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RON DUPUIS
Ward 3
Councillor
WEEKLY COLUMN
March 7, 2006 |
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I was very pleased to see the response to my last article
concerning a multi-use centre. I would like to thank everyone who emailed
me with their thoughts. The majority of you made it quite clear that the
city should not be involved financially with such a project, and that this
venture should be left in the hands of the private sector.
This week at council, we will be discussing the South-end rock tunnel and
how the remainder of the shortfall should be financed. ( roughly $4
million ) Council was advised in June that the estimated total cost for
the project was $31,075,000.00 and that funding was in place as follows:
$14,248,300.00 Previously approved through
Capital Budgets
965,000.00
Previously approved through Capital Budgets
Marcel/ Bouchard lifts
8,400,000.00 committed
from the Province
340,000.00
culvert work to be funded from the Roads Capital
Envelope - 2006
106,700.00
from the Sewer and Water Payments Reserve Fund
1,000,000.00 from the
2006 Wastewater Capital Envelope
1,000,000.00 from the
2007 Wastewater Capital Envelope
1,015,000.00 from the
2008 Wastewater Capital Envelope
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$27,075,000.00
Options were presented to council on ways of raising the outstanding
balance of $4 million. The recommended option from staff is that we
recover this money from future development on the benefiting lands which
means that the $4 million would be amortized over 40 years through a fees
by-law. Each single family residential dwelling would be charged $3,760.00
and a multi-family dwelling would be charged $2,260.00.
This matter will make for a very lively discussion.
I would like to hear from you on how we should handle raising the $4
million shortfall.
Ron Dupuis
897-6410
ron.dupuis@greatersudbury.ca |
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