Revelstoke Golf Club asks for rent forgiveness

Revelstoke Golf Club asks city to forgive outstanding rent, draft rent-free lease going forward.

Revelstoke city council is being asked to forgive all rent money owed to the city by the Revelstoke Golf Club, and to draft a new lease that eliminates the club’s rent.

A report to council from city finance director Graham Inglis recommends that “all outstanding rent, accrued interest and applicable taxes owed by the golf club to the City of Revelstoke be written off,” and that “staff be directed to draft a new lease with the golf club that eliminates any future rental obligations.”

The Revelstoke Golf Club leases the golf course from the city for an annual amount, however Inglis’ report shows the club has not paid rent for the past three years and owes the city about $43,000, including taxes and interest.

The golf club made the news in December after asking for direct city funding as part of the parks, recreation and culture budget. The club has been working hard to turnaround its finances after a series of losses in recent years.

The request was discussed at the closed-door portion of the Dec. 22 meeting of council.

According to a Dec. 22 report by Inglis to council that has now been made public, the golf club entered into a five year lease with the city starting Nov. 1, 2012.

Under the lease, the club would pay a lease equal to two per cent of gross revenues in the first two years, three per cent in the third year, and five per cent in the third and fourth years of the lease.

The club owes the city $35,858 in rent, not including taxes. Writing off the unpaid rent would impact the city’s bottom line, wrote Inglis.

“The city budgeted a general operating surplus for 2014  of $51,277. A write off of the club’s rent would reduce this budgeted surplus to $15,419.”

The write-off would be the equivalent of raising property taxes by 0.4 per cent, the report states.

The 2015 draft financial plan doesn’t include any rent from the golf club.

The report will be discussed at the Tuesday, Feb. 24, meeting of council.

Just Posted

What is wilderness?

A few years ago I asked a question on my Facebook page,… Continue reading

Glimpses of our past for Feb. 20

125 Years Ago: Kootenay Star, Feb. 24, 1894 A concert entertainment was… Continue reading

Stoked on Science: Deep in the Polar Vortex

Jade Harvey Special to the Review Sounds like science fiction doesn’t it?… Continue reading

Okanagan film industry brings in $32 million

Business is brisk in the Okanagan

Mermen calendar targets ‘toxic masculinity,’ raises big money for charities

Newfoundland and Labrador Beard and Moustache Club gave a cheque for more than $202,000 to Violence Prevention NL

‘Our entire municipality is heartbroken’: Seven children die in Halifax house fire

A man and woman remained in hospital Tuesday afternoon, the man with life-threatening injuries

Bad weather halts search for missing B.C. snowshoer until at least Wednesday

The rescuers were able to rescue the missing man’s friend

Minister says plans to fight poverty, climate change, focus of B.C. budget

The NDP said in its throne speech last week that affordability will be the hallmark of its initiatives

UPDATED: ‘Violent’ B.C. man back in custody after Alberta arrest

Prince George man with ties to Vernon was being sought by police

After a week away, SNC-Lavalin questions await MPs returning to Parliament

Two have resigned already: Jody Wilson-Raybould was veterans affairs minister and Gerald Butts was Trudeau’s principal secretary

‘How did we get here?’: B.C. mom of transplant recipient worries about measles outbreaks

Addison, 7, cannot get a live vaccine because she has a heart transplant

Poverty coalition has high hopes for B.C. poverty reduction strategy

Funding allocation expected to be released with 2019 budget

Chanel: Iconic couturier Karl Lagerfeld has died

He spent virtually his entire career at luxury labels catering to the very wealthy

Most Read