Agreement to “Gift” Rolling Hills Golf Course
to
Kitsap County Announced
(Port Orchard, WA)- The Kitsap County
Board of Commissioners shall review at their regularly scheduled Work Study
Session on Wednesday, August 18th an Agreement Accepting Gift of Rolling
Hills Golf Course.
Don Rasmussen and Kerma Peterson are gifting the
Rolling Hills Golf Course to Kitsap County. Under the structured agreement,
the County will acquire the property at no cost other than its own due
diligence costs prior to the acquisition’s closing. The property includes
over 107 acres of recreational land, irrigation system, well water rights,
and all golf course and restaurant buildings and equipment.
The gifting of the golf course to Kitsap County
also results in a gift of $4 million to the Pink Light Foundation, which
supports “Meals on Wheels” programs throughout the Puget Sound region. Under
the agreement’s terms, the County will lease back the golf course and
restaurant to a company owned by the current management of Rolling Hills
Golf Course, Golf Professional Tedd Hudanich and Greens Superintendent Greg
Peterson, ensuring continuity and providing the same quality of management.
The company will make $200,000 lease payments to the County for 20 years.
The County will then pay $200,000 to the Sellers who will gift the payments
to the Pink Light Foundation. After $4 million has been gifted to the Pink
Light Foundation over a 20 year period, the anticipated profit from Rolling
Hills Golf Course will then be used to support parks and recreation programs
throughout Kitsap County.
An oversight board will supervise golf course
operations/restaurant property, operations, and the lease, to ensure that
the property is operated and maintained to industry standards. The members
of the oversight include representatives of the Sellers, County
representatives, and members from the community with financial and
recreational expertise.
“This unique agreement provides Kitsap County the
opportunity to permanently acquire a recreational amenity at no capital cost
to county taxpayers, while at the same time secures critical funding for
“Meals on Wheels” programs to serve seniors in need,” said County
Commissioner Josh Brown, “This agreement was made possible through the
community spirit, generosity and kindness of Don Rasmussen and Kerma
Peterson whose gift to the people of Kitsap County is an inspiration.”
Commissioner Charlotte Garrido added, “The
generosity of Don Rasmussen and Kerma Peterson cannot be understated. This
agreement will touch the lives of thousands of seniors in need and preserve
a recreational amenity forever.”
“This acquisition helps to ensure that along with
the 400-acre Illahee Preserve, critical recreational opportunities are
available in the heart of East Bremerton,” observed Commissioner Steve
Bauer.