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News: 10/01/2018

Golf update: Subsidy ruled out



Any Oakmont aid to the Oakmont Golf Club (OGC) will require getting something comparable in return, and the OVA (Oakmont Village Association) is not considering any direct subsidy to the club, OVA Vice President Tom Kendrick told the board Sept. 18.

Kendrick said a subcommittee involved in discussions with the OGC is looking at “transactions and partnerships” and “opportunities for direct voluntary support of OGC by OVA members.” Others on the subcommittee include Director Carolyn Bettencourt and Treasurer Elke Strunke.

Some areas under discussion include contracting for selected maintenance services and “cost sharing for projects such as for flood control and water management.” Some other possibilities have been ruled out, he said. “Transactions and partnerships under consideration are consistent with the principles many BOD [Board of Directors] members communicated during last spring’s election, that any financial contribution from the OVA to the OGC would provide in return concrete value of comparable worth to OVA members.”

Since last spring, the OGC has been making a pitch for financial assistance from the OVA, saying that it is doing OK financially now, but may need help if there are other bad revenue years like 2017, when the October wildfires shut down the courses.

Kendrick had a less rosy assessment, describing the overall financial picture as “not promising” and “a challenge.”

He said the number of rounds played is stable, but the “financial picture is not as positive.” He cited last year’s fires and a rainy winter.

Kendrick stressed “no direct OVA subsidy for OGC is being considered by the OVA BOD.” But, he said, “the issues are real, however, and must be addressed.”

Kendrick also said member residents will get an opportunity to directly support the OGC individually. “Details on this will be available soon. For those OVA members who are concerned about property values and Oakmont’s appearance, participating in this will provide some relatively inexpensive insurance.”

As discussions progress, Kendrick promised OVA will “communicate specific details. We want – and expect – to have spirited discussions prior to any OVA BOD decisions.”



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