An Update from Prospective Owner of Chamisa Hills Golf and Country Club

(from Michael Schumacher):



I wanted to take this opportunity to provide an update to those of you who have reached out over the last couple of months to offer support, as we work to complete our acquisition of Chamisa Hills. As most of you know we do have an executed definitive agreement to acquire the assets of Chamisa Hills (which entailed significant earnest dollars in support of the transaction) and are now finalizing due diligence. One of the critical factors in a successful acquisition and enhanced operation of Chamisa Hills is addressing the water rate with the city to arrive at a rate that is both economically viable for the property and beneficial to the city. In support of that critical factor we have made a proposal to the city regarding water rates which we feel meets that goal. I am attaching both the proposal and the city administration’s memorandum regarding that proposal.

The next steps in the water rate question are as follows:

-Utility Commission will meet on Tuesday, August 20 at 6 pm at City Hall. In accordance with the City Code, all recommendations for adjustments to utility rates must be submitted to this Commission for recommendation to the Governing Body. I will be attending and offering a presentation as part of the meeting…hope to see those interested in attendance.

-Governing Body meeting and first reading of request at the 8/28 meeting of the Governing Body. I will be attending and commenting as allowed under the rules of the meeting…hope to see those interested in attendance.

-Governing Body meeting with vote on request the 9/11 meeting of the Governing Body. I will be attending and commenting as allowed under the rules of the meeting…hope to see those interested in attendance.

I encourage you, and those you know who are interested in the water rate and its impact on enhanced operations of Chamisa Hills, to participate in the process by attending these critical meeting and/or reaching out to the Utilities Commission members and the Governing Body members to offer your input. I will say that to date the city administration and the Governing Body have been receptive and I believe genuinely want a water rate solution that allows for the enhanced operations of Chamisa Hills, focuses on water conservation, and meets the needs of the city…I believe your input is critical at this point. Please help get the facts out to interested constituents.



Most Respectfully,

Mike

Michael Schumacher, MBA, DBA(abd)
Chairman, CEO, and CIO BIZDOC, Inc.

EDITOR'S NOTE: IT WAS NOT POSSIBLE TO CONVERT THE FILE FOR VIEWING HERE AT THIS SITE. WE HOPE TO GET A READABLE FORMAT UP SOON.