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For a number of years, TY Investment, owner of Carlton Oaks Golf Course in Eastern San Diego, has wanted to add to their golf course. In order to do so, the owners of the Santee-based company hoped to purchase a portion of golf course currently owned by the City of San Diego. Company representatives said the $240,000 they paid a year to lease the property was too much.

April 2010, San Diego's Real Estates Assets Department informed the company that the City would sell the land for $3 million.

The deal hit a rough patch. Because the land is located on the edge of the San Diego River in flood plains, a state conservancy group, saying the sale of the property would jeopardize conservation efforts.

In October 2011, members of San Diego's Land Use and Housing Committee requested an alternative; to write up a lease that would satisfy the golf course owner and be agreeable to the City.

On Wednesday, staff will return with their solution. If approved by the committee and then the full council, the terms of the lease will change. The City would rent the property to TY Investment for 40 years, charging $150,000 a year with a 2.5 percent annual increase. However, company officials have agreed to hand over the title for 2.6 acres of land near the river and grant the City access. The land and access point drives the cost of the lease down to a total annual cost of $132,220, more than $100,000 lower than the previous lease agreement.

The committee will hear the item during the 9am session on Wednesday April 11.

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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