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.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Nine new COVID-19 cases announced in Interior Health region

The total number of cases since the pandemic started is now at 531 for the region

Revelstoke Chamber of Commerce celebrates 125 years

The organization has outlasted 16 Canadian prime ministers

Revelstoke Grizzlies need homes for players

The hockey season is scheduled to start in November

PHOTOS: Celebrating art and community during a pandemic

LUNA RE-IMAGINED took place in the back alleys of Revelstoke Sept. 25-27

Okanagan College names two new board members

Andrea Alexander and JoAnn Fowler have been appointed for one-year terms to the board

Weekend sees 267 cases, 3 deaths in B.C.; Dr. Henry says events leading to COVID spread

There are currently 1,302 active cases in B.C., while 3,372 people are under public health monitoring

Lightning strike: Tampa Bay blanks Dallas 2-0 to win Stanley Cup

Hedman wins Conn Smythe Trophy as playoff MVP

Motorcycle rider identified following fatal crash in Peachland

Michael Odenbach died in a motorcycle collision on Sept. 27

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Liberals seek to fast track new COVID-19 aid bill after CERB expires

Government secured NDP support for legislation by hiking amount of benefits by $100 to $500 per week

B.C. VOTES 2020: Echoes of HST in B.C. debate over sales tax

Cannabis, tobacco, luxury cars still taxed in B.C. Liberal plan

Shuswap BC SPCA launches spay/neuter program for low-income residents

Program available to low-income residents in the region

More victims possible in Okanagan assault case

Vernon police have a man in custody but feel there could be more victims in the case

Most Read