Black Gold, developer fees, Nixon property
Let's
catch up on some matters that merit attention:
--Although
few conservatively governed cities own golf courses, Yorba Linda's
Black Gold Golf Club has always enjoyed near-unanimous support from
the city's elected leadership due to the prestige of the course's
top-tier ranking and the potential to add cash to the municipal
treasury.
The
latest figures from KemperSports, hired by the city to manage Black
Gold, show the course's industry ratings remain high and the
facility's net income is increasing – but still a bit shy of
the revenues that were estimated at the beginning of the 2013-14
budget year.
Here
are the numbers: for the recently completed fiscal year, green fee
revenue was 102.1 percent and food and beverage income 105.5 percent
of the prior year, but green fee revenue was 99.4 percent and food
and beverage income 95.1 percent of anticipated amounts.
And
while golf shop and driving range incomes were 96.9 and 96.7 percent
of the prior year, revenues were 103.5 and 99.7 percent of estimates
in the budget set at the start of the year.
All
of that translates into total revenues close to $5.8 million, with
net operating income re-ported at $560,534, or $282,698, after
investing $277,836 back into the 219-acre property.
Officials
estimated 117,680 individual visitors at Black Gold in 2013-14: golf
rounds, 57,476; practice facility, 14,022; weddings, 9,700; banquets
and meetings, 12,700; events and tournaments, 11,000; and a la carte
dining, 12,782.
Also,
the City Council has approved adjustments to pricing expected to
increase green fee and driving range income from $30,000 to $50,000
each year, depending on player counts.
--The
council has closed an apparent loophole in the type of residential
development that triggers fees developers must pay the city to fund
new or rehabilitate existing park and recreational facilities, as
allowed by state legislation.
Previously,
the city collected a fee for each single- and multi-family
residential unit built under a tentative tract or parcel map, a fee
boosted to $9,030 for each single-family and $5,790 for each
multi-family unit last year.
Now,
the same fees will apply to developments that don't require such
maps. The fees are based on formulas that call for three acres of
parkland per 1,000 population, an appraisal of $1 million per acre
and 3.01 persons per single-family and 1.93 persons per multi-family
unit.
--One
of the most controversial development proposals in city history
occurred in 1985 for the land now occupied by the Nixon
Presidential Library & Museum, when top-level city staffers
recommended approval of a 61-unit condominium project for 6.1 acres
of the site.
Council's
reaction and the number of condo units eventually approved will be
among the topics of a presentation I'll make at the Monday, Jan. 12,
public meeting of the Yorba Linda Historical Society at 7 p.m. in
the Game Room at the Community Center.
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