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Bartlett approves purchase of Quail Ridge Golf Course and 10-year management deal
Summary
The Board of Mayor and Aldermen unanimously approved the city’s purchase of Quail Ridge Golf Course using an IDB TIF nonrecourse loan and selected Mallard Point Golf Management to operate the course under a proposed 10‑year agreement; officials said the move will preserve the property as a community golf facility.
The Board of Mayor and Aldermen voted unanimously to approve Resolution O6‑26 authorizing the city’s purchase of Quail Ridge Golf Course and a first amendment to the development agreement, funding the acquisition through an Industrial Development Board TIF nonrecourse loan.
Miss Trisha Adrian, attorney for the IDB, presented the resolution, saying the purchase would be executed via an assumption and amendment of the existing purchase and sale agreement and that the amendment and the development agreement provide the funds for the acquisition. "This is a…
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