Temple Terrace and Country Club agree on monthly payment date; discuss streamlined contract and oversight

The City of Temple Terrace and leaders of the Temple Terrace Country Club agreed at a city workshop to set a recurring monthly payment date and a schedule for financial reports, and discussed revising the decades-old written agreement that governs the city–club relationship.

In the workshop, the club’s president, Jane Chafer, said, “It is our position that the club is in solid financial condition, is, not, is able to meet their obligations, financially, and, for the most part have done so, and have cleaned up a lot of things off the books.” Assistant treasurer Ken Bowles told the council the club could meet a fixed payment schedule: “we don't have any problem at all setting a date, establishing a date each month for us to send the payment to you and drop it off.” City leaders agreed the 15th of each month will be the payment date and that, on that schedule, the club will provide the prior month’s financial statements.

Why it matters: the city and the club share a long, interwoven financial and property relationship that includes a city-held loan and a property lease. City officials said clearer, consistent reporting will help forecasting and public accountability, while club leaders said the course’s revenue has stabilized and paperwork has been cleaned up.

Workshop details and agreement

Council members and club officers spent most of the meeting on three main points: (1) a recurring monthly payment day and timing for financial statements, (2)…