Laserfiche WebLink
I <br />I <br /> <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />The Honorable Mayor and City Counsil <br />Page 2 <br />February 12, 1981 <br /> <br />The procedure would involve submitting a plat under your <br />PUD ordinance, dedicating the golf course land on the plat, <br />with written agreements between the developers and the City <br />as to the timetable for golf course construction. We would <br />suggest exploring the use of General Obligation Bonds to pay <br />for construction, payable from the revenue to be derived from <br />golf course operation. In reviewing the applicable statute, <br />it appears to me that if the bonds and interest are repayable <br />from project revenue, no referendum would be necessary on a <br />bond issue. <br /> <br />I re~li~e that y~u no doubt have literally hundreds of questions, <br />and we have verY few answers at present. However, if the <br />City is intere-sted in exploring the concept further, we would <br />like to begin discussions as soon as possible. Conversely, if <br />the City is prepared at this time to express no interest, we <br />would appreciate that candor, since we could then proceed with <br />our original plans without further delay. <br /> <br />I would be happy to appear before your City Council at such <br />time as may be convenient to you. I was originally scheduled <br />to appear before your Planning Commission, but your City Staff <br />and I agreed that without at least some expression of interest <br />in the overall concept from the City Council, it was fruitless to <br />be discussing details with the Planning Commission. <br /> <br />Please advise if you wish my appearance at a Council Meeting. If <br />possible, I would like to appear at your first meeting in March. <br /> <br />Respectfully ~ours, <br /> <br />dm <br /> <br /> <br />