North Tahoe PUD to work exclusively with Bay Area developer
KINGS BEACH, Calif. — At its Sept. 13, meeting, the North Tahoe Public Utility District Board of Directors approved an “Agreement to Negotiate Exclusively” with Laulima Development.
According to a news release from the PUD, the exclusive deal marks the initial step in negotiating a lease agreement with the Bay Area-based company for the operation and maintenance of the North Tahoe Event Center in Kings Beach.
“(It) provides the parties with the framework to exclusively negotiate a lease agreement, but does not guarantee that a lease agreement can or will be successfully negotiated,” according to the PUD.
On July 12, the board voted to negotiate a partnership with Laulima for management of the center, which is located on the lake side of Highway 28 in the heart of Kings Beach.
Since that meeting, staff reportedly worked with representatives from Laulima to craft the framework for the exclusive deal.
“ A primary goal of the District’s recently adopted Strategic Plan is to seek financial solvency for the Recreation and Parks Department and that has been an ongoing effort for staff,” officials said. “Numerous ideas have been explored including the use of property tax, initiating a needs assessment survey to determine the willingness of the property owners and residents to cover the operating deficits and capital asset replacement requirements and to update the Recreation and Parks Master Plan among other ideas.”
The North Tahoe Event Center, which has been managed by the utility district, has an average annual deficit of about $90,000 in operating costs, according to previous reports, while an extra $80,000 a year is needed to be set aside for deferred maintenance, which also hasn’t been achieved.
According to the PUD, maintaining access and affordability to the community is an element of the exclusive agreement, and will also be included in lease negotiations.
Visit ntpud.org to learn more about the North Tahoe PUD and the event center.