The Middletown, Ohio city council approved the $1.6 million sale of the golf course property, which will net the city $95,000. Myron Bowling from Bowling Auctioneers said the city would be responsible for the $502,644 that is owed on the golf cart lease, and the city will also pay off the $750,000 it owes in bond debt and the $80,000 realtor commission.
City council voted February 4 to sell Weatherwax Golf Club in Middletown, Ohio to an auctioneer for $1.6 million in a deal that will net the city $95,000, the Hamilton (Ohio)-based Journal-News reported.
Myron Bowling from Bowling Auctioneers offered $1.6 million for Weatherwax, but said the city would be responsible for the $502,644 that is owed on the golf cart lease. Once that is paid, Bowling will take ownership of the golf carts, the Journal-News reported.
The city will pay off the $750,000 it owes in bond debt and the $80,000 Realtor commission, city officials said. Bowling also asked the city to pay the $30,000 to remove the diesel tanks that are located on the grounds of the golf course, the Journal-News reported.
Two other interested parties made bids to the city on the 36-hole course located in Madison Twp. Howard Jackson offered $225,000; Michael LeMaster offered $800,000; however, his bid was received about 90 minutes after bids were due, the Journal-News reported.