2018-07-24 Spec Mtg ENCINITAS RANCH GOLF AUTHORITY
SPECIAL MEETING MINUTES
Encinitas Ranch Golf Course Clubhouse,
ENCINITAS 1275 Quail Gardens Drive, Encinitas, CA
TUESDAY, JULY 24, 2018 at 4:00 p.m.
CALL TO ORDER/ROLL CALL
Vice Chair Jacob called the meeting to order at 4:00 P.M.
Directors Present: Vice-Chair Cindy Jacob, Jennifer Campbell (Director of Parks and
Recreation), Chris Magdosku (City Engineer)
Absent: Chair Richard Houk, Karen Brust (City Manager)
Also Present: Erik Johnson (JC Resorts); Teresa McBroome (Finance Director) and Kathy
Hollywood (Board Secretary), City of Encinitas; Dick Stern, Encinitas Ranch
HOA
ORAL COMMUNICATION
There were no oral communications.
AGENDIZED BUSINESS ITEMS
1. Calculation of Estimated Excess Golf Course Net Revenues for Fiscal Year 2017-18.
Contact Person: City Director of Finance McBroome
RECOMMENDED ACTION: That the Board of Directors approve the allocation of
$13,813 to the Encinitas Ranch Golf Course contingency reserve, and approve payment of
$182,502 towards the golf course share of the Encinitas Ranch Community Facilities
District (CFD) No.1 special assessments from excess golf course net revenues for the
period of July 1, 2017 through June 30, 2018.
Director of Finance McBroome presented the staff report.
BOARD ACTION:
Campbell moved, Magdosku seconded to approve the allocation of $13,813 to the
Encinitas Ranch Golf Course contingency reserve, and approve payment of$182,502
towards the golf course share of the Encinitas Ranch Community Facilities District
(CFD) No.1 special assessments from excess golf course net revenues for the period
of July 1, 2017 through June 30, 2018. Motion carried. Ayes: Campbell, Jacob,
Magdosku. Nays: None. Absent: Brust, Houk. Abstain: None.
ADJOURNMENT
Vice Chair Jacob adjo reed the meeting at 4:06 p.m.
- AA/y.4 AT
Kathy Holl ood Cindy Jacob, Vic: `air
Board Secretary