HomeMy WebLinkAbout07161985 GC•S
MINUTES OF SPECIAL JOINT MEETING - GOLF COURSE ADVISORY BOARD - AIRPORT ADVISORY
BOARD - JULY 16, 1985
SPECIAL MEETING WAS CALLED TO ORDER BY CHAIRMAN DON LIVINGSTON AT 2:00 P.M.
PRESENT: GOLF COURSE ADVISORY BOARD MEMBERS - CHAIRMAN DON LIVINGSTON, GEORGE
PEPPER, JOHN VAN ANTWERP, LYNN WRIGHT, LLOYD RONDEAU; AIRPORT ADVISORY BOARD
MEMBERS - FRANK DE JOIA, KENNETH MEGUIN, MICHAEL KENNEY, GEORGE METCALF.
ALSO PRESENT: MAYOR JIM GALLAGHER, CITY ATTORNEY THOMAS PALMER, FINANCE DIRECTOR
CAROL CARSWELL, EARL WITHERBY, APPRAISER.
THE PURPOSE OF THIS SPECIAL MEETING WAS TO DISCUSS THE APPRAISAL OF THE GOLF COURSE
SUBMITTED BY MR. WITHERBY.
ATTORNEY PALMER EXPLAINED THAT THE FEDERAL AVIATION ADMINISTRATION REQUIRED AN
APPRAISAL ESTABLISHING A FAIR MARKET VALUE AS A BASIS TO PREPARE A FAIR USE FEE
FOR RENTAL TO BE PAID ANNUALLY BY THE GOLF COURSE TO THE AIRPORT.
MR. WITHERBY ADVISED THAT HE ESTABLISHED A MARKET VALUE FOR RAW LAND FOR TODAY AND
BACKED IT DOWN TO WHAT IT WOULD BE IN 1981 BEFORE THE GOLF COURSE WAS BUILT. THE
PROPERTY VALUE HAS INCREASED 40% SINCE THEN. HE RECOMMENDED THAT THE RENTAL FEE
FOR THE FIRST FIVE YEARS OF THE LEASE BE CALCULATED AT 5% OF THE RAW LAND VALUE.
THE RATE AFTER 1986 COULD THEN BE ADJUSTED IN LINE WITH THE CONSUMER PRICE INDEX,
OR COULD REMAIN AT 5% PLUS A PERCENTAGE OF THE GROSS INCOME OF THE GOLF COURSE.
MAYOR GALLAGHER ADDED THAT IF THE FAA ACCEPTED 5% OF THE UNIMPROVED LAND VALUE,
THE GOLF COURSE WOULD PAY THE AIRPORT APPROXIMATELY $28,000. A YEAR, WHICH THE
GOLF COURSE WOULD BE ABLE TO HANDLE.
THE APPRAISAL REPORT CITED THE VALUE OF THE UNIMPROVED PROPERTY AS $569,800. AS
OF JULY 1, 1985, WHICH EQUALS $3,700. PER ACRE. THE JULY 1, 1981, VALUE WAS
$338,800pp OR $2,200. PER ACRE. THE IMPROVED PROPERTY WAS APPRAISED AT $1,885,850.
AS OF SEPTEMBER 30, 1984. ITS PREDICTED MARKET VALUE FOR SEPTEMBER 30, 1986, IS
$3,179,350.
THERE FOLLOWED A GENERAL QUESTION AND ANSWER SESSION.
MEETING ADJOURNED AT 2:56 P.M.
P"'1
Jim Gallagher
Mayor
City of Sebastian
POST OFFICE BOX 127 [] SEBASTIAN, FLORIDA 32958-0127
TELEPHONE (305) 589-5330
Deborah C. Krages
City Clerk
SPECIAL JOIN~ MEETING
GOLF COURSE ADVISORY BOARD -
AIRPORT ADVISORY BOARD
JULY 16, 1985 - 2:00 P.M.
CALL TO ORDER
ROLL CALL
PLEDGE OF ALLEGIANCE TO THE FLAG
NEW BUSINESS:
GOLF COURSE APPRAISAL
ADJOURN
NOTE: IF ANY PERSON DECIDES TO APPEAL ANY DECISION MADE ON THE ABOVE
MATTERS, HE/SHE WILL NEED A RECORD OF THE PROCEEDINGS, AND FOR SUCH
PURPOSES,.HE/SHE MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE
PROCEEDINGS IS MADE, WHICH RECORD INCLUDES THE TESTIMONY IN EVIDENCE
ON WHICH THE APPEAL IS BASED.;