Council expected to defer golf course debt repayments
March 19, 2017 at 10:33 p.m.
Updated March 20, 2017 at 6 a.m.
The Victoria City Council is expected at its Tuesday meeting to extend a deferral for Riverside Golf Course's rent payments to June 1.
In November 2016, the council members approved a plan to restructure the remaining balance of $180,000 of a $382,000 loan Victoria Parks Improvement Association took from the city, which included a deferral of payments to April 1.
The agreement also placed the golf course on the city's liability insurance policy and allows it to participate in its equipment purchasing co-op program, in exchange for a business plan that lays out how the association planned to fix the golf course's beleagured financial situation.
Victoria Parks Improvement Association, which operates Victoria's only public golf course, has submitted a business plan, said City Manager Charmelle Garrett.
"Part of the delay is to go over details of the business plan and revisit our agreement with them," said Victoria Mayor Paul Polasek.
In other business, council members are expected to approve a contract for the sale of the site of the former Willow Street Wastewater Treatment Plant.
Council members also will hear a detailed annual report about the city's Capital Improvement Program planning and expenditures.