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C-148-23FinanceActiveFollow Matter

West Shore RCMP Detachment Expansion Project Funding

First seen: November 21, 2023
Last seen: November 21, 2023

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November 21, 2023Council
Full Recording

West Shore RCMP Detachment Expansion Project Funding

"The Director of Finance explained that using a CRD sub-regional service is the recommended financing structure to manage the $82.5M project cost (plus contingency), primarily because it avoids the risk of one municipality failing its individual electoral approval process and allows for equitable cost apportionment based on shifting assessment values over the debt term. Council debated whether to use the Town's Growing Community Fund cash now or save it for potential project cost overruns above the $103M maximum borrowing limit."
Formal MotionPassed
"THAT a letter be sent to the Capital Regional District (CRD) requesting that the CRD establish a subregional service for the purpose of funding a joint West Shore RCMP Detachment Expansion capital project up to $103 million."
Moved by: John Rogers
Seconded by: Don Brown
Sid Tobias
Don Brown
Damian Kowalewich
Gery Lemon
Alison MacKenzie
Ron Mattson
John Rogers