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1999 plan, but rejected the golf course placement in the middle
of the dry lake area. In December 1999, a new general
development plan report (December 1999 plan) was presented to the
Coconino County Board that encompassed a land swap with Bob
Simple (Simple), who owned land adjacent to the subject property.
Simple traded 250 acres of his property for the dry lake caldera
and 36 acres of developable sites. Simple then sold the dry lake
caldera to the Grand Canyon Trust, and it eventually became the
property of the Federal Government under control of the Coconino
National Forest.
FRGC’s Partnership Returns
On its 1997 Form 1065, U.S. Partnership Return of Income,
FRGC reported interest income of $14,095 and “other deductions”
of $669,126. The claimed deductions consisted of the following:
Management and supervision $158,000
Marketing expense 104,851
Office and overhead 188,000
Course design 23,620
Engineering 61,435
Environmental fees 26,111
Hydrology 2,582
Land planning fees 24,741
Zoning fees 19,901
Travel 2,758
Other fees and expenses 10,000
Land acquisition 8,103
Accounting fees 5,850
Planning fees 31,372
Amortization expense 1,802
Total $669,126
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Last modified: May 25, 2011