[Goldwingnut]

Originally Posted by Rainger99

The recreation facilities to be purchased include five executive golf courses, 28 swimming pools, recreation centers, pitch and putt courses, softball fields and dog parks.

I understand that the amenity fees will then be paid to the buyer. But how much is that worth?

The buyer gets a steady stream of income but are the golf courses, pools, and rec centers profitable? I was under the impression that in a good year they might break even.

Would anyone want to buy it?

Would a private company be allowed to place a bid? ?

The pools, golf courses, and rec centers are not profit centers so they cannot be determined to be profitable. If one looks at the entire entity of the amenities purchased, amenity fee revenues, and costs involved, the answer based on the 2016 purchase would be yes. The 2016 purchase revenues cover all operating and maintenance costs, the cost to pay the annual bond payments, and additional funds are added to capital reserves and the Repair and Replacement funds. One could consider the last two items the "profits", but then these are not being purchased as profit center for the SLCDD. It would not be unreasonable to assume the amenities that directly service CDD 12 & 13 are similar in financial position, but he PFM consulting firm will is being tasked with identifying these issues and to determine the sale price.