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If a study detemines. a second golf course to be financially feasib14 ind nothing is done for several years, the results of that study may no longer be valid. The acquison of the two homes and land which consistsof approximately 4 acres is an objective which should be retained. This should be a high priority whether its realization is short or long term, A feasibility study at this time may result negative recommendation for a second golf course, but may not be the result of a study 5 or 10 years in the future. The major consideration at this time is the question of the two homes. The possibility of a voluntary sale by the owners has not been pursuedl- or authorized by the City Council,, If the possibility of a second gol course is now being advancedin time, a determination should now be madl is to the availability of the property (2 homes with 4 acres). 0 103=6= It is recommended that consideration of the above request be deferred until the "availability" status of said property can be determined. 0 a A Langton Lake Property Acquisiti 5 on. The Committee is recommending that the ncil begin negotiations with We owner to acquire said property on a life estate basi's "using '$100.000 which has been set aside as the City's share of acquisition funds". In 1979, the City submitted two grant applications for state and federa�. funds for the following purposes: a 0 0 * One application was to finance the acquisition of property adjacent to Langton Lake (Hebe parcel $127,500 and Hyman parce $25,500) of an estimated total cost of $153,000. Local match was to be provided from City funds. I 2. One application was to finance improvements in Central Park for an estimated total cost of $200,000k, Local match was to be pro- vided from Central Park Foundation funds and City funds depending upon the amount of the grant award, The City has been recently advised that both applications were denied. As the Council recalls the City had levied nearly $100,000 to provide a local match to a 50% state grant to acquire the Zuetel property on Chatsworth Street, Total estimated cost of this property was nearly $200,000. The Council ultimately decided not to acquire the property and the state grant was returned to the State, Therefore, $100,000 was available for other purposes. Subsequently, additional funds were needed for the Ice Arena improvements and the Councle author'ized $45,000 of the "Chatsworth" money to be used for those improve-1 ments. This left a balance of $55,000,