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Meadowlark Golf Course Photo


Meadowloark Golf Course is the only public golf course in Huntington Beach (the other 18-hole course is the private SeaCliff Country Club, which includes tennis courts and a clubhouse the public can rent for special events.) In 2008 the City of Huntington Beach entered into an agreement (Consent to Sublease Agreement) with the operator of Meadowlark public 18-hole course, American Golf Corporation, a California Corporation, CNL Income EAGL Meadowark, LLC, a Delaware limited liability company, as subtenant, and Evergreen Alliance Golf Limited, L.P., which operates the premises. Sound confusing' Here's the scoop!

In 1974, the City of HB entered into a lease agreement with American Golf Corporation for the operation of Meadowlark Golf Course. In July 1992 a new agreement was approved. Its revisions provided major capital improvements to the golf course and gave the city additional control over the operational standards of the golf course.

American Golf Corporation then entered into an agreement for transfer of 42 golf course properties across the U.S., one of which was Meadowlark Golf Course. CNL, a real estate investment trust (REIT) that invests in income-producing properties with a focus on lifestyle related industries such as golf courses, ski resorts, marinas, amusements, theme parks entertainment centers and other recreation assets. CNL net worth in 1998 was estimated at $1.4 billion.

Because of certain rules, REIT's are not permitted to operate golf courses directly. Therefore, CNL leases its course operations to other companies. EAGL is one such company.

The City of Huntington Beach approved the lease agreement with a stated Strategic Plan Goal L4 of creating an environment that promotes tourism to increase revenues to support community services and transform the city's economy into a destination economy.