The following item was provided to Park Watch by the Friends of the Theodore Wirth Par 3:
Uncertainties and Unknowns In the May 1st version of the Welcome Center MOU
100% of the Fundraising will not be secured before some significant activities begin or are completed.
The nature of a Fundraising “Commitment” is unknown.
No source of funds for the Back 9 Redesign has been identified.
There is no agreement yet on the design of the changes to the Back 9.
The amount and source of necessary additional funds have not been identified.
There apparently is still a potential issue with respect to State bond financing and any lease or management agreement.
A new draft of the Lease Agreement for the Welcome Center Building has not been provided.
A new draft of the Management Agreement for the Silent Sports Center area has not yet been provided.
The Foundations business (financial and management) plan has not been provided.
The MPRB Finance staff’s preliminary evaluation of the Foundations business plan has not been provided.
The MPRB Finance staff’s in depth analysis of the Foundations business plan has not been completed or provided.
The MPRB Legal council’s report on the approval of the Foundation’s business plan has not been provided.
The Foundation’s Business plan has not yet been approved by the Minnesota Commissioner of Operations Management and Budget.