pages: CityCouncil/2008-07-01.pdf, 13
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CityCouncil | 2008-07-01 | 13 | and Modesto are in the process of taking back City control of the golf courses. Mr. Singer stated that he was not aware of said situation but would not be surprised; he has seen every type of scenario. Councilmember Gilmore stated that she understands that Oakland did some major renovations and leased the golf course to an outside operator; the operator wants to renegotiate the lease because the cash flow is not there; inquired how the City would be protected from the same situation. Ed Getherall, NGF Project Manager, responded the operator entered the lease when the market was at its peak; stated operators run out cash flow models; he would be surprised if Alameda did not get some interest. Regular Meeting Alameda City Council 13 July 1, 2008 | CityCouncil/2008-07-01.pdf |