Since 1977 the City of Billings has contracted the management of the Par 3 Golf Course with the Exchange City Golf Corporation (ECGC) made up of three Downtown Exchange Club members and two Billings residents appointed by the Mayor. The management contract with ECGC expired December 31, 2018.  A new contract must be approved for the ECGC to continue management the Par 3 Golf Course.

Staff has analyzed the following alternatives.
1. Authorize the Mayor to execute the proposed management contract. (recommended).
2. Request specific changes in the agreement.
3. Determine alternative means of managing the golf course.

The financial impact of the management contract is significant. The City of Billings receives 2/3 of the profit from the golf course operations. ECGC receives 1/3 of the profit. The City of Billings traditionally receives $20,000 annual profit from the management of the golf course. ECGC is required to spend their proceeds on outdoor recreation projects in the City of Billings.

Staff recommends that Council authorize the Mayor to execute the Exchange City Golf Course management contract renewal.