Officials close on new golf course lease agreement
Published 7:54 pm Tuesday, February 26, 2019
The Warren County Board of Supervisors is moving closer on working out a lease agreement with the Vicksburg Warren School District in regard to Clear Creek Golf Course, which sits on 16th section land.
According to county attorney Blake Teller, the school district attorney, county tax assessor Ben Luckett and the Secretary of State’s office have been in discussions regarding reassessment value of the golf course, which is owned and operated by the county.
State law requires a reassessment of the value of the property, which expires at the end of March. The school district is required to charge 5 percent of the assessed value.
“Everybody is on board working together, trying to minimize the damage, so to speak, of what the increase will be,” Teller told the supervisors during their work session Monday.
According to Teller, Luckett assessed the value of the golf course at approximately $875,000. An appraisal came out at $1.375 million.
“The Secretary of State worked with us very well,” Teller said. “They got comfortable with 3,000 an acre, which is $858,000. And 5 percent of that is $42,900.”
Teller said the school district has agreed to pay the county for rounds of golf when the school teams use the course.
“They came up with an estimate of 800 rounds at $18 per round or $14,400,” Teller said. “So take that out of $42,900 and you have $28,500.”
The county currently pays $8,500 on the lease.
“It’s definitely a big increase, but not where it was going,” Teller said. “You take 5 percent of $1.375 million and you’re looking at $68,900. So this is a good solution.”
The school board and the supervisors, as well as the Secretary of State’s office, will have to approve the new lease before it takes effect.