HomeMy WebLinkAbout1996.07.02_OPGA Agenda_Special1
NOTICE OF PUBLIC MEETING OF THE
OWASSO PUBLIC GOLF AUTHORITY
TYPE OF MEETING: Special
DATE: July 2, 1996
TIME: 7:00 p.m.
PLACE: Council Chambers, Owasso Community Center
301 S Cedar
Notice and Agenda filed in the office of the City Clerk and posted on the City Hall bulletin
board at 4:00 p.m. on Friday, June 28, 1996.
Marcia Atwell, Authority gecretary
I AGENDA
' 1. Call to Order
' 2. Roll Call
3. Consideration and Appropriate Action Relating to OPGA Resolution #96-03, a Resolution
Establishing Rates for Green Fees at Bailey Golf Ranch.
Mr Lehr
Attachment #3
Staff will recommend Trustee approval of OPGA Resolution #96-03, establishing rates
for green fees at Bailey Golf Ranch, and creating a discounted resident rate.
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Owasso Public Golf Authority
July 2, 1996
Page 2
4. Consideration and Appropriate Action Relating to a Request for Trustee Adoption of
OPGA Resolution #96-04, a Resolution Authorizing The Owasso Public Golf Authority
to Convey Deed to the Bailey Golf Ranch to the City of Owasso for a Purchase Price
Equal to Par Plus Accrued Interest on the Outstanding Owasso Public Golf Authority
Recreational Facilities Revenue Bonds, Series 1992. '
Mr Ray
Attachment #4
Staff will recommend Trustee approval of OPGA Resolution #96-04, authorizing '
conveyance of deed to the Bailey Golf Ranch to the City of Owasso.
5. Adjournment I I
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MEMORANDUM
TO: THE HONORABLE CHAIR & TRUSTEES
OWASSO PUBLIC GOLF AUTHORITY
FROM: WARREN LEHR
DIRECTOR OF GOLF
SUBJECT: REQUEST FOR ADOPTION OF OPGA RESOLUTION #96-03, A
RESOLUTION APPROVING A SCHEDULE OF GREEN FEES AND
RATES AND CREATING A RESIDENT RATE
DATE: June 28, 1996
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BACKGROUND:
' In August of 1993, Bailey Golf Ranch opened as a "stand alone" recreational amenity, owned
by The Owasso Public Golf Authority, with a view toward building for Owasso the status of a
' "full service community". The City Council did not budget General Fund money to subsidize
the construction of the course, nor did it assume any responsibility for any debt incurred by the
Golf Authority. With the recent reorganization of the OPGA, and in view of the
recommendation financing of the golf course that would include the pledging of city funds to
subsidize the golf course in the event of a shortfall, it appears to be appropriate to reconsider
our rate structure as it relates to Owasso residents.
PROPOSAL:
The implementation of a discounted rate structure for Owasso residents, similar to the Patron
discount rate structure, could produce positive results for the golf course and the city.
Generally, the proposed rates would apply to anyone living within the Owasso School District
and will discount the cost of a round of golf from 21 % to 34 % (depending upon the time of day
and day of week). Mr Lehr is the architect of the plan and Ms Bishop has reviewed the
' numbers for its impact on the total revenue picture. The proposed rate structure adds a category
(Owasso Resident) and, if approved, will enact the following rate structure:
OPGA RESOLUTION #96-03
JUNE 28, 1996
PAGE 2
CURRENT GREEN FEE RATES
NEW OWASSO
TIME OF PLAY
PUBLIC
PATRON
RESIDENT RATE' '
Mon-Thur Regular Fee
$19.00
$15.00
$15.00
Friday before 11:00 a.m.
$19.00
$15.00
$15.00
Friday after 11:00 a.m.
$23.00
$15.00
$15.00
Sat, Sun, Holidays before 1:00 p.m.
$23.00
$18.00
$23.00
Sat, Sun, Holidays after 1:00 p.m.
$23.00
$18.00
$18.00
Twilight every day after 4:00 p.m.
$15.00
$ 11.00
$11.00
Senior (62 & over) Mon - Fri only
$15.00
$11.00
$11.00
Junior (17 & under) Mon - Fri only
$ 9.00
$ 7.00
$ 7.00
COMMENTS:
As previously discussed, the creation of a discounted rate for Owasso residents should be subject
to the consideration of the following factors:
1. A reduced rate for Owasso residents must not have an adverse effect on revenues.
NOTE: A rate equal to or below our Patron Card discount structure could create a "drop
out" effect for Owasso residents (approximately 200)currently holding Patron Cards.
However, we believe this potential negative impact on revenue would be offset by an
increase in play by Owasso residents currently not utilizing the course. Also, the above
rate structure would protect our "prime time" revenues on Saturday, Sunday, and holiday
mornings while providing Patron Card holders with continued additional benefits for having
purchased their cards. Patron Card holders receive five free rounds of golf, five free large
buckets of range balls, a 10 % merchandise discount, advanced tee -time reservation
privileges, a quarterly newsletter, and other benefits, along with their green fee discounts.
We believe the large majority of Owasso Patron Card holders will continue to renew their
Patron Cards due to these additional advantages they will continue to receive beyond the
Owasso Resident Rate.
2. Boundaries and verification of "Owasso residents" must be established. Though the intent ,
of this proposal would be to embrace all residents in the Owasso community, some
boundaries would need to be established. We believe the Owasso school district boundaries
would serve this purpose best.
3. An Owasso resident rate should be clear and simple to understand. Most golf courses have
adopted several different rates in an effort to maximize revenues during busy and slow
times, and attract a broader range of golfers. Adopting a rate structure for Owasso
residents which is almost identical to our Patron rate structure would be the simplest
approach.
OPGA RESOLUTION #96-03
JUNE 28, 1996
PAGE 3
RECOMMENDATION:
The staff recommends adoption of OPGA Resolution #96-03.
ATTACHMENT:
1. OPGA Resolution #96-03
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OWASSO PUBLIC GOLF AUTHORITY
OPGA RESOLUTION NO 96-03
A RESOLUTION OF THE OWASSO PUBLIC GOLF AUTHORITY
ADOPTING RATES TO BE CHARGED FOR GREEN FEES AT BAILEY
GOLF RANCH, AND ESTABLISHING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE TRUSTEES OF THE OWASSO PUBLIC GOLF AUTHORITY
THAT:
SECTION ONE: From and after the effective date as hereinafter set forth, the rates charged
by the Owasso Public Golf Authority for green fees at Bailey Golf Ranch
are as described on Attachment "A", adopted and incorporated as such by
reference herein.
SECTION TWO: The rates hereby adopted shall become effective on the third day of _
July, 1996.
APPROVED AND ADOPTED this 2nd day of July, 1996 by the Trustees of the Owasso Public '
Golf Authority.
Danny Ewing, Chairperson
ATTEST:
Marcia Boutwell, Trust Secretary '
APPROVED AS TO FORM: '
Ronald D Cates, Trust Attorney
ATTACHMENT "A"
to
OPGA RESOLUTION #96-03
GREEN FEE RATES AT BAILEY GOLF RANCH
TIME OF PLAY
PUBLIC
PATRON
OWASSO RFSI EVP
Mon-Thur Regular Fee
$19.00
$15.00
$15.00
Friday before 11:00 a.m.
$19.00
$15.00
$15.00
Friday after 11:00 a.m.
$23.00
$15.00
$15.00
Sat, Sun, Holidays before 1:00 p.m.
$23.00
$18.00
$23.00
Sat, Sun, Holidays after 1:00 p.m.
$23.00
$18.00
$18.00
Twilight every day after 4:00 p.m.
$15.00
$11.00
$11.00
Senior (62 & over) Mon - Fri only
$15.00
$11.00
$11.00
Junior (17 & under) Mon - Fri only
$ 9.00
$ 7.00
$ 7.00
* All persons residing within the Owasso school district.
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OWASSO PUBLIC GOLF AUTHORITY
OPGA RESOLUTION NO 96-04
A RESOLUTION OF THE OWASSO PUBLIC GOLF AUTHORITY
AUTHORIZING THE OPGA TO CONVEY DEED TO THE BAILEY GOLF
RANCH TO THE CITY OF OWASSO FOR A PURCHASE PRICE EQUAL TO
PAR PLUS ACCRUED INTEREST ON THE OUTSTANDING OWASSO
PUBLIC GOLF AUTHORITY RECREATIONAL FACILITIES REVENUE
BONDS, SERIES 1992.
WHEREAS, the revenues generated from the operation of Bailey Golf Ranch have been
insufficient to timely pay the principal of and interest on the Authority's outstanding Recreational
Facilities Revenue Bonds, Series 1992; and,
WHEREAS, the trustee bank for the holders of said Bonds has declared an Event of
Default under the Bond Indenture securing the Bonds; and,
WHEREAS, the City of Owasso, Oklahoma has offered to purchase the golf course from
the Authority at a price equal to the principal of and interest accrued on said Bonds.
NOW, THEREFORE, BE IT RESOLVED BY THE TRUSTEES OF THE OWASSO
PUBLIC GOLF AUTHORITY that the Authority is authorized to sell the Bailey Golf Ranch
' to the City of Owasso, Oklahoma at a purchase price equal to the outstanding principal amount
of the Authority's Recreational Facilities Revenue Bonds, Series 1992 and the Chair is
authorized and directed to execute a deed and all other necessary or proper documents to effect
■ the sale of said golf course.
APPROVED AND ADOPTED this 2nd day of July, 1996 by the Trustees of the Owasso Public
Golf Authority.
IATTEST:
P,
Ir Marcia Boutwell, Trust Secretary
`W APPROVED AS TO FORM:
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OW Ronald D Cates, Trust Attorney
Danny Ewing, Chairperson
4.
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