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Temple Terrace, Country Club agree on monthly payment date; council and club to streamline decades-old agreement
Summary
City of Temple Terrace officials and leaders of the Temple Terrace Country Club agreed at a workshop meeting to set a recurring monthly payment date — the 15th — for the club’s revenue share and to provide monthly financial statements, a step city leaders said will make budgeting and oversight easier.
City of Temple Terrace officials and leaders of the Temple Terrace Country Club agreed at a workshop meeting to set a recurring monthly payment date — the 15th — for the club’s revenue share and to provide monthly financial statements, a step city leaders said will make budgeting and oversight easier.
The agreement came during a March–April workshop between city officials and club board members. Mayor (name not specified) opened the discussion saying, “we would like to establish a day of the month when the payment is due for the previous month,” and asked the club to pick a date that would work each month. Ken Bowles, assistant treasurer of the Temple Terrace Country Club, said the club could meet that schedule and noted the financial statements typically lag one month because he prepares them in his spare time. Bowles told the council, “We have paid all that up through February.”
Why it matters: the city and the club have a multi-decade written relationship that has been amended many times. City officials said the existing documents are lengthy and difficult to interpret; council members and club leaders agreed to pursue a single, streamlined agreement that reflects current practice. Mayor (name not specified) described the current file as “like War and Peace” and said the goal is not to change the substance but to produce a clear, consolidated document that a “mere mortal can pick up and understand.”
Details of the payment arrangement and finances
City and club participants discussed how the revenue-share calculation is defined and which revenue streams are included. The club confirmed the payment percentage is based on golf-related revenue (dues, outside play,…
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