City officials in Rochelle met in special session last night with representatives from the Flagg-Rochelle Community Park District as the discussion centered around the future of the golf course.
The golf course and restaurant owned by the Mershon family has been closed since late last year.
An intergovernmental agreement has been put together between the city and park district dealing with the over 73 acres of land. The price tag would be $800,000 which would be shared at $400,000 each for the city and park district for the property.
After 5 years, the park district has the opportunity to buy out the city. If they do not want the property, the city can purchase the additional land. If neither taxing body wants the golf course, the property will then be sold.
Gredco would also be involved in the facility lease agreement for the golf course and building. They may
sub-lease to an operator for the restaurant in the future. Gredco's lease would be for 3 years with an option after that period of time.
No final agreements have been approved by the council, park board, or Gredco at this time as the proposal was introduced to the public last night.
The council also met to approve a CDAP grant for Project Golden Prairie. The business is a 350,000 square foot manufacturing facility. The company will have parts that will be used by Nippon Sharyo involving their rail cars.
The CDAP grant is for an electric feeder line to serve the facility.