SFGTV: San Francisco Government Television
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Oct 13, 2010
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basically it should,, the revenues exceed the tpc's budget by -- should the revenues exceed the tpc's budget for their portion of the course budget, they would receive 25% of that surplus with the department receiving the additional 75%. and then additionally there would be a second incentive fee that would be equal to any -- to 25% of any positive net operating revenue for the entire golf course budget and again, that the department would receive the other 75%. of the budget. i think this is one of the most important lessons we learned. currently, the incentive fee is calculated as kemper receives 6% of all operating revenues above $6 million. and so that's not necessarily tied to their performance, every time we would increase the fees for example which we have done on a few occasions over the last seven years, they reaped the benefit of that. so we thought by calculating the performance -- the incentive fee in this manner it more closely tied their incentive fee with their performance. under the terms of the agreement the tpc will be responsible for supervision of all golf activiti
basically it should,, the revenues exceed the tpc's budget by -- should the revenues exceed the tpc's budget for their portion of the course budget, they would receive 25% of that surplus with the department receiving the additional 75%. and then additionally there would be a second incentive fee that would be equal to any -- to 25% of any positive net operating revenue for the entire golf course budget and again, that the department would receive the other 75%. of the budget. i think this is...
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Oct 10, 2010
10/10
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. >> third round of the senior player's championship at tpc in poea -- potomac. o'meara's birdie on 9. to the 12th, o'meara now in a tie at 5 under. not for long. he trains the birdie to retake the lead. o'meara is the leader into tomorrow's final round. >>> d.c. united in action, the earthquakes lead 1-0. out to bobby convey and he crosses. the ball batted away and chris there for his second goal of the game. d.c. uniteed falls 2-0 and setting a club record in a single season at 6, no one and 3. >>> coming up next, and off the wall, wisdom martin what, do we have? the theme is change. >> yes. >> randy moss changing teams and we're going to talk about the wizards. >> yeah. >> and we have the names. you can't miss it. >> can't wait to hear it. i have a doozy for you next. >> welcome to -- [ indiscernible ] >> missed it. >> what sea you this week? what do we have to talk about? >> okay. >> and starting off with football. >> let's go. >> and how about randy moss this week? and -- to the vikings. i ask you, wisdom martin, and why? >> he was young. yes. >> and did
. >> third round of the senior player's championship at tpc in poea -- potomac. o'meara's birdie on 9. to the 12th, o'meara now in a tie at 5 under. not for long. he trains the birdie to retake the lead. o'meara is the leader into tomorrow's final round. >>> d.c. united in action, the earthquakes lead 1-0. out to bobby convey and he crosses. the ball batted away and chris there for his second goal of the game. d.c. uniteed falls 2-0 and setting a club record in a single season at...
SFGTV: San Francisco Government Television
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Oct 13, 2010
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supervisor avalos: now we are saying that we're taking one strand and moving it directly to tpc. >> i know that this issue has been raised, but this is the model for how a golf course construction happens. the person giving the lesson with a certain skill set, then another percentage goes back to the golf course. if you look not only a hours but public and private golf courses across the country, you will see very similar relationships. there's nothing unique here. supervisor avalos: the question is, this is a resolution. we have a funding ordinance that talks about how the fees might be used, do we need to make an amendment to the funding ordinance? i am hearing no. ok. next question is around and related to the golf courses on puc land, correct? >> they are part of the watershed, but they are our property and we have an agreement to provide recreational activity and that property. -- on that property. supervisor avalos: it is puc property? >> in 1950 the board of supervisors passed a resolution authorizing the parks department to permit or allow recreational activity on these proper
supervisor avalos: now we are saying that we're taking one strand and moving it directly to tpc. >> i know that this issue has been raised, but this is the model for how a golf course construction happens. the person giving the lesson with a certain skill set, then another percentage goes back to the golf course. if you look not only a hours but public and private golf courses across the country, you will see very similar relationships. there's nothing unique here. supervisor avalos: the...
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Oct 7, 2010
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. >>> you know the best kept secret in sports this week is going on at tpc potamac. the course underwent a complete make over and tomorrow will host the senior's championship. the last major of the season. former nats pitcher and pirate pitcher joe hammerman was on the right. our pro three-time us open champ hal erwin, 45 tore champion victories on his belt. he chose never to look at my swing. i don't know why. in fact he often had to lie down when he teed off. not just me, joe henrehan as well. your thoughts on spending the afternoon together. >> five ryder cups, would you say this has to be the highlight of your career? [laughter] >> you can be honest. >> i can clear my throat, yeah. it's a highlight. let me think what's high about it. craig told me he's won three us opens but playing with us is one of the biggest highlights of his life. >> what'd you expect? that's about right. us open, playing with joel, me and you, that's pretty good. >> do you buy that, joel? >> he's human. who wouldn't want to come out and play golf with us. >> check out fred couples and fred
. >>> you know the best kept secret in sports this week is going on at tpc potamac. the course underwent a complete make over and tomorrow will host the senior's championship. the last major of the season. former nats pitcher and pirate pitcher joe hammerman was on the right. our pro three-time us open champ hal erwin, 45 tore champion victories on his belt. he chose never to look at my swing. i don't know why. in fact he often had to lie down when he teed off. not just me, joe...
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look no if you are than tpc. recently hosting the first tournament since its face sxlift it is a good one. name lake tom watson, mark o'meara and to kite going to be there. and better, fairer, tougher and everybody likes it. including the players. that is the important thing out there. morning with his tee shot from 194 yards out. this is what i like to call tasty cake. about 194 yards away. now six inches. sets up his third straight birdie. one shot back. fred funke, the former golf coach. byrd is the word. he is two over after the first round. the leader, this man. tom from just off the fringe on 16. he rolls this in for par and he has a one-stroke lead after the first round of the senior players championship out there. admission is free for everybody. just go check it out. >> a nice day to be outside on the golf course. >>> coming up, doctors are i'm bob ehrlh. i'm not the kind of guy who likes to hang on the sidelines. today maryland's in trouble. we're worse off than we were four years ago. ngerous debt, hig
look no if you are than tpc. recently hosting the first tournament since its face sxlift it is a good one. name lake tom watson, mark o'meara and to kite going to be there. and better, fairer, tougher and everybody likes it. including the players. that is the important thing out there. morning with his tee shot from 194 yards out. this is what i like to call tasty cake. about 194 yards away. now six inches. sets up his third straight birdie. one shot back. fred funke, the former golf coach....