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531 DOMINION AVENUE ¢ R.R.1 © PORT COQUITLAM,B.C. « V3C 3V4

Thursday, December 22nd, 1977.

Alderman Phil Ranger
Chairman

Planning and Zoning Committee
Port Coquitlam City Council
2272 McAllister

Port Coquitlam, B.C.

RE: POCO VALLEY GOLF COURSE
STATUS REPORT

Dear Alderman Ranger,

This report has been prepared for two primary reasons. First, to provide you, Mayor
Jack Campbeli, other members of Council, and appropriate administrative personnel

on staff, of the prevailing status of this public recreation facility presently maintained,
in part, on iands owned by the Municipality of Port Coquitlam. Secondly, to suggest
and solicit response to several options for action that might be considered by the Council
in the best interests of the people of Port Coquitlam.

| believe that the Council has been apprised of most of the historical background of the
PoCo Valley Golf Course project. Since the enterprise was placed in receivership by
Court Order in August of 1976, Mr. Banns, staff members at Touche, Ross and Company,
and the writer have vigorously persued the following activities in an attempt to alleviate
the growing indebtedness to the Bank of Montreal, the original lender for various stages
of golf course construction:

1. Generate new revenue sources in the building by opening the course to general
public use and public playing membership operating philosophies.

2. Generate new revenue in the building by opening a new dining and dancing
lounge on the second floor of the building.

Generate new potential revenue sources by attracting tennis players to the
ultimate utilization of the facility and proposed year round tennis surfaces.