Laserfiche WebLink
Financial Terms Options <br />Option 1 <br />The management fee would be $4,000 per month for six months (April thru Sept) <br />$129.00 per day outside the six months. The agreement would be for the 2019, <br />2020, and 2021 golf seasons. In addition, to the management fee Elk River Golf <br />Club would retain 50% of net profit excluding capital improvements for grounds <br />equipment (e.g. mowers or irrigation) or clubhouse equipment (e.g. water <br />heater). The City of Elk River would be liable for all day to day and capital <br />expenses as well as retaining all income generated at Pinewood Golf Course <br />w Option 2 <br />The management fee would be $5,000 per month for six months (April thru Sept) <br />$166.00 per day outside the six months. The agreement would be for the 2019, <br />2020, and 2021 golf seasons. In addition, to the management fee Elk River Golf <br />Club would retain 25% of net profit excluding capital improvements for grounds <br />equipment (e.g. mowers or irrigation) or clubhouse equipment (e.g. water <br />heater). The City of Elk River would be liable for all day to day and capital <br />expenses as well as retaining all income generated at Pinewood Golf Course <br />