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Fiscal Court votes to extend management term for county golf course to 10 years
Summary
After discussion about the manager'manager's multi-million-dollar investment and lease-payment terms, the court approved modifying the management agreement for GCM Group LLC to add a new 10-year term with renewable 10-year extensions.
The Pike County Fiscal Court voted to modify the management agreement with GCM Group LLC, extending the contract with an additional 10-year term and alternate 10-year renewals after a period of discussion about the operator's investments and county obligations.
Court members debated whether to change the existing five-year automatic renewal structure to a 10-year automatic renewal or to add an additional 10-year…
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