Golf Course Project FAQs

PROJECT COSTS /FUNDING

45. Will new members be participating in the cost of these improvements? Yes, new members will be participating in the cost of the project. There are a couple of methods to achieve this objective. One way would be utilizing debt as part of the project funding. Another method would be charging new members adjusted annual capital dues. The Board will make the final determination on the method to be used for new member participation. 46. What are we spending now to keep our irrigation system working? During the 2024 golf season we expect our materials costs to the irrigation system to be $45k which is up from $38k that we incurred 3 years ago. The labor costs that coincide with the material costs are $90k for a total of $135k in 2024. As we experience more failures, we expect this cost will begin to significantly increase. In addition to the direct costs, the increasing maintenance work requires more time of our golf maintenance crews, reducing time spent on normal work. If members do not support the required irrigation system work in the near future, we will need to replace the heads, controllers, wiring, and station control with a cost of $2MM. Those replacement costs would be lost when we replace the system as the parts will not be compatible. 47. At my current club we are redoing the bunkers, tees and irrigation and the cost is $10M, yet it looks like our cost is over $16M – why such a difference ? Every project is different, with a different scope, environmental conditions (weather & access points), and staging. Attempting to compare a project happening in 2024 with a project proposed for 2026/27 is not comparing apples to apples, it is comparing apples to oranges. 48. What is the increased cost estimate if we do the project over 2 years versus one? Based on the expertise of our golf course architect, Tim Jackson and irrigation designer, Brent Harvey, we were told that doing the project in two 9 and 9 segments could cost as much as 30% to 35% more than doing 18 holes at the same time. We will confirm this number through the RFP/bidding process. 49. Has there been an analysis of just completely shutting down and using the dues to pay for a portion of the work? It would seem to make more sense as I think most of the members will not be at the club. The cost of the project is not a finite number. If we shut down completely and there are no dues the assessment will need to go up to keep key employees and maintain the course. 51. Is there a plan to keep the golf course maintenance staff during the project? Would they work on the construction? Yes, the golf course maintenance team will need to stay completely intact. The golf course will continue to be maintained and kept up during the months that the course is closed. A tremendous amount of long-term damage can be done to a course in one year if it is not continued to be maintained with the common agronomic practices that are completed when the course is open. We would focus on making sure that the course stays in great condition so we do not have setbacks in 2028. 52. Could we not wait two or three years to build up a waiting list before we start planning for this? We don’t currently have a waiting list and don’t expect that one will build up given the number of new, high-end golf courses under development in the Park City market. 50. What is the rate of the contingency built in the cost? The rate of contingency is 7.5% of the project cost.

Glenwild Golf Course Project Plan FAQs | 14