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10/21/2004-4B-Minutes-RegularMINUTES: 4B CORPORATION Thursday, OCTOBER 21, 2004 PRESENT: Nel Armstrong, Beverly Branch, Mike Lawler, Glenn Ervin ABSENT: Steve Hollingsworth, John Payne. OTHERS PRESENT: City Manager Jack Smith, City Secretary/Assistant City Manager Rose Chavez. 1. Nel Armstrong Called Meeting to Order. 2. a) b) Approve Minutes: Disbursements CONSENT AGENDA September 13, 2003 Glenn Ervin made the motion to approve the Consent Agenda, Beverly Branch seconded. Motion carried unanimously. 3. Citizen's Input None. 4. Discussion Regarding Funding a Feasability Study for Proposed Golf Course. Jack addressed this item and advised that the City bas been offered 140-150 acres on Joe Falls property to build a golf course. The benefit to the developer is bis lots will go up in price. The benefit to the City is that 30-32 thousand rounds of golf a year. Joe Falls can commit the land in writing they need to conduct a feasability study. The study will indicate which golf course is feasible to do and bow many rounds of golf and cost per round. Steve Fannin and Associates, is a firm that can conduct the study. They can provide cost to operate and to build. Nel Armstrong expressed concerns as to spending the money then the project does not become a reality Discussion followed. The Board concluded by indicating that City Council needed to discuss this item before 4B could approve it. 5. Adjournment. Approved