Tahoe City Golf Course purchase parameters come into focus
March 7, 2012
TAHOE CITY, Calif. and#8212; The Tahoe City Public Utilities District board of directors will hold a special meeting Thursday to vote on whether or not to approve an agreement with the three other agencies providing funds for the Tahoe City Golf Course purchase.
A memorandum of understanding includes a payback provision which allows participating agencies to request reimbursement from partners if stated development goals for the site are not met.
The clause assures each funding partner of its investment, and also gives the North Lake Tahoe Resort Association, the largest contributor, a powerful position throughout the planning and development process.
Within one year of the propertyand#8217;s purchase, an oversight committee composed of three NLTRA representatives, two from TCPUD, one from Truckee Tahoe Airport District and one from Placer County will define development goals (and measurement criteria for them) for the property, according to the MOU.
If, after five years, measurable progress has not been made on the defined goals, partners can request a payback. If the payback cannot be made, or a loan cannot be generated, the property will be sold, and partners will split the proceeds.
According to Placer County staff documents, only 4 to 6 acres of the 45-acre site currently have development potential, although zoning changes may be made with the approaching Tahoe City Community Plan update.
Recommended Stories For You
A variety of possibilities for use exist, including options for wetlands restoration, ice skating, cross-country skiing, snowmobiling, a visitor center, a performing arts center, a recreation center or boutique hotel.
TCPUD plans to operate the property as a golf course until further development plans can be made.
The MOU, which can be found on the TCPUD website, provides an incomplete list of the interests of each agency.
The special TCPUD meeting will be held Thursday, March 8 at 8:30 a.m. in the TCPUD Administrative Office at 221 Fairway Drive in Tahoe City.