As elsewhere described, on March 26, 1976 the IVGID Board adopted Resolution No. 1244 which directed its chairperson to enter into a written agreement with Japan Golf Promotion (U.S.A.), Inc. (“JGP”) for the District’s purchase of Incline Village’s two golf courses, Bowl Incline, and The Chateau for $1,200,000. And on July 19, 1976 the IVGID Board adopted Resolution No. 1262 which authorized issuance of $5.71 million of revenue bonds (labeled “the Special Obligation Bonds of 1976”) the proceeds of which, in part, paid JGP its agreed upon $1.2 million sales price for Incline Village’s two (2) golf courses, The Chateau, and Bowl Incline. And of course on July 12, 1976, in anticipation of servicing the Special Obligation Bonds of 1976, the IVGID Board adopted Resolution No. 1261 which doubled the Recreation Facility Fee (“RFF”) to pay the servicing and repayment costs associated with those bonds.

Why We Acquired The Chateau: Unlike the District’s beaches and golf courses, no reasons appear in past minutes for the District’s acquisition of The Chateau. Leading us to conclude there were no reasons other than it was included in the purchase of the golf courses.

Recreational Facilities Master Plan: We find this reasoning to be irresponsible given the District’s June 2000 Recreational Facilities Master Plan which had this to say about The Chateau:

“Built in 1963…both the building’s interior and exterior are dated…not reflective of the community’s high standards…as well as showing signs of deterioration, despite seven (7) renovations since it opened…The pro shop and offices on the lower level are in particularly poor condition, and none of the restrooms in the facility (is) ADA compliant.”

Why then would the District voluntarily take on this albatross?

Whatever the answer, now you know how, when, and at what cost the District purchased The Chateau! 

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