The city will purchase the 310-acre golf course in January to prevent the land from being redeveloped for residential use. To fund the purchase, which will include an additional $465,000 for owner The Golf Group to cover various expenses of the sale, the city will raise stormwater fees on property owners, at an average of $3 a month.
The city of Oviedo, Fla., will purchase the struggling Twin Rivers Golf Club for $5 million as a way of preventing the land from being turned into a residential development, the Orlando Sentinel reported.
The sale of the 310-acre course will take place in January, and city officials have also agreed to pay the property owner an additional $465,000 to cover various expenses in the sale. To fund the purchase, the city will raise stormwater fees—an average of $3 a month—on property owners, the Sentinel reported.
Mayor Dominic Persampiere said Oviedo will continue operating Twin Rivers as a golf course. “We’re looking for a strategic partner to join us in that endeavor,” Persampiere said. “We just want to preserve that property and not see it turn into homes.”
Earlier this year, city leaders looked into swapping a 52-acre city-owned property with the golf course owner for the Twin Rivers land. But city officials discovered last month that the city land had to be used for public recreation because it was purchased in 2003 with state grant money. And The Golf Group, which owns Twin Rivers, was looking to use that city property for new homes, the Sentinel reported.
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