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Resolution 14077CITY OF ALAMEDA RESOLUTION NO.140 7 7 DIRECTING THE GOLF COMMISSION AND STAFF TO MONITOR CHUCK CORICA GOLF COMPLEX BUDGET, CONSIDER RESULTS OF OPERATIONAL REVIEW, AND IMPLEMENT OPERATIONAL CHANGES TO ENSURE A BALANCED BUDGET WHEREAS, the Chuck Corica Golf Complex is a City-owned facility that consists of two 18-hole courses, one nine-hole executive course, a driving range, a practice area, and a restaurant facility; and WHEREAS, the Chuck Corica Golf Complex is a valuable asset to the community, providing recreational opportunities for Alameda residents; and WHEREAS, the City of Alameda recently issued a Request for Proposals for an independent consulting firm to review the City's municipal golf operation and make recommendations for its future operations, including potential cost containments; and WHEREAS, the operational review of the Chuck Corica Golf Complex will be completed by late June 2007; and WHEREAS, the goal of the City Council, the Golf Commission, and City staff is to ensure that Chuck Corica Golf Complex operational revenues and expenditures are in balance each fiscal year. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Alameda that the Golf Commission and staff are directed to monitor the Chuck Corica Golf Complex budget, consider the results of the operational review, and implement changes at the Golf Complex that will reach the goal of having operational revenues and expenditures in balance. BE IT FURTHER RESOLVED that the Finance Department will provide the City Council and the Golf Commission with monthly reports on the Golf Complex budget, and it will highlight the status of the Golf Complex budget in the quarterly financial reports it provides to the City Council. BE IT FURTHER RESOLVED that the City Council directs the Finance Department to establish a Golf Complex operating reserve of $80,000 from the Golf Complex's unreserved fund balance to apply to the closing of the operating budget for FY 2006-2007; if during the remaining months of the fiscal year, the projected year-end operating deficit, less depreciation, will exceed the $80,000 amount, the City Manager will bring the budget back to Council for action. I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly adopted and passed by the Council of the City of Alameda during the Regular Meeting of the City Council on the 20th day of March 2007, by the following vote to wit: AYES: Councilmembers deHaan, Gilmore, Matarrese, Tam and Mayor Johnson - 5. NOES: None. ABSENT: None. ABSTENTIONS: None. IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 21st day of March, 2007. Lara Weisiger, City Cler, City of Alameda