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EOty1� ,.,�� Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 10.3 <br /> Agenda Section Meeting Date Prepared by <br /> Work Session June 6, 2016 Cal Portner, City Administrator <br /> Item Description Reviewed by <br /> Pinewood Golf Course Michael Hecker, Parks and Recreation Director <br /> Reviewed by <br /> Action Requested <br /> Discuss and provide staff direction regarding Pinewood Golf Course. <br /> Background/Discussion <br /> City Council first discussed Pinewood options at the April 18 work session. Consensus was for the city <br /> not to operate the course and for staff to bring back information at future work sessions to discuss <br /> options. Based on feedback received at the April meeting, staff has narrowed the options first discussed <br /> from six to the following three: <br /> 1) Hire a consultant to review the operations and amenities of Pinewood. The consultant could <br /> make recommendations on a more efficient golf operation in addition to diversifying the use of <br /> the course to a wider audience. They can provide a basic feasibility study with research and <br /> assessments of the current state as well as the potential opportunities,including re-purposing the <br /> course in non-traditional ways. <br /> 2) Market the course for sale to potential developer(s) <br /> The Pinewood property holds value to a developer as a potential housing development. Utilizing <br /> the recent appraisal study, the approximate value of the land to a residential developer is <br /> $450,000. The property is currently zoned R-1 c and supports lots down to 80 feet wide and <br /> 11,000 square feet. Sewer and water will be included as part of any development on the property. <br /> Prior to approval as a residential development the Comprehensive Plan would need to be <br /> amended to support residential uses,which could be initiated by the city. <br /> The Pinewood Estates Second Addition plat from 2005 met R-1c standards and included 56 <br /> single-family homes. Using that plan as an example, the taxable value would be approximately <br /> $205,000 to $225,000. <br /> Alternatively, the city could plat the parcels and develop the property to a given point,prior to <br /> sale of the land. This could include recording the final plat and paying all development fees prior <br /> to sale or constructing the roadway in installing the utilities. Selling this type of product to a <br /> developer or building may prove difficult as the plan laid out by the city may not be marketable <br /> for a developer. <br /> POWERED 6T <br /> A IR <br />