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09-16-1992 RACC RPTS
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2. Mt. Rubidoux Golf Course <br />Park & Recreation Property <br />38.86 Acres + 3.67 Ac to be sold for 19 houses. <br />5 of 18 holes of golf course, driving range & clubhouse on <br />property. <br />Rent - 10% of Fair Market Value (highest & best use) - <br />First Year Free <br />2nd Year - $71,850/yr <br />3rd Year - 50th year Annual CPI <br />Term: 50 Years - 8/1/90 to 7/31/2040 f right of first refusal. <br />No regulation of fees <br />
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