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• • <br /> l <br /> uy <br /> ALF <br /> The Gay~~e of a Lifetime <br /> July 3, 1985 <br /> City of Santa Ana <br /> 20 Civic Center Plaza <br /> Santa Ana, California 92701 <br /> P1r. Rex Swanson, Deputy City Manager <br /> Attention: Susan Moeller <br /> City of Santa Ana <br /> Economic Development Agenty <br /> Reference: Future Development and the Operation of <br /> River View Golf, Inc.; and Letter to that <br /> Office of 2/12/85 <br /> Pursuant to referenced letter and your request for various information, the follow- <br /> ing is divided into: <br /> OVERVIEW (HISTORY) OF DEVELOPMENT AND OPERATION OF THE BUSINESS <br /> 1961 TO THIS DATE. <br /> REDEVELOPMENT REQUIREMENTS OF RIVER VIEW PUBLIC GOLF COURSE. <br /> DEVELOPMENT OF FORREST PAULL PARK (ADJOINING THE GOLF COURSE). <br /> EXPECTED REVENUES FROM REDEVELOPED GOLF COURSE AND ITS ABILITY TO <br /> MAKE PROFIT ABOVE DEBT SERVICE. <br /> HISTORY: <br /> The original nine (9) hole course was constructed on city owned land (approximately <br /> 44 acres) as the result of lease, dated August 1961. Before the end of five <br /> years the capital costs had been paid and the operation was profitable. This <br /> area of the present leasehold operates under "NOVATION OF LEASE", dated March <br /> 11, 1974. <br /> Having reached near capacity of the 9 hole operation (with night practice driving <br /> range) the area was expanded approximately $6 acres by a lease with County of <br /> <br /> Orange, Orange County Flood Control District, dated September 2, 1969. <br /> ~QA <br /> ~y~ <br /> 1800 West 22nd Street, Santa Ana, Calif. 92706 EXHIBIT B <br /> Phone 543-1115 <br /> <br />