Associated Students Inc. voted unanimously Sept. 29 to go through with a piece of legislation that will allow Peak Adventures to begin negotiations to purchase River and Rock Adventures, a rafting company based near the American River.

Meika Stoddard, director of engineering and computer sciences, said that Peak Adventures hopes to model its program after the one that UC Davis has, which is one of the biggest moneymakers for the campus.

“We hope to train students to be raft guides,” Stoddard said. The plan would be that students could become certified guides in exchange for leading two rafting trips for free. Rafting guide courses can cost from $250 to $450.

Jael Young, director of peak adventures, said the new program will appeal to many organizations on campus that are looking for team-building events at a lower cost.

“I know of at least three organizations on campus who went rafting this year,” Stoddard said. “That business could have gone to Peak.”

Purchasing the company is expected to raise revenues for Peak Adventures by $30,000 to $60,000. Three Sacramento State alumni own the company, which is still making money, but they started the business as a fun thing to do outside of their professional jobs and it ended up being a lot more work than they had thought. Peak Adventures is the primary buyer for the company.

River and Rock Adventures is currently asking $116,800 for all of its assets, but Peak Adventures plans to remove some things, such as computers because it already has its own computer system in place.

Because there may be changes to the price before the deal is finalized Stoddard asked that the limit of $120,000 be stricken from the legislation and that no cap on the loan be established at this time.

Randy Morgan, director of finance, said that he expects the price to remain at or below the original $120,000, but he thinks that not having a cap will give Peak Adventures more flexibility when negotiating with River and Rock Adventures.

“Fifteen-passenger vans are out,” Morgan said. “It’s been declared that they’re not to be purchased anymore.”

He said that this is one of the biggest reasons that Peak Adventures needs to be able to change the amount of the loan since it may need to purchase other vans for transporting rafters to and from the river.

The only other change made to the legislation before it was passed was that the loan was changed from a five-year contract to a six-year contract. Stoddard said that it would be better financially for Peak Adventures as a six-year loan.

Peak Adventures will have to come back with the working numbers and ask for a new piece of legislation that must be approved by ASI before any money can change hands.

Young said if ASI passes the final loan price it will create better fiscal success for Peak Adventures over the years.