Survey Explanation (Page 2) The three survey questions are:
1. Are you in favor of additional marinas? Yes ___ No ___
2. Are you in favor of an additional swimming pool? Yes ___ No ___
3.
Which Bar-K Recreation Center Plan do you most favor?
Pavilion Only ___ Pavilion/Restaurant (open to public) ___
Pavilion/Multipurpose ___
Bar-K Recreation Center Restoration Plan
The LRPC survey
taken in 2007 did not
ask "What should be done in the event that the Bar-K flooded?" Restoring
it to its original condition in the flood plain is not an
acceptable option. After several months the Association is considering
three options that will occupy the Bar-K foot print.
To make an informed choice please consider the following information:
Pavilion Only
| Pros | Cons | Click to enlarge - Cost $100K to $300K
- Simple but elegant
- Flood proof
- Operations and maintenance costs minimized
- Office space out of flood plain
|
- Meeting space lost
- Limited use
- Weather constraints
- Financing required
|
Pavilion/Restaurant (Open to public)
| Pros | Cons | Click to enlarge - Fully
funded by developer. Initial out of pocket cost to Association $0.00.
Developer has long term lease back option until investment recovered
and then a positive cash flow to the Association.
- Office space
- Commercial Kitchen
- Available for large parties, wedding receptions and meetings
- Third floor is large deck above trees - panaorama view of lake
- Association holds the note and owns the amenity
| - Cost estimated at $750K
- Restaurant is open to public/non-members
- If developer defaults, Association left holding the note
- Requires feasibility study that could delay project with no guarantee that developer can go forward
|
Pavilion/Multipurpose
| Pros | Cons | - Owned by Association outright
- Members Only
- Office space
- Available for large parties, wedding receptions and meetings
| - Cost estimated at $500 - 750K
- Currently very little demand for additional space
- Financing required
|
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