8F Consent 2007 1217 - Laserfiche WebLink

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Proposed Fee Increase for Tony Lema Golf Course Tony Lema Course Current Proposed Increase Weekday 18 holes $27 $29 $2 Senior Weekday 18 holes $20 $22 $2 Weekday twilight $20 $20 n/c Junior weekday $ 1 $ 1 n/c Weekend 18 holes $35 $39 $4 Weekend twilight $25 $25 n/c Marina Course Current Proposed Increase Weekday 9 holes $11 $11 n/c Junior weekday $ 1 $ 1 n/c Weekend 9 holes $14 $14 n/c Monthly Weekday Pas $50 $50 n/c Pass Surcharge $ 4 $ 4 n/c 2 As you can see, AGC is requesting a fee increase in 3 of the 11 resident rate categories that are available at Monarch Bay. Also, no rate changes are proposed for the Marina Course, where the majority of play is from seniors. AGC believes that increasing the rates on the other resident green fee categories could result in a decrease of rounds played at Monarch Bay. The percentage increases in the three categories range between 7.5% to 11.5% over a seven year period. This percentage increase is well below the past seven year's cumulative CPI of approximately 22%. AGC also believes these increases will not reduce the number of rounds played at Monarch. Below are resident rates that are being charged at comparable municipal courses in the Bay Area that are either newly built or have had extensive renovations undertaken over the past few years, similar to Monarch Bay: W!D W/D Sr. W/D W/E W/E 18 18 Twilight 18 Twilight Metropolitan (Oakland) $30 $30 $21 $55 $30 Poplar Creek (San Mateo) $28 $23 $24 $35 $29 Callippe Reserve (Dublin) $36 $26 $23 $52 $33 Palo Alto GC (Palo Alto) $36 $27 $30 $47 $41 Monarch Bay (proposed) $29 $22 $20 $39 $25 AGC maintains, and staff agrees, that the proposed rates for Monarch Bay remain very much a value as compared to the other comparable municipal courses in the Bay area. As mentioned earlier in this report, increasing the resident rates higher than proposed could mean a reduction of play on the Tony Lema Course.