Stockton Golf and Country Club, a California Nonpr

Introduction 18 Before the court is a Debtor in Possession’s Motion to 19 Determine the Value of Collateral Securing Claim of Bank of 20 Stockton and the Extent of Bank of Stockton’s Secured Claim 21 Pursuant to 11 U.S.C. § 506(A) [sic] and Fed. R. Bankr. P. 3012 22 filed by debtor and debtor in possession Stockton Golf and County 23 Club, a California Nonprofit Mutual Benefit Corporation (“SGCC”). 24 The motion is opposed by SGCC’s primary lender, the Bank of 25 Stockton (“BoS”). 26 SGCC operates the property subject to valuation as a private 27 golf course, country club, and event center in Stockton, 28 California. The property has been operating as a golf course since 1914. It includes an 18-hole course with amenities and improvements, clubhouse, pro shop, maintenance compound, fitness center, pool, cart storage, and practice facilities consisting of putting and chipping greens.1 The Golf Club has been described as a gem of the San Joaquin Valley. It is a pillar of the Stockton community. It has survived two world wars, two pandemics, and numerous economic downturns. Faced with declining membership and significant financial pressure from…