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MANAGEMENT AGREEMENT
MANAGEMENT AGREEMENT THIS MANAGEMENT AGREEMENT, made and entered into this ----Cf day of mb2-.Y , 2010 , by and between the CITY OF CLEARWATER, Florida, a municipal corporation of the State of Florida, hereinafter called the "City", whose address is Post Office Box 4748, Clearwater, Florida 33758-4748, and THE CLEARWATER GOLF CLUB, LLC a Florida limited liability corporation, hereinafter called the "Club", whose address is 525 Betty Lane North, Clearwater, Florida 33755. WHEREAS, the City owns a golf course commonly known as the Clearwater Country Club for which it is currently seeking an interim manager; and WHEREAS, the principals of The Clearwater Golf Club, LLC, currently operate an established and successful golf course operation in the area of Clearwater, commonly known as the Brooker Creek Golf Club; and WHEREAS, the City has had a prior successful business relationship with the Club at another City-owned golf course; and WHEREAS, it is the intent of the City and Club to enter into a Management Agreement for the Clearwater Country Club premises as more particularly described herein. NOW THEREFORE, in consideration of the foregoing and the mutual covenants contained hereinafter, IT IS AGREED AS FOLLOWS: RECITALS 1. The foregoing recitals are true and correct and are incorporated herein by reference. MANAGEMENT TERM 2. The obligations and effectiveness of this Agreement is expressly contingent upon the vacation of the Facility (defined as follows) by the existing Lessee. That for and in consideration of the covenants to be kept and maintained by the parties hereto, the City does engage the Club to manage certain real property along with all associated improvements including but not limited to the "Clubhouse" and the "Pro Shop" buildings and facilities, said property located in the City of Clearwater, Florida, more particularly described in Exhibit "A" attached hereto and incorporated herein by reference (the "Golf Course" or "Facility"). The term of this Management Agreement shall be for a period of seven (7) months, commencing October 1, 2010 and ending April 30, 2011, unless sooner terminated by the provisions hereof. The Club, its agents, and employees or any other person having any rights or receiving any benefits from this Agreement shall not be considered employees of the City of Clearwater for any purpose whatsoever. AGREEMENT NOT ASSIGNABLE WITHOUT CONSENT 3. It is expressly agreed between the parties that this agreement shall not be assignable to any other person, firm or corporation without the express written consent of the City, which consent may be granted or denied in the sole discretion of said City. USE AS PUBLIC GOLF COURSE 4. It is understood between the parties that the real property, which is the subject of this agreement, will not be used in any manner other than as a public golf course facility. CLUB CONVENANTS KEEP AND MAINTAIN GOLF COURSE 5. The Club covenants that it will keep and maintain upon the real property an 18 hole golf course, together with incidental improvements and will use, occupy, manage and make available, as herein contemplated, such premises as a golf course and related facilities for pleasure, recreation and other purposes consistent with such golf course operation. During the term of the within agreement and any extensions thereof, such golf course shall be operated and the facilities shall be open for usage during the normal hours of operation of the same or similar facilities in the area; provided, however, that at reasonable times portions of such course and facilities may be closed for necessary repair and/or reconstruction and/or maintenance. AVAILABILITY OF GOLF TO THE PUBLIC; HONORING OF EXISTING GOLFING MEMBERSHIPS; OTHER GOLFING RULES AND RESTRICTIONS 6. Golf Course o Den to the Public. The Club, in its operation of the course shall, at all times, subject to reasonable rules and regulations common to other similar facilities in the area, make such course available to the public upon payment of reasonable green fees. The Club will, at all times, conduct its operation in such a manner as will be conducive to greens fee play and will undertake any and all reasonable acts to insure that the public is aware that such course is available for greens fee play and will make reasonable efforts to see that the prevailing atmosphere at the Club will be such that greens fee players will feel welcome to use the facility. 7. The City and the Club hereby recognize certain individual golfing and social memberships ("Existing Memberships") existing at the inception of this Agreement as entered into by the previous Lessee of the Golf Course. The Club shall honor the Existing Memberships for the duration of the Term only, in accordance with the terms and conditions as provided for in Exhibit "B" attached hereto. In addition, the Club, in the course of its operational and management control, will offer seasonal memberships for - the period starting October 1, 2010 and ending no later than April 30, 2011. Relevant rules and regulations regarding golf cart usage and Tee-Times are also provided for in Exhibit "B". Any other operational decisions shall be at the discretion of the Club z management. The provisions of this paragraph shall be a material part of this agreement. GREENS FEE PLAYERS CERTAIN RIGHTS AND OBLIGATIONS AS TO PUBLIC GOLFERS & The City recognizes the right of the Club to require greens fee players to comply with rules and regulations as prescribed for members. Failure of greens fee players to comply with established rules and regulations may, at the discretion of the Club management result in loss of playing privileges. Any complaints relating to play by greens fee players shall be referred to the City Contract Administrator for appropriate action. CLUB FACILITIES AVAILABLE TO GREENS FEE PLAYERS 9. The Club agrees to make the Clubhouse food, drink and restroom facilities available to greens fee players on the day of play to the same degree that such facilities are available to Club members. Greens fee players will be charged for food and beverages on the same basis as members are charged and shall be treated as a member for the day of play during the hours that the appropriate facilities are open. Nothing in this provision shall give any non-member use of the Club facilities for social events or entitle any such person to the use of the available facilities after the course has been closed for play. The Club agrees to make Clubhouse and facilities described herein available to the City for City sponsored events, based upon availability. USE AND CARE OF PREMISES 10. The Club covenants and agrees that it will, at all times, keep, maintain and operate such course and the facilities thereon, or in any way connected therewith, in a good and prudent manner to the end that such course shall be kept in good, playable condition. The Club agrees to keep and maintain reasonable standards and condition of the course generally in substantially the same condition as of the date of this agreement; that it will keep and maintain, in good repair, all permanent improvements, such as buildings, and water systems, including the making of necessary replacements and/or repairs even though the making of such repairs and improvements shall extend the life of such facility or facilities beyond the expressed date of this Agreement. At the inception of this Agreement, the Parties recognize certain repairs and improvements that shall be addressed as soon as practicable. CITY RESIDENT RATES 11. At all times during the term of this agreement, residents of the City of Clearwater shall be given a preferential daily green fee rate reduction of an amount equal to ten percent (10%) of the established green free then in force and effect. NO PERMANENT COURSE LAYOUT CHANGES WITHOUT WRITTEN CONSENT OF CITY 12. The Club covenants and agrees that no permanent change in the layout of the course shall be made except with the express written consent to the City. All duties of construction, repair, alteration or maintenance imposed by the within agreement are and shall be separate expenses of the Club and shall never directly or indirectly be chargeable to the City nor in any way be mechanic's or materialmen's lien or charge upon any lands. AGREEMENT MAY BE RECORDED TO PROTECT CITY AGAINST LIENS 13. This instrument may be recorded in the public records of Pinellas County, Florida, and all persons, firms or corporations whomsoever are called upon to take due notice of these limitations and the superior rights of the City herein. NO PERMANENT STRUCTURES TO BE REMOVED 14. No permanent structure, once constructed, shall be removed from the premises or materially altered except with written consent of the City which shall not be unreasonably withheld and all persons, firms or corporations are expressly called upon to take due notice of the requirements of this Agreement. CITY RESERVED RIGHT TO DRAINAGE, UTILITY LINES, ROADS, ETC. 15. The City reserves at all times during the term of this Agreement or any extension or renewal thereof the continuing right to utilize any portion of the subject premises for drainage, laying and maintaining utility lines or facilities, including roads, railroads, or other necessary rights of way, provided, nevertheless, the City shall use its best efforts to adopt such route or routes as will be reasonable and economically feasible to minimize interference with the purposes of this Agreement. BANKRUPTCY OR DEFAULT, CITY HAS OPTION TO TERMINATE 16. Should the Club hereinafter be adjudged bankrupt or become insolvent or in any other way be financially unable to keep the covenants of this Agreement, the City may at its option, terminate the Agreement, as though for breach of any other covenant and take immediate possession of the Premises. CLUB WILL PERFORM ITS OBLIGATIONS 17. The Club, in the performance of the covenants contained in this Agreement, shall at all times do or perform such acts or actions as shall be reasonably required by the context of this Agreement to fully perform its obligations hereunder, and shall, conversely, refrain from doing or permitting to be done any acts or actions which would cause waste to the Property (real or personal), jeopardize either its performance or ability to perform the covenants contained herein or the payment of profit-sharing as contemplated by the parties. GOLF COURSE AND PROPERTY MANAGEMENT TERMS 18. Facili and Personal Progerty Ownershi . The City shall at all times retain ownership of the Facility, including but not limited to real estate, fixtures, furniture, all personal property existing on the Premises as inventoried at the inception of this Agreement and 4 equipment ("City Property") as specified in Exhibit "C° (attached hereto) including any and all improvements made during the term of this Agreement. Club shall report to City Liaison any purchases of equipment expensed costing in excess of One Thousand Dollars ($1,000.00) and which have a useful life in excess of one year. Such items ("City Property") shall be tagged as fixed assets in accordance with, and as required by Florida law. The City retains the right, at all times, and upon expiration of this Agreement, to inventory all assets of the facility upon reasonable notice. In addition to its monthly operating report to the City, the Club shall notify the City of such purchases and any losses of City Property. The City Property shall remain the property of the City and shall be returned to the City when no longer needed for the operation of the Facility. 19. Club to secure and provide golf carts and lawn maintenance equigment. The Parties hereto expressly agree that it is the sole responsibility of the Club to secure and provide a fleet of golf carts sufficient for operations and lawn equipment sufficient for the appropriate maintenance levels of the Golf Course. 20. Facility Funding. The Facility shall be funded as follows. The Club shall pay all items of expense for the operation, maintenance, supervision and management of the facility from the funds generated by Facility operations revenue. Operating Profivincome is operating revenues less operating expenses. Operating revenues and expenses are those incurred in the normal operations of the Golf Course, for example, payroll, routine course maintenance and excluding by way of example, which is not necessarily exhaustive, investment earnings, interest expense or debt service, taxes, gains, or losses on capital asset dispositions and capital improvements. The Parties shall divide the Operating Profit fifty-fifty (50-50). Operating Profit is the excess of revenues over expenses derived from normal business operations. Operating Profit, representing income from ordinary business activities, excludes expenses, such as interest and taxes. Unusual nonrecurring items, (such as gains from the sale of a subsidiary or losses from closing of a plant) are not included in the calculation of Operating Profit. A Management Fee in the maximum amount of Ten Thousand Dollars ($10,000.00) per month may be disbursed as an operating expense if revenues permit, however, in no instance shall the City be obligated to pay such Management Fee. Other than as expressly provided for herein, in no instance shall the City incur expenses or provide a subsidy to the Club. In the case of operating losses, the Club shall pay for and absorb all losses. If in any instance, payment is demanded of the City or the City must make payment for operating expenses in order to preserve its Property, the City shall have the absolute right to recover such expenses from the Club, including all rights and remedies as provided by law. 21. Fiscal Responsibility/Reporting. The Club agrees to maintain separate and independent records in accordance with generally accepted accounting principles, devoted exclusively to the operations in connection with its management of the Facility. Such records shall contain all entries reflecting business operations of the Club under this Agreement. The City is authorized and shall have the right to audit and inspect such records from time to time during the Term, upon reasonable notice to the Club and during the Club's normal business hours. The Club agrees to provide the City, at the end of each operating month, starting November 1, 2010, financial reports on the accounts receivable, accounts payable, cash receipts and disbursements, statement of revenues and expenditures for such month, with applicable year to date. The Club agrees to provide the City, within sixty (60) days of the end of the term, a certified audit report by an external auditor approved by the City, of the accounts and records as kept by the Club as to Facility operations. 22. Capital Improvement Items. The City may establish a Capital Improvement Project Fund and may conduct repairs, refurbishment, restoration and replacement as determined by the City in its sole discretion, with the City providing the final determination as to such repairs, and within the restrictions of any applicable approved City budget. The Club shall submit certain Capital Improvement Project ("CIP") items for review and approval of the City with the intent of preserving the City Property, however, approval of such items shall be at the sole discretion of the City. 23. Profit-Sharing. The City and the Club shall divide any and all profits (Revenue minus Expenses as defined above) fifty-fifty (50-50). 24. Sales taxes, permits and licenses. The Club shall be responsible for the payment of all appropriate sales taxes to conduct activities on the Golf Course property. The Club shall be responsible for all permits and licenses necessary for conduct of the sales activities or any permission to conduct activities at the Facility, including health department or other regulatory agency approvals. Any violation of the licensing requirements, health requirements or any other requirements of any other regulatory or law enforcement agency shall be deemed sufficient cause to create a default hereunder, which default must be remedied within a reasonable time using all due diligence by the Club. In addition, Club shall pay to governmental agencies all applicable ad valorem taxes, usage fees, taxes of any kind or other charges or monetary impositions on the Golf Course Property and does hereby fully save and hold harmless and indemnify the City for the payment thereof. 25. Agreement Monitoring. Each Party shall appoint a contract administrator to which all applicable reporting shall be made, and who shall monitor the party's compliance with the terms of this Agreement. The Contract Administrators are as follows. Nancy Oakley City of Clearwater 100 Myrtle Street Clearwater, Florida 33756 Mr. Greg McClimans 525 N. Betty Lane Clearwater, Florida 33755 INSURANCE, INDEMNIFICATION AND HOLD HARMLESS 26. The Club agrees to indemnify and hold the City and its employees harmless from and against any and all claims, demands, and causes of action or lawsuits of whatever kind or character arising directly or indirectly from this agreement or the performance hereof. This indemnity clause includes, but is not limited to, claims, demands, and causes of action or lawsuits for damages or injuries to goods, wares, merchandise and property and for any bodily or personal injury or loss of life in, upon or about the property. This provision and the related obligations shall survive termination of this Agreement and 6 shall not be limited by the amount of any insurance required to be obtained or maintained under this Agreement. The City shall have the right, at its option, to participate in the control of any defense of any third party claim without relieving the Club of any of its obligations hereunder. The Club shall obtain at its own expense, and maintain during the term of this agreement, the insurance coverage set forth below: (1) Personal Property - The City shall not insure or self-insure loss to personal property of Club. Club understands that it is solely responsible for such losses regardless of cause. (2) Comprehensive General Liability - Coverage shall be afforded on a form no more restrictive that the latest edition of the Comprehensive General Liability policy filed by the Insurance Services Office and shall include: a. Minimum limits of $1,000,000.00 per occurrence combined single limits for bodily injury liability, personal injury, and property damage liability. b. Premises and Operation c. Independent Contractors d. Products or Completed Operations. e. Personal Injury Coverage with employees and contractual exclusions removed. f. Liquor Law Liability g. Goff carts or other golfing appurtenances, not owned by the Club but brought onto the property by others. (3) Business Auto Policy - Coverage shall be afforded on a form no more restrictive than the latest edition of the Business Auto Policy filed by the Insurance Services Office and shall include: a. Minimum limits of $1,000,000.00 per occurrence combined single limits for bodily injury liability and property damage liability. b. Coverage on all vehicles (owned, hired, and non-owned). (4) Workers Compensation - Coverage shall apply for all employees for statutory limits in compliance with the applicable State and Federal laws. In addition, the policy shall include employer's liability with a limit of $500,000.00 for each accident. Other Requirements: (1) The City shall be named as an additional insured on all insurance policies, as applicable, required under this agreement. (2) Copies of insurance certificates for all insurance required by the agreement, and copies of all insurance policies covering insurance required by this agreement, shall be furnished to the City Clerk of the City prior to the use of the property. (3) Not less than sixty (60) days notice of cancellation or restricted modifications of any insurance policy providing the coverage required by this agreement shall be required on all insurance policies. The City shall obtain at its own expense, and maintain during the term of this Agreement, the insurance coverages set forth below: (1) Property Insurance - The City shall insure or self-insure it's real and personal property as it deems fit. COMPLIANCE WITH EXISTING LAWS AND REGULATIONS 27. The Club agrees that in its use and occupancy of the subject property it will comply with all applicable laws, rules, regulations and ordinances of every governmental body or agency whose authority extends to the subject property or to any operations conducted upon the subject property, whether or not such laws, rules, regulations or ordinances are mentioned herein, including Public Records Law, Chapter 119, Florida Statutes, if applicable. SOVEREIGN IMMUNITY 28. Nothing in this Agreement shall waive or diminish the City's sovereign immunity. Nothing in this Agreement shall extend the City's liability beyond the limits established in Section 768.28 Florida Statutes or any of the liability limits set forth in Florida Statutes. Nothing herein shall be construed as consent by either party to be sued by third parties in any matter arising out of this Agreement. No third parry shall have any rights or obligations pursuant to this Agreement. RIGHT OF ENTRY BY CITY 29. Agents of the City shall be afforded the right at all reasonable times to enter upon the subject property for the purpose of inspecting and/or preserving the subject property. OBLIGATION TO PAY TAXES 30. The Club agrees to pay any federal, state or local taxes, which may be levied on the property or any improvements or uses placed thereon, but it is agreed that the uses herein serve a public and municipal purpose and the parties do not waive any exemptions permitted by law. WRITTEN CONSENT OF CITY NECESSARY FOR ANY CHANGES 31. Club must get written City approval to remove, demolish, remodel or replace any building or other structure on the subject land. NO ENCUMBERANCE OF CITY FACILITY OR PROPERTY 32. The Club shall not enter into any loan or agreement obligating any portion of the Facility or City-owned Property thereby creating debt or encumbrance on the managed real or personal Property or Facilities. CLUB'S RIGHT TO CURE ANY ALLEGED DEFAULT WITHIN 15 DAYS OF WRITTEN NOTICE 8 33. A default in the performance of a promise, covenant, or obligation shall constitute a breach of this Agreement; provided, however, that such default shall not constitute such breach as to terminate this Agreement until and after the Club fails to cure or to take reasonable measure to cure such default within fifteen (15) days after written notice of default has been served upon the Club. If any default is not cured by the Club, the City shall be entitled to immediately occupy the property and operate the Facility in its sole discretion, including the appointment or selection of a third-party operator. TERMINATION 34. City may terminate this Agreement with fifteen (15) days written notice to the Club if Club violates any provision of this Agreement or fails to cure any alleged default. City may also terminate this Agreement for any municipal purpose consistent with City Charter by giving thirty (30) days written notice to Club. MANAGEMENT RIGHTS NOT COUPLED WITH A PROPERTY INTEREST 35. The Club's occupancy and management of the property is not coupled with, and does not convey any property interest whatsoever. FAILURE TO ACT BY CITY NOT A WAIVER 36. Failure of the City to insist upon performance of any covenant hereunder shall not be deemed to be a waiver of the right to insist upon full performance at any subsequent time. AMENDMENTS MUST BE IN WRITING 37. Any additions or modifications to this Agreement shall be in writing and shall be executed by both parties and no oral agreement shall be effective to change or modify the terms of this Agreement. [The remainder of page intentionally left blank, signature page to follow] 9 IN WITNESS WHEREOF, the parties have executed this Agreement the day and year first above written. THE CLEARWATER GOLF CLUB, LLC By: Greg McClimans, President By: L? Spencer Wolf, Secre reasurer CITY OF CLEARWATER By: William B Horne, II City anager ?P . By: Frank V. Hibbard Mayor ATTEST: UF%? Rosemarie Call City Clerk Approved as to form: Laura Lipowski Mahony Assistant City Attorney 10 EXHIBIT "A" The Northeast `/4 of the Southeast `/4 of Section 10, Township 29 South, Range 15 East, less the West 5 feet, less the North 15 feet, less the pavement and curb of Maple Street and Hillcrest Drive lying within the South 30 feet of the East 30 feet and less the Seaboard System Railroad right-of-way. Together with the Southeast `/4 of the Southeast `/4 of said Section 10, less the South 1209 feet m.o.l. of the East 30 feet, less the pavement and curb of Hillcrest Drive lying within the North 120 feet of the East 30 feet, less the South 33 feet, and less the West 17 feet. Together with the Northwest `/4 of the Southwest `/a of Section 11, Township 29 South, Range 15 East, less the East 1234 feet m.o.L of the South 30 feet, less the pavement and curb of Maple Street lying within the West 90 feet of the South 30 feet, less the East 50 feet, less the North 15 feet, and less the Seaboard System Railroad right-of-way. Less and except Hillcrest Addition Subdivision as recorded in Plat Book 14, Page 49, of the Public Records of Pinellas County, Florida. Less and except the following described tract: commence at the Northeast corner of Lot 11 of said Hillcrest Addition; thence run West along the North line of said Hillcrest Addition 20 feet to the point of beginning; thence continue West, along said North line 180 feet; thence run North, along a line parallel to the East line of said Hillcrest Addition, 250.5 feet; thence run Northeasterly, 154.92 feet, to a point on a line 360 feet North of and parallel to the North line of said Hillcrest Addition; thence run East, along said line 69 feet, to the West right-of-way line of Highland Avenue; thence run South, along said West right-of-way line, 360 feet to the point of beginning. Less and except the following described tract: begin at the Southwest corner of Lot 4 of said Hillcrest Addition; thence run North along the West line of said Hillcrest Addition, 402.5 feet; thence run Southwesterly, 741.1 feet, to a point on a line 647 feet West of and parallel to the West line of said Hillcrest Addition; thence run South, along said line, 41 feet to the North right- of-way line of Maple Street; thence run East, along said North right-of-way line, 647 feet to the point of beginning. Less and except the following described tract: commence at the intersection of the centerline of the Seaboard System Railroad right-of-way and the centerline of Betty Lane, as shown on the Plat of Country Club Addition, as recorded in Plat Book 7, Page 36, of the Public Records of Pinellas County, Florida; thence run along said centerline of the Seaboard System Railroad right- of-way and a curve to the left, chord bearing N 80° 43' 37" E, 339.12 feet; thence continue along said centerline, N 77° 35' 57" E, 83.44 feet, to the point of beginning; thence run S 6° 33' 43" E, 537.60 feet; thence run S 51° 46' 23" E, 48.51 feet; thence run N 65° 05' 57" E, 311.38 feet; thence run N 21° 20' 48" E, 610.59 feet to the centerline of said Seaboard System Railroad right- of-way; thence run along said centerline and a curve to the right, chord bearing S 76° 25' 57" W, 136.83 feet; thence continue along said centerline S 77° 35' 57" W, 482.48 feet to the point of beginning, less the Seaboard System Railroad right-of-way. Together the following rights and easements, namely: A right-of-way in common with the party of the first part for road or street purposes to and from said parcel conveyed over and along a strip of land forty feet wide running parallel to and immediately south of the right-of-way of the Seaboard System Railroad, extending from Betty Lane on the West to the above described tract on the East. 11 BEGIN at the intersection of the center line of Seaboard Airline Railway Co., and Betty Lane as shown on plat of COUNTRY CLUB ADDITION as recorded in Plat Book 7, page 36, Pinellas County Records and run thence along said Seaboard Airline Railway Co., center line and a curve to the left, chord bearing N 80° 43' 37" E, 339.12 ft.; THENCE along said center line N 77° 35' 57" E., 83.44 ft. for P.O.B. THENCE S 6'33'43"E, 537.60 ft.; THENCE S 51'46'23"E,48.51 ft.; THENCE N 65° 05' 57' E, 311.38 ft.; THENCE N 21 ° 20'48"E, 610.59 ft., to center line of said Seaboard Airline Railway Co., THENCE along curve to right and said center line, chord bearing S 76° 25' 57" W, 136.83 ft.; THENCE S 77° 25' 57" W along said center line 482.48 ft. to P.O.B., less Seaboard Airline Railway Co., right-of--way. 12 EXHIBIT "B" Terms and Conditions of Existing and Seasonal Memberships' Tee Times and other General Rules and Regulations 1. No new memberships or the renewal of existing long-term memberships shall be permitted except for the sale of seasonal golf memberships which may be sold by Club for the period starting October 1, 2010, not to exceed April 30, 2011. Existing golf and social memberships shall be honored under these revised conditions, however, all Existing Memberships shall terminate on April 30, 2011. 2. Private carts which are stored at the Facility as of the inception of this Agreement shall be grandfathered-in to continue storage until April 30, 2011. The monthly storage fee for all existing stored private carts will be increased at the discretion of the Club. 3. Only two (2) private carts shall be permitted for each foursome engaged in golf play. 4. Independent golf cart servicing companies will no longer be permitted to utilize Golf Course property in order to repair, maintain, or perform any other service. The Club shall engage and contract with a golf cart servicing company of its choice to offer those services to participants. Said servicing company shall provide proper insurance to perform such activities and the Club shall indemnify the City for servicing company's activities and occupation on Golf Course property. 5. Tee Times shall be scheduled by club at a rate of eight (8) per hour (four 8 minute tee times and four 7 minute tee times). The public shall be offered a minimum of 35% of those tee times per hour regardless of the number of member tee time requests. 13 r J r . r r LOCATION CUANTITY Pro Shag 1 Pro Shop 1 Pro Shop I Pre Shop 1 RD &" 4 Pro Shop 3 ' Pro Shop 1 Pro Shop 1 Pro shop 1 Pro Shop 1 131081W 1 Pro Shop 1 Pro Stop 100 Pro Shop 2 Pro Shop 2 Pro Shop 1 Pro Shop 2 pro Shop 26 • Pro Shop 1 Pro Shop 3 PM Shop 1 Pro Shop 1 Pro amp 1 Pro Shay 1 Pro Shop S Pro Shop 2 Pre Shop 1 pro Shop 1 Pro Shop 1 Pro Shop 1 Pro Shop 1 ProShop 1 pro shop 1 Pro Shop 9 Pro Shop 3 Pro Shop 3 Pro wwp 1 Pro Slop 1 Pro Shop 1 Bag Room 1 Bag Roam t bag Room 3 On Reom 1 Beg Room 1 NO Room 1 Sap Room 1 Bog Room 1 Bag Roam 1 Bag Roam t bag Room 9 Bag Room 15 Cart Baer 2 Cod Sam 1 EXHIBIT "C" * CCt: Gott Cquree lqulpnant Inventory Sepbntber, 2005 DESCaOnM N& WoumemeM PC Del MoMor NP 5150 MW 8010142` tables Now HeadoOwr dhplay Fdit ad Isbte Fd ft v tabls Wooden N table Orse" cwd dstp" SbbW 1ndelegen 4' x 32N MkcdWMw 0iobeat dleplay fttree FreesWdho dMal41149 s 2gmy rdw wm dbpgye dleplay Chrome 8411d4 0d Metal Odd d1aft Meld OM OMby Axltrree Aftwadream Mon"UM WoodNHoltdubdbptay Bekdsptay Glotea dwall"hounier FM Wdag PC UMW Fbmd PC aabkkd Sunowe deplsys 8en8dse dub d Way FJ look daft Kad*A*44-CM pMt0r 3 drawer printer eland PC WlAMD54 proceeeor Ck war dOlltd video rion ww4camerae 30` x 12" x 7r bodwhetr Corti bUMM boards Cry-me* bowls 1r x 3d" x •rr m*W eWeme rotate 24" x 4r x Tr meter stamp rock WW 4 r 110 cabinet Isasr Mdd 2-&VM No cOW legal Chalk a rd 2 level mew bdtwe Spools rq*M rope 4 drawer maid cabinet 1T x 3r x 31" CNrb ropatr WMW WAh W143'vbe God dub washer Sr psd"W Nn 20" pede" rat, Toaster Mlaowave Rubbermaid 32 9dw trash cmisiners Wooden dub sWage racks Wooden storage cabinets Fdgtdslr `(94w comrnwdw washer 1 * City Property - As title is taken via Bill of Sale subsequent, to date hereof. Page 1 of 29 irI LOCATION QUANTITY DESCRIPTION Cart Barn i Fdgldalr'Galay+ commereld dryer Cad earn 1 Metal tool dorege Cabinet 66` x 16• x 35' Cad Barn 1 Waritbanch wl5.v vise Cod earn t RW40Mate range troll washer Cad earn 1 18 galml4HP alroomp um Cat earn 1 Pdrtatde etc tank 084 136M 1 CLlJB CAR CARRY ALL-1 RANGER PICIMR Cad earn 1 BIN. GANG ekL i4Cm (PUSH Cad earn 66 Eleobk Club Csr Cads wdaooessoAes Cad tlsm 1 evorege Ceti Otnlag 4 largo round tables Ol ft 10 medium round tables OWN 14 sma6 round tabus OWN; 32 "op ismas OWrrp 900 drabs Ian daft DWng 4 2-top tabbs Dtnleg 5 r round lames Dift 1 hqo loo sdW bin Dbft 10 banqusttables Dldv 5 lrFs lenguIWtd ee Oinbrg 0 r r eel mgdw lebles DWrp 1 dock Olcnp 1 Wlpltaer Ptalw Dhblp 1 portable ber Mft 1 on tah tale Dk tsQ 1 sneene quads Dining 4 room dhlders (plsMers) allft 1 Co plew ON" 1 n amt a ft shelf Dh6t 2 vacuum lltnhg 4 ladders Dintnq 5 Tile Dk ft 1 ellvarwerdpteteslplssees ftbhg 2 sound systarr Dbthq 5 framed odures Obdrlg 1 45hrA5' portable dance hoar Dining 7 plasac room dlvlders t,edles RR $mS table wllh planter Ledlee RR Iergennbrvr Ladies RR awlevet chair MdnL Area 1 9002 TRIPLEX Greens Mews JAC Mehl. Area 1 2002 TRIPLEX ardsm0ower JAC MabhL /Ices 1 1090 TRt4 UM Tee 5 C01ar Mower JAC Math. Area 1 1005 TRIPLEK Tee 5 Collar Mower JAC Math. Area 1 Toro Tdvm am" Mower Math. Area 1 Taro TrFFrtax Grsens Mower Maht, Arne / 6500 Fahway Mower Mega. Arse 1 S 1BINIR MOWER wlboom mower WRL Ares 1 2M TORO 5100-D MehL Area 1 200$ TORO 51000 Malnk Aroe 1 2000 TORO Red Master 6500.0 MelnL Area 1 2000 TORD 6°100.0 MshlL Ares 1 TORO Groundmu%r 7200 MaML Area 1 TORO Groundmaster 7200 MehL Area 1 GTENERMOWF.R MahL Area 1 TORO 54ANG REELMASTER Liam Area 1 TORO 54ANG REELMASTER Mdnk Area 1 Jao 64MG RAUGH MOWER LOCATION QUANTITY OESCPJMON M" Area 1 TORO SandPM Maim. Ares 1 SP0{ER REELS (1 sat of 3) Mehl Ana 2 VERTIOUT REELS (1 set of 3) Halm, Ares 1 CASE Loader SM XL MWM Mss 1 JOHN DEER TRACTOR (?40) MokL Arse 1 FoM 3000 TRACTOR M" Mao 1 JOHN DEER TRACTOR (2155 Mdt Area 1 FOR04M Maim Ana 1 CLUB CAR Cenyaim Mdit Aron ' 1 CLUB OAR Turf 11 Mo t. Arco 1 CLUB CAR Ted 11 M*A. Area I CLUB CAR ALL 11 Mehl. Arco 1 CLUB CAR ALL 1 t MahL Area 1 CLUS CAR Tud 11 MahL Area I CLUB OAR Ted 11 MehL Aron 1 CLUB CAR Cony40 Turf 2 Mehl Ana 1 IM IZI TRUCK McInL Area I Toyota Tacoma Trw* M" Area 1 FIAT OW TRAAER Math. Area 1 S WFItB;I. CUSHMAN Mehl Area 1 TORO WORKMAN 3100 Mehl Aree 1 TORO WORKMAN 3200 Mehl Area 1 TORO PRO SWAP 5200 Maim. Area 1 SMITWO 900 Al" Ares 2 26-0AL SPRAYER t2V M& L Aroa 1 1544. SPRAYER 1211 M vL Aron 1 RIDGEWAY FOAMER VWPUMP M* L Mss 1 ROG WAY FOAM TANKASSY. WIPUMP M*& Area 2 RAVEN CONTROL UNIT COMPLETE Me1M. Area 4 LESCO WALK SPREADER M" Area 1 LESOO COMBO OROP/CVOLONE SPREADER Maim. Aron 1 VICON SPREADER M" Area t TY-CROP QUICK PASS 300 Top Dresser MobL Arse 1 TY-CROP MN 400 MdnL Aron 1 vdTyCmp Atlsehment Tw% Splmw, Conveyor Bell Malrrt. Ana 1 SM. SANDY SPREADER M*& Ama 1 DRAB MAT %W ATTACHMENT MohL Also 1 GREENS GROOMER CRAG MUSH MahL Area 1 TORO AERATOR Onks 6 aMosdesks Office 4 aft* cwrs sMMI Omer S cusldoned *Ike dish Offloo 1 postopmedfte Office 1 t s and system Office 1 potableteleptme once 2 desk top pdnwa ; nsMoft4 conlptrlsr system OHks pho ons v ng system OfAoe 1 " Once 1 taw prkor Office 2 4-drawer metal llte cabinets Offics 1 safe Ofe" 1 4-shsltmstol bookcase Office 2 2-drawer metal file cabinets Ofk* 2 blege metal Me cabinef/drower 41 wide Office 1 dwedder OfOcs 1 fax Office 2 6' metal utmty shelves LOCATION QUANTITY DESCRIPTION closet 6 Uddty shelf unds closet 2 wt" chats Glow 1 poom Closet 12 1" tuft edge 4 m Odle t sWewsrelplaleslgmsaes Gdb 1 plantar ores t numerous plwms and t b*m Goo 1 boertap ergo 6 MsW udw shelves 1)rdla 2 hotdooaurchlna one soup warmer Odle small fs loerem? Grillo 14 bar ataols Grme 52 du ft chide 12 tables Qrllle bar rrlasr shop 2 STfHLCHAIN SAW Shop 1 STIHLwTRIMMER Shop 1 HEDGE TRIAAt:R Shop S SM CHAIN SAW Slam 1 OMQUICKCUTSAW Shop 1 ELECTRIC WATER PUMP CROW) 1 MANUAL ROLLER Shop 1 PRESSURE WASHER Shop 1 PRESSURE WASHM (ten Mow me) Shop 1 BOAT•10 k oma Shop / SOD MOUNT ORATOR Shop 1 WILL BARREL GREANHEEL Shop WlOJ HEEL Shop 1 OASWELDOUTFIT Shop 8 L.P. OAS BOTTLES Strop 1 MAMA CHOP SAW Stop 1 HAND CART SMp 1 PORTABLE NR TANK Strop 1 HYD. SHIP PRESS Slop 1 BATTERY CHARGER Shop 1 SAMALL Shop 1 MAIGTA ELECTRI DRILL Shop 1 MAKITA OORDLESS DRILL Shop 1 HPZ KNOT SET Shop 1 swum i.,AsTER shop 1 VISE BI YARD Shop 1 VISE W SHOP Shop TIRECHANGER i O L Shop i CHAIN HOIST GREY-SHOP Shop 1 HYD. FLEET JACK Orgy Shop 1 HYM PALLET JACK shop 1 2•T FLOOR JACK Blarst Hawk Slop 1 FLOOR JACK (orange) Shop 0 JACK STANDS Shop 2 INFRARED HEATER Shop 1 STIHI. POLE SAW Shop 2 dACOBBEN PUSHMOWER Shop 7 SON Line TRIMMER Shop 1 SHINDIAWA STRING EDGER Strop 1 SHINDIAWA BLADE EDGER LOCATION QUANTITY DESCRIPTION Shop 1 TRENCHER shop 2 R®MAX RI:CIPICATOR Stop 1 Oft BLOWER sop 1 STIHL CHAIN SAW Shop 1 SHOPVAC shop 2 FAN (shop) CIRCULATOR Shop 1 1094 .Fft sop 1 STIHL 60 BLOWER Shop 1 STIHL BAK PACK MOWER Shop 1 MILWALKEE ORINDER Shop 1 MISCLLL ANOUS TOOL11 & EQUIPMENT lillop I 040P EATER 1 Shop 7 000 WALKNK; GREENS MOWER TORO Shop i CRANE? PUMP HOUSE - Shop 1 BOOSTER PACK Shop i TROURY em W p 1 HEEL MBASUR ghop 1 faro M Pro Oars Aeralor Hob 6 ouddon desks Hal 1 tots table Hall 5 ply on wheals Hall 1 lsbls top plsnlar Haft 13 Remsd plabiras Holt 1 to wdfwaW dkpsnsar lOlahen 2 onveellon own NOldwn 1 hoM mbw Kpdwn 2 qw " Kfthen 1 leewall KNlehen 1 trash eons KSdhon 3 rotdrtn coleys mkfia m 7 pray fables KRdwn 1 computer KO M 1 pdrAer Kkhan 2 doors Kl6ohen 1 deal; KkIm 1 shun t" vM heat h mva Kldm 2 oonwiw bail toubm K khm 1 lags rod food wtmter Khchen 1 ato sham Knd%w 18 Mott! mow dowel - - - - Kkahen 1 dishwanner IQtchan t food warmer Klkhen 2 mweoa" Kit hon 1 I= aesm cooler lgtchen 1 brwdwamw Kitchen 2 1' w prlh Card Roam 8 44op UM C and Rmn 1 Mundt" C and Room 24 Burgundy Chrehloeed daft on whask Card Room 1 TV Pro 3' 6plo Asset Sheet - Golf Operations Quanity Value Total Value Item 1 $ 10.00 $ 10.00 Circular Mirror 1 $ 5.00 $ 5.00 Shop clock 25 $ 1.00 $ 25.00 Water Fall Racks 1 $ 1.00 $ 1.00 Wall Wooden Golfer 2 $ 10.00 $ 20.00 Paded Chain; 1 $ 10.00 . $ 10.00 Circular Table 1 $ 1.00 $ 1.00 Belt Rack 1 $ 10.00 $ 10.00 Head Cover Rack 3 $ 1.00 $ 3.00 Water Fall Racks 2 $ 1.00 $ 2.00 Hanger Racks 1 $ 5.00 $ 5.00 Female Maniquen 2 $ 2.00 $ 4.00 Hat Racks 5 $ 5.00 $ 25.00 Cork Boards 1 $ 10.00 $ 10.00 Circular Table 3 $ 10.00 $ 30.00 Paded Chairs 2 $ 20.00 $ 40.00 Phone 3 $ 200.00 $ 600.00 Computer & Terminal 3 $ 10.00 $ 30.00 2 Drawer File Cabinet 3 $ 20.00 $ 60.00 Printer 1 $ 10.00 $ 10.00 Table 1 $ 100.00 $ 100.00 Shop Counter - Glass 1 $ 5.00 $ 5.00 Scissor 2 $ 10.00 $ 20.00 Calculator 1 $ 20.00 $ 20.00 ZOM Machine 3 $ 20.00 $ 60.00 2- Way Radios 1 $ 20.00 $ 20.00 Electric Pencil Sharpener 1 $ 20.00 $ 20.00 Historic Golf Display - Club/Balls 6 $ 5.00 $ 30.00 Plastic Drawer Storage 3 $ 5.00 $ 15.00 Stapler 2 $ 5.00 $ 10.00 Tape Dispenser 6 $ 0.50 $ 3.00 Markers 1 $ 10.00 $ 10.00 30 Gallon Garbage Can 1 $ 10.00 $ 10.00 First Aid Kit 3 $ 1.00 $ 3.00 Clip Boards 2 $ 5.00 $ 10.00 Short Book Racks 1 $ 20.00 $ 20.00 Tall Book Rack 1 $ 10.00 $ 10.00 Bar Chair 23 $ 1.00 $ 23.00 Notebooks 1 $ 40.00 $ 40.00 TV 1 $ 10.00 $ 10.00 Rate Board 1 $ 20.00 $ 20.00 7 Drawer Cabinet 2 $ 50.00 $ 100.00 Large Grease Board 1 $ 30.00 $ 30.00 Drill with Charger 1 $ 10.00 $ 10.00 Three Drawer Organizer 1 $ 5.00 $ 5.00 Three Hole Punch 1 $ 25.00 $ 25.00 Security TV - 6 Inch 6 $ 1.00 $ 6.00 In Baskets 1 $ 5.00 $ 5.00 Trash Can 1 $ 5.00 $ 5.00 Paper Clip Dispenser &Clips 6 $ 2.00 $ 12.00 Proximity Marker Signs 1 $ 5.00 $ 5.00 Wooden Table 24" x 12" 1 $ 5.00 $ 5.00 Shag Bag 1 $ 10.00 $ 10.00 Card Table 1 $ 20.00 $ 20.00 Dolly 4 $ 20.00 $ 80.00 5 Shelf Metal Shelves 2 $ 10.00 $ 20.00 Maniquen Tops 1 $ 50.00 $ 50.00 Vacuum 1 $ 25.00 $ 25.00 Tool Box With Tools 1 $ 25.00 $ 25.00 Marker Box With Markers 1 $ 10.00 $ 10.00 Step Stool 2 $ 3.00 $ 6.00 Large Range Buckets 9 $ 1.00 $ 9.00 Small Buckets 5 $ 2.00 $ 10.00 Medium Buckets 18 $ 4.00 $ 72.00 XL Buckets 1 $ 10.00 $ 10.00 Bubble Gum Machine 1 $ 3.00 $ 3.00 Floor Mat 7 $ 10.00 $ 70.00 Window Blinds 6 $ 5.00 $ 30.00 Ornaments 4000 $ 0.01 $ 40.00 Paper Tags 1 $ 50.00 $ 50.00 Shop Camera 2 $ 5.00 $ 10.00 Paint Can 1 $ 5.00 $ 5.00 Paint Gun 3 $ 5.00 $ 15.00 Old Motorola Radio 2 $ 1.00 $ 2.00 Tape Measures 1 $ 20.00 $ 20.00 House Cleaning Products 1 $ 100.00 $ 100.00 PING Golf Bag 1 $ 5.00 $ 5.00 Price Gun 1 $ 10.00 $ 10.00 Label Maker 1 $ 25.00 $ 25.00 Box of Assorted Bolts & Nuts 1 $ 5.00 $ 5.00 Bush League Plaque 1 $ 5.00 $ 5.00 Teherhar Plaque 2 $ 5.00 $ 10.00 Billy Burke Photos 1 $ 75.00 $ 75.00 Cordless Phone and Charger 1 $ 5.00 $ 5.00 Greeting Card Display 4227 $ 2,400.00 Asset Sheet - Golf Operations Quanity 1 1 1 2 2 7 1 3 1 1 1 1 1 1 7 1 1 1 1 5 1 1 1 16 1 1 12 1 11 14 1 4000 1 5 2 1 1 1 4113 Value $ 10.00 $ 5.00 2 $ 2.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 10.00 $ 10.00 $ 10.00 $ 10.00 $ 50.00 $ 10.00 $ 10.00 $ 40.00 $ 25.00 $ 10.00 $ 3.00 $ 5.00 $ 2.00 $ 7.00 $ 5.00 $ 20.00 $ 1.00 $ 2.00 $ 50.00 $ 25.00 $ 1.00 $ 2.00 $ 100.00 $ 5.00 $ 5.00 $ 0.10 $ 1.00 $ 1.00 $ 5.00 $ 2.00 $ 15.00 $ 1.00 Item Double Steel Locker Bar Stool Push Brooms Broom Dust Pans Bag Drop Sign - Metal Misc. Signs Metal Time Clock 30 Gallon Drum Radio Storage Shelf With Door Large Grease Board Bench Vice Extension Cord Mechanical Club Cleaner Cases of Marking Paint Box of 30 Gallon Trash Bags Toaster Microwave Mini Sledge Hammer 20 Gallon Trash Drum Shag Bag Industrial Fan Customer Sign Metal Proximity Marker Signs Shop Vac Yellow Rope Spool Cases of Scorecards Wooden Shelf Rental Club Sets & Bag AMF Wooden Club Racks Wooden Bar Chair Range Balls Cart Repair Area Sign Cart Path Only Signs Michelob Umbrellas Wall Thermometer Tow Bar - Cart Basketball ? ajVA? Clka,2 194J- . art Barn Inventory 8/31/2010 Total Value $ 10.00 $ 5.00 $ 4.00 $ 1.00 $ 2.00 $ 2.00 $ 7.00 $ 10.00 $ 30.00 $ 10.00 $ 10.00 $ 50.00 $ 10.00 $ 10.00 $ 40.00 $ 175.00 $ 10.00 $ 3.00 $ 5.00 $ 2.00 $ 35.00 $ 5.00 $ 20.00 $ 1.00 $ 32.00 $ 50.00 $ 25.00 $ 12.00 $ 2.00 $ 1,100.00 $ 70,00 $ 5.00 $ 400.00 $ 1.00 $ 5.00 $ 10.00 $ 2.00 $ 15.00 $ 1.00 $ 2,187.00 Asset Sheet - Golf Operation s Quanity Value Total Value Item 500 $ 1.00 $ 500.00 GQIf Tees 40 $ 17.00 $ 680.Q0 16 Sall Packs 22 $ 52.00 $ 3 1,144.00 Pro V1 Dozen $ 30.00 $ 13 $ 8 90.00 NXT Tour Dozen .50 $ 2 $ 7 110.50 NXT Sleeves .50 $ 11 $ 8 50 $1 15.00 DT Sleeves . 1236 $ 0.56 $ 8:50 Ball-Pick Up 682.00 Repair Toot 67 $ 2.00 $ 134.00 Ball Markers 5 $ 8.00 $ 40.00 Coffee Mugs 2 $ 27.00 $ $4.00 Golf Bag Watch 1 $ 16.50 $ 16.50 Pewter Golf Ornament 7 $ 2.00 $ 14-00 Golf Scene Trivet 13 $ 12.00 $ 156.00 MC Pain Gel Tube 4 $ 12.00 $ 48.00 MC Pain Gel Bottle 2 $ 290.00 $ 580.00 Skycaddie 2 $ 300.00 $ 600.00 Callaway Range Finder 2 $ 140.00 $ 280.00 Jr. Golf Sets 2 $130.00 $ 260.00 Jr. Golf Sets 4 $ 16.00 $ 64.00 Umbrella Stand Kits 600 $ 0.10 $ 60.00 Plastic Ball Markers 118 $ 2.50 $ 295.00 Sun Block Tubes 45 $ 10.00 $ 450.00 Foot Joy Gloves 141 $ 13.00 $ 1,833.00 Tdlelst Gloves 35 $ 17.00 $ 595.00 Straw Hats 14 $ 18.00 $ 252.00 Titleist Caps 18 $ 22.00 $ 396.00 Tltlelst MLB/NCAA Caps 144 $ 1.50 $ 216.00 Logo Golf Balls 4 $ 18.00 $ 72.00 Straw Hats 24 $ 10.00 $ 240.00 Caps 20 $ 26.00 $ 520.00 Mena Shorts 1 $ 25.00 ' $ 25.00 Mena Shirt 7 $130.00 $ 910.0.0 Junior Golf Sets 9 $ 6.00 $ 54.00 Sand Bottles 25 $ 30.00 $ 750.00 Straw Hats 6 $ 17.00 $ 102.00 Foot Joy Two Glove Packs 36 $ 39.00 $ 1,404.00 Men's Golf Shirts 2 $ 700.00 $ 1,400.00 Wilson Iron Set 23 $ 20.00 $ 460.00 Men's Belts 7 $ 149.00 $ 1 ,043.00 Golf Bags 2 $ 300.00 $ 600.00 Golf Staff Bags 2 $ 200.00 $ 400.00 Pull Carts 14 $ 20.00 $ 280.00 Animal Head Covers 2 $ 64.00 $ 128.00 Pull Cart covers 6 $ 20.00 $ 120.00 Ladies Caps 15 $ 50.00 $ 750.00 Ladies Tops 2 $ 35.00 $ 70.00 Ladies Tops 1 $ 59.00 $ 59.00 Ladies Tops 7 $ 30.00 $ 210.00 Ladies Tops 2 $ 25.00 $ 50.00 Ladies Tops 1 $ 25.00 $ 25.00 Pull Cart Seat 1 $ 57.00 $ 57.00 Golf Bag Travel Cover 2 $ 60.00 $ 120.00 Ladies Skirts 7 $ 55.00 $ 385.00 Ladies Skirts 1 $ 65.00 $ 65.00 Ladies Skirts 1 8/31/2010 Pro Shop Merchandise 2 1 $ 38.00 $ 38.00 Ladies Skirts 1 $ 28.00 $ 28.00 Ladies Jacket 1 $ 63.00 $ 63.00 Ladies Pants 2 $170.00 $ 340.00 Rife Putters 1 $115,00 $ 115.00 Putter 1 $140.00 $ 140.00 Putter 1 $119.00 $ 119.00 Putter 2 $110.00 $ 220.00 Putter 23 $ 30.00 $ 690.00 Wedges 15 $ 50.00 $ 750.00 Golf Shoes 9 $ 80.00 $ 720.00 Golf Shoes 67 $ 10.00 $ 670.00 Ladies Hats 146 $ 17.00 $ 2,465.00 Men's Hats 2 $ 26.00 $ 52.00 Umbrella 6 $ 13.00 $ 65.00 Umbrella 2 $ 300.00 $ 600.00 Drivers 2 $ 200.00 $ 400.00 FW Woods 2 $160.00 $ 320.00 Hybrids 2 $180.00 $ 360.00 Hybrids 2 $ 18.00 $ 36.00 gall Retrievers 83 $ 9.00 $ 747.00 Towels 50 $ 2.00 $ 100.00 Greeting Cards 35 $ 4.00 $ 140.00 Socks 6 $ 6.00 $ 36.00 Socks 44 $ 10.00 $ 440.00 Wilson Gloves 7 $ 30.00 $ 210.00 US OpenCap/Shirt 1 $ 25.00 $ 25.00 Golf Travel Cover 9 $ 15.00 $ 135.00 Towels 6 $ 11.00 $ 66,00 Caps 11 $ 13.00 $ 132.00 Caps 2 $ 12.00 $ 24.00 Caps 11 $ 13.00 $ 143.00 Gloves 7 $ 12.00 $ 84.00 Gloves 5 $ 8.00 $ 40.00 Clubhouse sq. trivet 3845 $ 30,395.50 8/31/2010 Pro Shop Merchandise 0 MV80 u!q peles aol a iel L jax!w aeq G salgel punoi Z g salge; Z6 selge; o;-Z b sile4o Z5 Sa!ego uaooa 6u!uip OOE sloo;s aeq b6 salgea o;-V Z£ ao;eaa !alai hews selge; punoi Ilews lv6 aawieM nos salge; punoi wn!paw 06 eu!4oew op ;o4 selge; punoi a iel 3'1?IRIsJ WOON E)NINIa jasua s!p ja;em/Ilam ool sain;o! poweal £ 6 sa!e40 t 7 l o; alge4 l salgel Z slaa4M uo sia;uel g sagono0 Z alge; e}os salego Nsoo z sa!e4o uo!4sno g sNsaa g AVM -11VH1tl3AOd WOOZI !l3ma0"1 S31av'1 sp!iselge; Z4 Al wnipo sleegm uo sa!e4o peuo!4sn0 pun ma bZ a!e4o 1a04M olge; puns 6 s;!un dla4s i!I!arl 9 solge; o;-t7 8 sl3S0l0 WOON (3HV3.S„N3W xe;< sain;o! pawaij g jappoNs wads s punos Z ap!M ,t, Jamejpgau!geo app Ie;aw a a!q Z sassel /sa)el /aaeMaanl!s s;aulgeo aIg Ie;aw IaMeap-Z Z sJap!n!p wow o!;sel L aseo?looq le;aw Mays-? aooll< aoue e e jo p lg ,gyx,g# l sw ales nnoen 9 Z slaupeo alg le;aw jaMejp-;, Z 4s !I!;n le;aw 11 ?a as;u!i jesel eI a0 sJa;ue saa iai oa ! p!nIp woos s jen wa;s s uuamsue euo4 p azaaus a ° wa;s s as;n woa u!4aoM;au I ualM el; sialmi o; Asap L jeq algelj oue 9uo4 ala; alge;ao !d aaz;!lanM wa;s s pue sau04 ela; siappel sa e e au!4oew a e;so lg ; j ln ueloaj .9 sa e 9 sjie4o aoi}jo pauo!4sno b lg ; aeln ueloa? ,8 so e g lanaMMS sale4o aoyjo £ lg ;;an ueq ' uoo 0? siIsap aoi .110 t7 ; WOON JNINIa 301dd0 AL2i3 'ONd d0 NOI.LdlNog a Al2i3 JONd d0 NOI1dINOS3a ; moZ;snBny MOIN3ANl IN3WdinO3 3snOHenio D 6/0£/so %oz jsn6ny -X40-MgANI 1NgyminDg genOHanio GOLF COURSE EQUIPMENT NVENTORY Replacement Value Clearwater County Club February.2Q1A INV.# 1 NAME MQWER• JAC.-TRI-PLEX GREENS MOWER DATE PURCHASED 9/9/02 AMOUNT $16,480.00 Replacement Value as of 2115110 $4;500.00 ENGINE tdt MI]BERS SERIAL_ Ni M3E31A#2S 62287-2084 2 JAC TRI-PLEX 7131102 $16,480.00 $4,500.00 62287-2090 GRE=ENS MOWER 3 JAC TRI-FLEX 10/12199 '$14,984.50 f $3,500.00 GREENS-MOWER 62260-2004 4 JAC TRI-PLEX 12/8198 ... $14,800.00... $3,000.00 62260-1805 TEE MOWER TORO TRIPLEX 121812003 $1,9,492.00-.: $.7,.50D 00 04357-23QQQ2g82 GREENS MOWER 6 TQ9O TRI-PLIrX 12/8103 SIA492M- 47,500.00 .,0435.7,230001.509 GREENS' i6 dIt'ER' 7 6,500 412312004 $24,367.20 - $9; 000- .,WQ Fairway tV owER 69 STEINER 1212/2003 $14, 21:50 - $5,000:00 DIESEL, Mod. 525 W/BOOM MOWER KUBOTA Ser. 1241' 106 TORO 10/21/02 $25,866.30 $8,000.00 03201-22000,0969 31?70?U ' 109 TORO 1{(121102 $25-866.30 18;000:00 -03201--220000968 3100-D - 63 TORO 8=15-t7[T W,829.26- -$9,000.00 03003-200000261 REEL MASTER 6500-1) 64 TORO 5-0900 $38,702.38 -$9,DOC):00 03803-200000256 REEL MASTER 6500-D 66 `!ti'ti:f$17?. ..Q KABOTA Mod. 30362 7200 Ser.2700n242 164 TO '.' ' ' Ti;Rf X0.7 $ _ :_ = 00;00 KABOTA Mod. 30362 7200- Ser.27000W23 165 50' TORG 5-GANG 3/20T{32` $22;336:50 $7 fl0'0:Lt0": 3345r 7tfUt3Qf4i? REELMASTER `J? ? U,,, )e j 1 02118/10 GOLF COURSE EQUIPMENT INVENTORY Replacement Value Gleandater Caunbj Club Pabritary 2010 GOLF COURSE- EQUIPMENT INVENTORY Replacement Value Gleawatar County Club _Fabruary 2010 1NV NAME- ?3iaTE `" RepMcement ENGINE SMAL PURCNAS.En MQUUT uatueas?ot2/15110 _ 'NUMQEB,_ WM@ER- 123 CLUB CAR 4=12-89 $4,495.00 $1,500.00 FE290D309748 Ser.# CARRY-ALLA E.C8928-175764 124 CLUB CAR 5-1701 $5,750.00 $3,400.00 FE350D080450 Ser#RG0133-049255 CARRYALL-11 127 CLUB CAR 2-16-99 $6,061.7 0 $3,000.00 'OE3500040175 Ser. # RG9917-759971 CARRYAL-L41 171 CLUB CAR 5-1-01 $5,750.00 $3,400.00 FE350DO8- 0446 Ser.#RG0133-049289 CARRYALL 11 .T2- .'- CLUB CAR 4/14/2003 $5,700.00 $3,800.00 FE350D BS11 .. RG0339 329977 CARRY-ALL TURF-2- 11 1SLJZU TRUCK. 3-18-94 $10,447.00 $2500 00* I.D4JA,AGL111.5R=8681 105 Toyota Tacoma 511412004 '$15,529-00 $6000.00* 05TENL42N24Z403304 TRU-GK r.. 49 FLAT SEAS TUILER 54-97-- . $1;OW.GCr- H84 56 3-WH. CUSH 7 01•$4 $6,380.00. $1,000.60 rase 3a841u 4CUNH2185K-Oba166 155 , .. FUEL TANK 11/3012006 $1,500.00 T66 1=f.1aTANK 1"1/3011005 st,50C3.0a E FUEL TANK/trailer 1/1/2009 $3,215:Op VIN. 5Tx-t20342stM 676 eze-Gas336-996-4396 FUEL TANK1tr?aiter 1/112009 $3,2'15.00 OW, .5Txi2os4291ooto6s EZE-Gas 336-996-4396 SPRAYERS- . al: 7-01-84 $2,000.00 $500.00 8PRAYF..R WROOMS 43- :V9RC(UlA Ser. 260000377 120 Q; XS 1_F= `' ?s : ?`0i .'00.0 Ser. 07065-250000145 02/18/1 U I GOLF COURSE EQUIPMENT INVENTORY Replacement value Clearwater County Club Pebruary 2010 SMI•TH60-300- 4-04-74 $1,721.00 $5(?.Ofl 1 Ser # GAL SPRAYER V v% k 740221-33 150-GAL. 1-01-98- $6:50aX? M-.rinn nn a?..?., ..:. rufWHASED AMOUNT 1/alue ofiftto 14UMEM NUM$fk '111 25,GA?L. 7-2"7 $395A0 SPFRYER-12V 145 15-GAL. 6-20-94 .$295.00 SPPArYER?12V 17 RAVEN 4-11-91 $2186.00 $500.00 Ford 600 SN 11669 CONTROL UNIT Ford 600, SGS44Q- 83 RAVEN 3124/2003 $2,281.00 Workman SN2296 GONTRIDL-UNIT SC5440-- SPREADERS - - - 70 LESGO WALK 14-05-93 $27&00 SPREADER . 7-1 LESCO WALK 11-08-93 $275:00 SPREADER 81 LES00 WALK 10-25.94 $275.00 SPREADOZ . 1-08 LESS WALK -0-29-96 $275,00 SPREAD EFt 170 LESCO COMBO 1/18/2005 $425.00 DR.OPICYCLONE 5PEE M 32- VICC3N 11/271L w $3"5t3 M` $7;5C3?06- 22"11'9099443-.. SPREADER ' 168 RUNG FERTIUZER 7126/2005 $5,495.00 SPREADER. 138 TRAILER FERTUIZER TRAILER 4122/2006 V-,80Q-.w 33 TY-CROP amok pass . 2125/2006 $13020.00 - $9.500.00 - Ser. 14608 300 T? Dr-esser- 4 02/18/10 GOLF COURSE E QUIPME NT INVENTO RY Replacem ent Vatue Clearwater Cou nty Club .Fabruary 20 :1 D ; .. nnor 24295/00037486 DATE Replacement ENGINE SERIAL 1NV- # - NAME ;PURCHASED AMOUNT value as of 2115190 NUMBERS NUMBERS 95 RYAN CORE 3/20/2001 $4,600.00 _ $1,000.00 Mod.2701530 Harvester ser- A0020297 141 SM. GANDY 3/8/2001 $460.00 97785 SPREADER AERATORS 79 GREEN GROOMM 873172005 $2,568.00 $1,000.00 724364 aRAG.BRUSH 89 TORO 7-21-99 $3,955,79 $1,200.00 44860-90110 AERATOR HAND TOOLS 11S ST1HL" 1111'-sg $567.0(J (A8XS-0254R$ POLE-SAW 82 JACOBSEff 1-1.9-00 $7,002.59 32024-5297 PUSHMOWER 154. JACOBSEN 1-0 99-97 $836.00 2 ",CYCLE S.N-32017- PUSHMOW-Ekl 4HP- 17-953 150 Stiht _ 2003 $379.00 1'S100RX LlNETRlMM€R 152 Stib1 2002 $379.00 FS200 LINE TRIMMER- 140 ST1Hl_ 8-6 99 $395 00 .FS-12-0- LM-TRII11 ME 147 - .STIHL .. 2004 $395,00 FS110R?C LINE TRIMMER 149 STI.HL 2491 $379.95 FS-200- LiNETRI1VlMER' 02/18/10 GOLF COURSE EQUIPMENT INVENTORY R eplaceme nt Value Clearwater County Club February 2.910 161 ST-IHL 2001 $579.95 LINE TRIMM8W FS 2Qa- 126 S•TIHL - 6/2/20/ 5 $395-00 LIN8-TRIMMER FS110 R 56 S ; NDIAWA $364:09 Strp Edger LE260 FNV.# NAME SATE PUI.CHASI=D • AMOUNT Reptaaement EAfOINE SEPJAL Value as of 2116110 NUMBERS NUMBERS 98 SHIN©tAWA 3/21 2 swo ,00 Blade Edger . -LE260 132 TRENCHER 12/28/00 $1040.00 153 REDM 4 - /99/02 $577 00. RECIPICATVR . . G2IEG 929 STINI 8- - r 3 99 $336:00 13LiOWER ?R-400 41 STIHI 1 2 r 9/ 6120(3 O E10 CHAIN SAW . 019T 46 STIII 4 . B/Bf #-Q2 $260 {-0 CHAIN SAW . 049T „ 34 STIHL 9 9-03-99 $396 00' 40"TRIMMER . 39625140 12sr f-Ted a Tdmer v210W $49900 H 1?q1$ . 1'99 STIHL .. 9fl-05 $ .t3fi 036 CHAIN SAW 128 STIHL 8 =2&-9S $3 00 CHAfNSAW . 02e I f}2 STIHL &/1711989- $489 00 CHAIN SAW 0332AV- 48 S•TIHL 8-13-95 $876:00 TS 540AV- QUICK CUT SAW 94 ELE WATER- 9 I ' ` 1 9G- $259.00- 12VDC- SU I'-3Q10 P UIWP lrr rgation 116h manual 1?I2 MANUAL R9 P 1 " 3/12102 :??xia _ara. 6 02/18/10 i GOLF COURSE EQUIpM NT INVENTORY Replacem ent value Ciewwater County Club February 200 ROLLER 62 PRESSURE 9-99 $3500 00' W,A(Z}{ER . 87 PRESSURE WASHER 2/22(20[17 $1,667.00 (GREEN Moa(lI,ER 68 130AT•10Ft 127-97 $150 00 w/oars . SN-4646 'FL-2238-:CV INV.# NAME. DATE I?UFiCMASE© ReplacementN?Ft? AMQUNT v SERK-L - alue asof2115/1o NUMBERS NUMBERS GENERATOR - 86 O.NAN T-'12-al 5854.Op GE?dERi?tT©R 1 Op17 l8 2.5 EGl-I"1 A 169 CENERATQR 11-09-98 $900.00 . SHOP TOOLS 27 7at3t 1060545 - $139:flQ- -------- ---- mac tools ELnTRIC 9-w-8g $-180:90 WELDER Ti?r?derbalt?r - JK540353 160 WHEEL, BARREL 2/23/EQbx $60.00.. ONE WHEEL 1€322 WkdEE-18A1 L 2/23/2007 $119.00 TWO-WHEEL 34 GAS-WELD 8611.80. $329.OD OUTFIT Torch Welder L P. GAS T30t95 $89.95 BOT rLES 0- L-R Gas Bottle 6/28/2005 $35.00 54 LP Gas Bottle 6/8/2005 $95.00 85 DINO PARTS 3-2D-93 $5,400.00 $1 200 00 WASHER WA , . washer#PW1o0 7 167 MAKITA Cho Saw 2000 $350.00 - 2414 91 HUSKY AI4 12/2/2094 $429 00 GOMPRf=SSER . o40? 7a3a4024j Ser 1281B06 7 02/18/10 GOL F COURSE EQU'PMENT INVENTQ ' RY Realaceme ntV ? a Value CJeawater Coup? Club Fe laruary 2nln 104 LT SANDER 2001. oQ GYODIA 113 HAP1D CART 1999 $259.00 18 Grey Hand. Cart 04 $80.00 28 PORTABLE 1989 $159 00 Ally TANK . 146. H d Sha Press 3/8/02 $1 500.00 Nu' NAME DATE PU?HASE Rgptacwwd ENGINE AMOUNT 1 o SERIAL V9 u as of 211 Rio NUAABERS NUAABERS 8 .BATTERY 1899 $389 00 EHARGEf . C348801 144 LAPPING MACHINE Reels 2000 $800.00 14 LESCQ SLADE 1-02-09 $352 43 SHARPENER . 172 DRILL PRESS & Table 1998 $1,500.OD 10... 59 SAW-ZALL 1992 $199:00 4Z -71 284 2A4383 _- .1$ HPZ RJl/U7' SET 9 9?l d = $59:00. - 77 SAND 10-11-99 $912.00 BLASTER 72 SHOP 1999 $200.00 BENCH GRINDER: 67 VISE iN YARD 5-01-84 $100.00 - 161 1/rSE Sho usect 13'i ?7 -------------- x.00 52 TIRE CHANTER 9345 $280 00 -------------- 159 OIL CRUSHER 11-13-96 $209.00 81 CHAIN HOIST 9-11.95 $346 00 GREY-SHOP . 2`ton PART # GRAINGER LHH-28 8 02/18/10 GOL F COURSE E QUIPME NT INVENTORY Replacement Value Clearwater Cou nty Club .Fahruary 2010 76 TROLLEY 9-11-95 $171.00 . 2-TON PART # GRAiNGE ' 42465 125 gHAUN HOIST orange 1-30-89 $1$7.75 GRAINGER 2Z7,B2 38 HYD. FLEET 198$ 152 00 .TACK . 91228 135 HYD. PALLET 02/27107 $350:00 .LACK 78 FLOOR JACK 2/13/2010 $299,00 tIVV:# NAME 'TE PURCHASED AMOUNT Replammenl Value as of 2!98/10 ENGINE NUME ERS- SERIAL NUMEWRS- 1.22 - BackSaver. 1.112372564 $A,781.55 Lift Fable 96. FLQ.DR J?.CK 2/612010 $299.00. 23 6 JACK STANDS, $40060 36 INFRARED 12-3M:3 $185.00 HEATER 37 INFRARED 12-30-493 $1.85,00 HEATER-' 21 SHOP VAC 212,512007 .$149-00 - 40 2 FAN (shop) 1-03-01 $939.78 QRCULATOR 114 'ICE-'BO 90 8iihi BG B- 10- 3/T912004 MOM 24 Stihl:Back Pack 6/2012:00.3 .$40.0.00 $t_OWF-R 116 MILWALKEE 2000 $249.00 GRIN08f? 137 SHOP HEATED 1/25/2006 $325:00 ? PRQ SNQP $7,500.00 H.?i?28]?9909- 02/18/10 GOLF COURSE EQUIPMENT INVENTORY'R eptaceme nt Value Claarwater County Ctub.February 2010 -1-63 SIN'. GAN8 1-24-97 $1,497.OE), BALL PICKER ush .'Y. SIV#8 f-d f34 _ -.. ?zzavoaao .139 BEVERAGE CART. 11512007 $6 500 00 , . FE35C1II134-03 .. RC70602-59D59&. OFFICE .22 VAC.-CLE ANER1Office 10-20--94 $99.00 EUREKA BRAV0-9:0 1NALkS1NG. MOWERS. 181 Toro 1000 111212004 '$2 500.00 - $1,500.00 Walking Greens Mower- 1NV.# " NAME DATE `PURCHASED AMOUNT Replacement ENGINE _ SERIAL - value as of2115110 NUMBERS NUMBERS 182 Toro 1000 10115/2004 $2,500.00 $1,500.00 Walking Greens Mower 183 Toro 1000 8/17/2004 $2,500.00 $1,500.00 Walking Greens Mower 184 Taro 1000 911612004 $2,500.00 $1,500.00 --- ------------------------ Walklno.Greens Mower 185 Toro 1000 618/20!14 $2,500.00 $1500.00 Walking-Greens Mower 186 TORO 1000 2/17/2004 $2,500.00 $1,500.00 Walking Greens Mower - 187 TORa-1g0a 21.171=4- U 5aam_ Walkins duns mwver 80. Cr-ane--Pu- ..House- 1127/03. $1,X01.00 8 Booster Pack $200.00 9 TORO KJT 1/13103 $385 00 ---------------- . TOOR4d7t1 13 Troaley 1/14/03 $215.00 19 TROLLEY 1 /14/0.3 $216.00 . 31 WELDER $1 848 46 ' , . stack# 903868 LC611437 45 Marc Lift 9/23/07 $658.50 10 02/18/1 n ?r GOLF COURSE EQUIPMENT INVENTORY Replacement Value Gleaxiatar County Club.February2010 v3 EACK 13LOWER 12/17/O2 $40? L1Q 256853NO I 57 Measurin t/Vhdol 2/19103 $59:F3F} I 115 TQrd.6f a 3/4,63- $1 Rffi l1I1 Mum m Q070.1 -2j 0.Qt1=4 Pro -Core aerator TGTAL MZ673:61 $558-500:00. The above inventory is accurrate as or"nuary 201-0. Alrprevrousry fistedinventory has been discard `Covered under auto insurance r 1 11 02/18/10 11on0.3eable Pa.m DuboV Pinellas COUnty Property P.O. Box 1957 Clearwater FL name and address Is incorrect make necessary This return subject to audit with all records kept by you. Incomplete enures are subject to penalties. 1. Please give name and telephone number of Owner or Person in charge of this Business. Name PAULA PENIX Corporate Name Telephone 727-446-9501 CLEARWATER COUNTRY CLUB - 2. Actual Physical Location of Property for Which this Re(= Is Fled (51ee1 Adds MLp.0. Bond 525 NORTH BETTY LANE 3, Is your buslnesa/farm located within the Incorporated limits of a City? Yes No what city? CLEARWATER 4. Do You File a Tangible Personal Properly Tax Relum Under Any Other Name? Yes No X Please Show name Exactly as It Appeared on Your most recent Personal Properly Tax N or? Ogler current Tax Relum. 5. Data you began business 12/31 15 -2 In this county: Fiscal 12 year 5a. Atllough MY Bawl year ended prior 10 December 31 of the past calendar year, tlds mWm reAecls properly addigons and deletions through December 31. Yes _ No _ 6. Describe Type or Nature of Your Business: 0 7. Trade Level (Check as many as apply) Retail Wholesale Mfg. [] Prof. [D Service [] Ag, © Leasing/ ® Other Rental 8. Did you file a Tangible Personal Property Return in this county last Year? Yes X No It so, under what name and where? Same as above 9. Former owner of the Busn.: 94%. N Business said, to whom? Personal Property Summary Taxpayer's Esgmate of TH u E ONLY-The Schedules on the $gygLS,$IDE Fair Market Value JIM must be completed in detail and TQTALS entered below. or DEPRCQIATION S E showing Original Cost & Date of Acquisition. 10. Office Furniture& Office Machines & Librar 11. EDP Equipment, ( 12. Store, Bar & Loun 13. Machinery and Mr 4. Farm, Grove, and 5. Professional, Mod 6. Hotel, Motel, & Ap ea. Rental Units - $toi 7, Mobile Home Attar lputers, Word Processors and Restaurant Furniture & 'aoturim Equlpment tar Equipment , Dental & Laboratory E jul nenl Complex Refda., Furniture. Dreoes & 6. Service Station & Bulk Plant Tools 23 0. lsasehoMl Improvements must be PM by typeyear of Installation and - - 1, Pollution Control Equipment 2. Equipment owned by you but rented, leased or held by others 3. Supplies - Not Held for Resale 4. Other - Please Specify i TOTAL PERSONAL. PROPERTY 682,9221 nder penalties of perjury, I declare that I have read the foregoing tax return and the LESS EXEMPTION:( ) WIDOW ( ) WIDOWER t ) BLIND ocompanying schedules and statements and that the facts stated in them are true. If repared by someone other than the taxpayer, the preparer signing this return certifies TOTAL DISABILITY OTHER rat this declaration Is based.on all Information of which he/she has any knowledge. Taxable value ATE TITLE IGNED Deputy Penal (TAXPAYER) Please sign and dote your return, send the original to the county appralser's office by April 1, unsigned returns cannot be accepted GNED (PREPARER) by the appraisers office. Andrew J. Coanady, CPA ]DRESS St Pete Beach, FL 3373 6-7213 Notice: if you are entitled to a widow's, widower's or disability ,- exemption on personal property (not already claimed on on real estate) TONE NO. 727-360-3481 PREPARER'S I.D.a P00367476 consult annralser. CSOL Tangly ersonat Properly Tax Return Appraiser Confidential § 11193.074 F.S. As Required by §§ 193.052 & 193,062 F.S. Return to 33757 County Property Appraiser By April 1 to Avoid Penalties State of Florida, County of Pinellas 2010 Business Name (DBA - Doing Business As) and Malling Address County ID 0029076 - CLEARWATER COUNTRY CLUB Federal Employer Iden. No 59-3697958 525 NORTH BETTY LANE Social Security Number CLEARWATER FL 33755 1 --1 Original Appraiser's Installed Use only Cost 69 R-405 R. 1 Cl(BARWATER COUNTRY CLUB 59-3697958 fla?l rage z ' Tangl ?ersonal Property Tax Schedules (Enter Totals ioiorue 1) ASSETS PHYSICALLY REMOVED DURING LAST YEAR Retired Sold Traded Etc. Property fully depreciated but continuing In service must be reported on thhe?schedule$ below. DESCRIPTION AGE YEAR T FAR MKT VALUE F ORIGINAL INSTALLED COST LEASED, LOANED, AND RENTED EQUIPMENT - Please complete If you hold equipment belonging to others. LEASE YEAR RENT PURCHASE NAME AND ADDRESS OF OWNER OR LESSOR DESCRIPTION ACQUIRED MFG. MONTH RE COST INSTALLED YES I NO LINE 10 Enter Applicable Line Number (10-24) From Page 1 EgTIIMATE OF TAXPAYER'S Condition E$TI ATE OF ORIGINAL DESCRIPTION OF ITEM AGE PURCHASED F?LUE MARKET GoodAv Poor IN C08TED APPRAISER'S USE ONLY Condition FURNITURE & FT URES SEE TTACHED 1 xi 104 ,692 Enter TOTALS on Front - Continue on Sep. Sh et If Nec. x 104,692 X LINE 13 Enter Applicable Line Number (10-24) From Page 1 DESCRIPTION OF ITEM AGE GOLF COURSE EQU PMENT ATTAC ED X 576,988 BALL WASHER X 1,242 Enter TOTALS on Front - Continue on Sep. Sheet If Nec. x 578,230 X LINE Enter Applicable Llne Number (10-24) From Page 1 DESCRIPTION OF ITEM AGE °_nter TOTALS on Front - Continue on Sep. Sheet If Nec. x x _INE 22 EQUIPMENT OWNED BY YOU BUT RENTED, LEASED, OR HELD BY OTHERS TAXPAYER'S T Tq?PAYER'S ESTIMATE OF RENT E ESTIMATE OF Condition NAME/ADDRESS OF LESSEE YFAR PER R FAIR MARKET RETAIL INSTALLED -EASE NO. 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N v1 ?D N M Vl oo CJ+ ?0 00 O ..r M d' in %c opw p n dCOCNNNNNdeteh??vl?O?ol?nnnnoo q N L ??V•1 Vl V'1 M141 V1 In V1 Y1 v, vlvlto%A v, VY%n%n%n vi in to r? p t 1 t s r I I CLEARWATER COUNTRY CLUB MANAGEMENT, INC, STATEMENTS OF FINANCIAL POSITION DECEMBER 31, 2009 AND 2008 ASSETS 2009 CURRCIFVT 6,A Cash on hand $ 1,250 $ Cash in bank - operating (57,884) Money market funds 48,011 Escrow Accounts receivable 150,766 Inventories Bar 11,469 Paper supplies 1,765 Food 9,333 Golf course supplies 31,149 Pro shop 29,772 Total current assets .225,631 PROPERTY BUILGINGS AND EQUIPMENT Land Clubhouse Land improvements 692,907 Golf course equipment 669,835 Kitchen equipment, furniture and fixtures 112,332 Work in progress 1,475,074 Less accumulated depreciation 1.,125, Total property, buildings and equipment 349,123 TOTAL ASSETS $ 574,754 $ I 2008 1,250 (34,876) 41 942 199,340 10,895 1,411 9,394 39,090 30,509 257,996 692,907 661,913 112,332 6,430 1,473, 582 (1,086,944) 386,638 644,634 The accompanying notes are an integral part of these statements. 2