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MINUTES OF THE PARK COMMISSION MEETING OF NOVEMBER 5, 1991 <br /> GOLF COURSE — CONT. <br /> Gerhardson noted there is not and that it is strictly a 9 hole <br /> golf course with no room for expansion. <br /> Johnston asked where retained earnings go from the golf course. <br /> Gerhardson noted they go into the general fund. He explained <br /> that the course was purchased with money from the general fund, <br /> and that was to be paid back through retained earnings, however <br /> years ago the Council forgave that loan as the course was unable <br /> to keep up with the payment of the interest on that loan. <br /> Johnston asked if staff projects future revenues. Gerhardson <br /> noted that is not done. <br /> Chair Flint noted that perhaps retained earnings from the golf <br /> course could be used to fund the comprehensive park plan review. <br /> Gerhardson noted that in the past the course has tried to <br /> increase revenue and it is currently looking at income from other <br /> seasons. He noted that this year a cross country ski trail will <br /> be plowed through the course by the DNR. <br /> Johnston felt that the golf course should be under the guidance <br /> of the Park Commission and the profits should be spent on park <br /> improvements. <br /> Wilson asked if golf lessons have ever been provided. <br /> Gerhardson stated that in the past they have had an instructor <br /> from the school offer lessons. He noted that for the coming <br /> season the course will be offering a student rate. <br /> Johnston asked if CDBG money would be available for the <br /> comprehensive park plan review. <br /> Gerhardson noted that is what he was going to check on, however <br /> funds are limited. He noted that in the past those funds have <br /> been used for rehabilitation of private property for low income <br /> residents. Gerhardson explained to use the funds, the Commission <br /> would have to request the expenditure of the money from the <br /> Council and then a public hearing would have to be held. He � <br /> noted that if this is intended for the upcoming year, the process <br /> should be initiated immediately. <br /> 8 <br />