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Prescott City Council <br /> Regular Voting Meeting Page 10 <br /> April 8, 2014 <br /> He said the incentive structure in the contract is one of the most unique they have <br /> amongst 70 municipalities, but also makes the most sense. He said the Mayor had a lot <br /> of input on the restaurant side, where BCG has to participate on the cost of sales. He <br /> gave a brief PowerPoint of Billy Casper Golf. <br /> Councilman Arnold asked if the liquor liability fell under "products" on the insurance <br /> schedule. Councilwoman Wilcox said she is happy with the revised contract. Mayor Pro <br /> Tem Lamerson said he cared about the employees, and he appreciated their sensitivity <br /> to the employees. Councilman Lazzell said he was happy with the selection. <br /> Councilman Kuknyo, said this is a campaign promise that is happening. He noted that <br /> the City is counting on BCG. Councilman Blair said that the City's employees are <br /> special and felt they would be relieved that BCG would be running the golf course. <br /> Mayor Kuykendall asked about the debt and how the City is going to account for that. <br /> Craig McConnell, City Manager, said the debt would stay on the books as a reminder <br /> and incentive for the partnership to do a better job. <br /> COUNCILMAN ARNOLD MOVED TO APPROVE CITY CONTRACT NO. 2014-165 <br /> FOR MANAGEMENT OF THE BUSINESS OPERATIONS OF ANTELOPE HILLS <br /> GOLF COURSE; SECONDED BY COUNCILMAN KUKYNO; PASSED <br /> UNANIMOUSLY. <br /> M. Adoption of Resolution No. 4222-1431 amending the Third Supplement to <br /> the Trust Indenture related to the Municipal Property Corporation Bond <br /> Series 2011 for retirement of golf-cart debt (Golf Course Enterprise Fund) <br /> Mark Woodfill, Finance Director, presented, saying the MPC 2011 Bond was used in <br /> part to purchase golf carts used at Antelope Hills Golf Course. The IRS does not allow <br /> the use of tax-exempt financing, such as the MPC 2011 Bond, to be used to purchase <br /> assets that will be provided to a third party for-profit business to operate. <br /> COUNCILMAN ARNOLD MOVED TO ADOPT RESOLUTION NO. 4222-1431; <br /> SECONDED BY COUNCILWOMAN WILCOX; PASSED UNANIMOUSLY. <br /> II. ADJOURNMENT <br /> There being no further business to be discussed, the Regular Voting Meeting of April 8, <br /> 2014, adjourned at 5:14 P.M. <br /> MARLIN D. KUYKENDALL, Mayor <br />