Oakwood Golf Club will need new ownership in 2018 in order to continue its existence.

The City of Houston will hold a public forum Aug. 21 as it ponders a proposal to purchase Oakwood Golf Club east of the community.

The meeting was set Tuesday night during a meeting of the Houston City Council, which received the offer from owner Bud Evans, who earlier announced he planned to either sell the 73.8-acre course or close it at the end of the season.

If approved by the council, the transaction includes a $325,000 purchase price, which includes a $30,000 payment to Evans, assumption of debt from Security Bank of the Ozarks and Wells Fargo and completion of a golf cart payment for two years at $9,600 annually, City Administrator Tona Bowen said. The hearing starts at 5:30 p.m.

Bowen will serve as moderator. Guests will be allowed 3 minutes each to speak, and speakers are expected to alternate between “for” and “against.”

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