DEAL FOR EAGLECREST CONFIRMED
It has been confirmed that Mr Paul Kim has resolved the issues that were impeding his purchase of Eaglecrest and now has a solid deal in place. We are expecting a full announcement of his plans in the next day or two but expect the purchase to close on Feb 28th and the golf course to reopen on March 15th. We are very pleased with the outcome and hope the community will provide the necessary support to make this a successful venture.
Jim Collie
Tuesday, January 23, 2007
Friday, January 19, 2007
KIM'S STILL WANT EAGLECREST
In a conversation and email from Paul Kim, since our last posting on this site, it is apparent that he remains very interested in purchasing Eaglecrest.
He has acknowledged that there have been many emails and faxes since the meeting and has responded favourably to suggestions of a special senior category and non-golfer support of the club.
Although he has kept in contact, he has been away since the information meeting on Jan 4th but returns on Jan 20th. and advises that he will need some time to work out the financial details.
He has committed to further meetings on some of the membership issues once he has a solid deal with the Operating Engineers.
A further positive development is that the course is still being maintained. Chemicals were observed being applied to the greens on Friday Jan 19th
Jim Collie
He has acknowledged that there have been many emails and faxes since the meeting and has responded favourably to suggestions of a special senior category and non-golfer support of the club.
Although he has kept in contact, he has been away since the information meeting on Jan 4th but returns on Jan 20th. and advises that he will need some time to work out the financial details.
He has committed to further meetings on some of the membership issues once he has a solid deal with the Operating Engineers.
A further positive development is that the course is still being maintained. Chemicals were observed being applied to the greens on Friday Jan 19th
Jim Collie
Thursday, January 11, 2007
Kim's Decision Up in the Air
The Kim purchase agreement with the Engineers Pension fund required that they remove their subjects by Jan 10, 2007. We were advised by Mr Paul Kim on Jan 10th that they still have outstanding issues regarding the purchase and that the Pension Fund was unwilling to extend the date for removal of subjects. Paul Kim is still expressing an interest in the purchase but was unwilling to remove his subjects by the due date.
He has requested that any individuals that were planning on joining the golf club as a member but have not yet communicated this to him yet to e-mail him at pkim1977@yahoo.com.
He has also stated that if the sale eventually goes through he would create a special membership category which would address the concerns of the more senior players.
We will continue to keep you advised of any further developments as they occur.
Jim Collie
He has requested that any individuals that were planning on joining the golf club as a member but have not yet communicated this to him yet to e-mail him at pkim1977@yahoo.com.
He has also stated that if the sale eventually goes through he would create a special membership category which would address the concerns of the more senior players.
We will continue to keep you advised of any further developments as they occur.
Jim Collie
Saturday, January 6, 2007
Attention all Golfers
Golfers May Spell End of Eaglecrest
The initial results of the survey from the Kim public information meeting show that the vast majority of those attending supported the proposal for new clubhouse and the development required.
Unfortunately of the 500 or so attending less than 125 indicated that they would join the club. This may lead to the Kims walking away from the deal.
I find it hard to understand how any golfer living on the course would not be interested. The initiation fee would be more than offset by the golf course maintaining their property value. Those not living on the course would still obtain inexpensive golf even if they only golf another 4 years. The average cost per round, at an average 100 rounds per year, works out to $28 about half the average green fee and continues to go down the more years you play.
If there are golfers out there that have not responded through the questionnaire or otherwise, I strongly suggest you email your intention to Paul Kim at pkim1977@yahoo.com before Jan 9th.
Its now up to the golfers to "Save Eaglecrest"
Jim Collie
The initial results of the survey from the Kim public information meeting show that the vast majority of those attending supported the proposal for new clubhouse and the development required.
Unfortunately of the 500 or so attending less than 125 indicated that they would join the club. This may lead to the Kims walking away from the deal.
I find it hard to understand how any golfer living on the course would not be interested. The initiation fee would be more than offset by the golf course maintaining their property value. Those not living on the course would still obtain inexpensive golf even if they only golf another 4 years. The average cost per round, at an average 100 rounds per year, works out to $28 about half the average green fee and continues to go down the more years you play.
If there are golfers out there that have not responded through the questionnaire or otherwise, I strongly suggest you email your intention to Paul Kim at pkim1977@yahoo.com before Jan 9th.
Its now up to the golfers to "Save Eaglecrest"
Jim Collie
Friday, January 5, 2007
Information Meeting, January 4,2007
Mr Paul Kim at a Public Information Meeting presented his proposal which he felt necessary if Eaglecrest Golf Course is to be a viable business. The highlights of the presentation are as follow:
- All the existing buildings will be demolished
- A new 5000 sq ft clubhouse will be built
- There will be 11 lots developed for private residences and 4 condos on top of the new clubhouse.
- The 1st hole will be reduced by 50yds making it a par 4 and the 18th will be extended by approx making it a par 5. Total length of the course to increase from 6300 to 6450.
- The new parking lots will all be paved.
- Private carts will continue to be allowed and storage space for them will be made available.
- Membership initiation fees will be as follow:
Up until Mar 1, 2007 Single $4000
Couple $7000
After Mar 1, 2007 Single $4500
Couple $7500
Guarantee that if he sells course the membership will be assumed by the new owner or he will refund initiation in full.
Annual Playing Fees Single $1800
Couple $3500
- As part of rezoning agreement the Kims have agreed to enter into covenents which guarantee the new golf course remains a golf course in perpetuity.
- There will be a practise putting green but no driving range and likely no practice chipping or sand.
The meeting was conducted to measure the support of the community for the proposal which requires zoning changes and to get a feel for how many in attendance would join the club given this information. A questionnare was distributed at the meeting and it is hoped through this e'mail that further input can be received. If you are in favour of his proposal, please Email Mr. Kim and voice your support. Email to pkim1977@yahoo.com, or fax:(604)541-3609
He must receive these no later than Jan 9th as his due diligence expires on Jan 10th, 2007. Please act on this right away as his decision will be based to a great degree on our input.
Many thanks,
Jim Collie
No virus found in this incoming message.Checked by AVG Free Edition.Version: 7.5.432 / Virus Database: 268.16.3/614 - Release
- All the existing buildings will be demolished
- A new 5000 sq ft clubhouse will be built
- There will be 11 lots developed for private residences and 4 condos on top of the new clubhouse.
- The 1st hole will be reduced by 50yds making it a par 4 and the 18th will be extended by approx making it a par 5. Total length of the course to increase from 6300 to 6450.
- The new parking lots will all be paved.
- Private carts will continue to be allowed and storage space for them will be made available.
- Membership initiation fees will be as follow:
Up until Mar 1, 2007 Single $4000
Couple $7000
After Mar 1, 2007 Single $4500
Couple $7500
Guarantee that if he sells course the membership will be assumed by the new owner or he will refund initiation in full.
Annual Playing Fees Single $1800
Couple $3500
- As part of rezoning agreement the Kims have agreed to enter into covenents which guarantee the new golf course remains a golf course in perpetuity.
- There will be a practise putting green but no driving range and likely no practice chipping or sand.
The meeting was conducted to measure the support of the community for the proposal which requires zoning changes and to get a feel for how many in attendance would join the club given this information. A questionnare was distributed at the meeting and it is hoped through this e'mail that further input can be received. If you are in favour of his proposal, please Email Mr. Kim and voice your support. Email to pkim1977@yahoo.com, or fax:(604)541-3609
He must receive these no later than Jan 9th as his due diligence expires on Jan 10th, 2007. Please act on this right away as his decision will be based to a great degree on our input.
Many thanks,
Jim Collie
No virus found in this incoming message.Checked by AVG Free Edition.Version: 7.5.432 / Virus Database: 268.16.3/614 - Release
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