Fiscal Note
The proposed resolution authorizes the City to enter into an agreement with Michael and Jocelyn Keiser and the Madison Parks Foundation for a donation of improvements to the Odana Hills Golf Course, and to enter into an agreement with the Madison Parks Foundation to construct the privately funded improvements. The estimated value of the donated project planning, design, and construction is approximately $5,000,000. There is added value in the donation in having an accomplished golf course developer lead the work of design and construction. The City would accept ownership of the improvements at the completion of the project.
The Odana Hills Golf Course would close either fully or partially at the end of the 2026 season, remain closed while this work is completed through the 2027 season and reopen during the summer of 2028. No significant revenue losses are anticipated in 2026, as Monona Golf Course and The Glen Golf Park will operate later into the season. The Golf Enterprise Program would have effectively 36 holes of golf in operation in 2027 and early 2028, compared to 72 holes in 2025 and 54 holes for the majority of 2026. The closure will negatively impact net income for the Golf Program the during the project. The Parks Division anticipates a net operating loss of approximately $1M over the 2027 and 2028 seasons. The Golf Enterprise Fund has available reserves to accommodate this lost revenue during the reinvestment project. The Parks Division projects a return to a positive operating net income in 2029 and moving forward with a target operating net target margin of 7% annually. The Division will accommodate the project within its 2027 Operating Budget request.
The proposed Golf Course Improvement project completed under this agreement will be entirely funded through private donations. No additional appropriations are requested.
Title
Authorizing the Mayor and City Clerk to enter into a Donation and Improvement Agreement with the Madison...
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