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<br /> ' ~ • <br /> be made to maximize the economic return and benefit to the City; <br /> (2) appraising the value of Novel James' lease options and <br /> negotiating acquisition of same; (3) negotiating a lease with <br /> the County for the river channel and the Forrest Paull Park <br /> site; (4) designing the new course; (5) contracting for the <br /> operatior. and management of the golf course; and (6) construction <br /> and landscape maintenance of the improvements. In order to <br /> accomplish these tasks within the time frame dictated by the <br /> terms of Mr. James' leases, which will expire August 20, 1986, <br /> we need authority to appraise the lease option values, issue the <br /> Request for Proposals for the feasibility study (see Exhibit F, <br /> Mailing List), and issue Request for Qualifications for the <br /> design of the course and for its operation and management upon <br /> receipt of the feasibility study and determination of the improvements <br /> to be made. In addition to determining the extent of the improvements <br /> to be made to Riverview, the feasibility study will acknowledge <br /> the greenbelt concept and address potential uses, as well as <br /> determine a residual land value for Willowick Golf Course, in order <br /> to determine the feasibility of acquiring it as part of the <br /> greenbelt. The estimated budget for these is as follows: <br /> Feasibility Study $ 30,000 <br /> Architectural Services 50,000 <br /> Appraisal 5,000 <br /> Total $ 85,000 <br /> Funds are available in the GRS contingency fund for transfer into <br /> Account No. 41-116-621. <br /> The costs for the improvements to the course and for the <br /> acquisition of the leasehold options will be determined upon <br /> receipt of the feasibility study and the appraisal. Potential <br /> funding sources include lease revenue bonds and/or the new <br /> operator. Per the Action Plan, a more definitive financing plan <br /> will be developed in December once the feasibility study and <br /> appraisal are received. As stated, approval now to issue these <br /> requests for proposals and qualifications at the appropriate <br /> times will enable us to take over the course upon expiration of <br /> Mr. James' lease on August 20, 1986. <br /> Please do not hesitate to contact me should you have any questions. <br /> r i <br /> David N. Ream <br /> DNR/SM/he <br /> ~A <br /> ~y.~' <br /> <br />