chairman of the Golf Committee, explained the values about this project, the time line, and the budget. She is very proud of the work the architects have done in preserving the habitats, while maintaining the integrity of the golf course, to bring forth a golf course the City can be proud of. Ms. Michelotti understood the golf course had been redesigned to accommodate the environmental issues. She asked if the golf committee was comfortable with the redesign. Ms. Frost said the committee was comfortable with the redesign. Actually one of the holes in the redesign is more exciting than the original design. Mr. Pico asked for clarification for the allocation of water and sewer costs comparing staff' s recommendation to the Allsat Improvement Association proposal. Mr. Lnm said the difference is that the cost for an existing home is reduced by $13,000 for sewer and water, but the cost increases by about $5500 for future homes. It adds about $210,000 to the cost of the golf course. He explained that the budget for the golf course already has this cost, because the cost to install the core facilities is already included in the golf course budget. Mr. Pico thought the $18,000,000 would be recovered by selling twenty-four lots. Mr. Lnm said the expected bond revenues, the reimbursement for the infrastructure costs for the twenty-four lots and the previous advances from the CIP and water and sewer fund, total $18,000,000. The other costs for the 24 lots is under the land cost of the project and is not part of the $18,000,000. Mr. Pico asked how much of the $18,000,000 is related to the twenty-four homes. Dave Iremonger, Treasury Supervisor, said the twenty-four home sites will be available to the property owners to pay for the City's purchase of the land. When the twenty-four homes hook up to the infrastructure, $1.49 million will come back to the City. The bond sale, the twenty-four homes' paying their share of the infrastructure, and the advances make up the $18,000,000. Mr. Pico asked if the City will own the twenty-four home sites? Mr. Iremonger said no. One of the things referenced in the staff report is that there will be a proposed change to the MOU with the property owners who own the golf course property. That Pleasanton City Council 21 02/16/99 Minutes