PRINCETON — Patoka Township Trustee Bruce Fisher and the township's advisory board meets at 4:15 p.m. Wednesday to consider using $208,500 to buy the 60-acre Princeton Country Club property.
Fisher confirmed that the township will decide whether to submit an additional appropriation request to the State Board of Accounts to use $208,500 of some $1 million which has been invested since the merger of the Patoka Township and Princeton Fire Departments into the Princeton Fire Territory.
The funds belong to the township and have been invested since the merger. A legal notice published earlier this month advertises the appropriation of $208,500 for capital outlays.
In general, the proposal does not put the township in the position of operating the golf course, Fisher emphasized. The township would own the property — which includes a 13-acre driving range located in Patoka Township and the adjacent 47-acre 9-hole course, clubhouse and other buildings situated in White River Township. The proposal would call for the Princeton Country Club operating the golf course, leasing the property from the township.
Fisher said he sees the investment as a win-win proposition, preserving one aspect of quality of life in the area. The public course operates on membership fees and greens fees for those who are not members. Princeton Community High School's golf teams use the course for competition as well.
He said two other townships in Indiana own golf course properties.
Fisher said he researched the concept and learned there would be no tax impact to White River or Patoka Township residents, since the golf course is a non-profit organization. If for some reason the country club dissolved in future years, the township could sell the property for other development. The property is appraised at $441,00, Fisher confirmed Friday.
Fisher is a former board member of the country club. He said he remains a member, but is no longer on the board. Township advisory board members are not voting members of the country club, either, he confirmed.
Fisher said Friday that the board of directors of the Princeton Country Club met Thursday night to consider the township offer. Messages were left Saturday morning with two country club board members, seeking additional comment.