No Move-In Date Yet For New RCMP Building
The new Prince George RCMP Detachment was officially unveiled back in November 250News file photo
The City's Manager of Civic Facilities, Greg Anderson – the Project Leader on the new facility – does say the timeframe is down to weeks, not months.
The general contractor, Maple Reinders, had a substantial completion date near the end of December. "The architect – who is the consultant in our contract with the general contractor – is reviewing their application (for substantial performance on the project)," Anderson says. "They're going through the process to see if they did, in fact, meet it."
And while early indications point to all requirements being met, Anderson says, "The general contractor is completing a number of items that are considered deficiencies, based on inspections by the architect and engineers that designed the facility." He says there are no major problems, just routine issues that pop up with a project of this size – things like minor imperfections in painting, minor gyproc repairs, and ensuring grout has been installed where needed.
The city manager says there were no bonuses or penalties workerd into the contracts the City has on this project, so the deficiencies just hold back payment to the contractor until the work is complete.
"Once we have everything complete by the general contractor, we'll enter a stage where we have a couple of weeks of work that have to be done by the RCMP to get a number of electronics systems (intrusion control, access, telephone and computer systems) set up in the building before we can consider moving the staff from the existing building to the new one." Technicians from the RCMP's E Division in Lower Mainland will be installing those systems.
And, then, it will be time for the big move for the 140 RCMP members, 65 municipal staff, and Bylaw Services employees who will call the new facility 'home'.
"We haven't put out a move-in date at this point, just because we're trying to tie up enough loose ends, so that it can be an accurate date and everybody can work to that date."
Comments
turn it into a homeless shelter
Crikey, and it cost how much again?
The place looks like a dump compared to this:
http://www.cbc.ca/news/politics/inside-canada-s-top-secret-billion-dollar-spy-palace-1.1930322
LOL ;)
cough 39 cough million ahem
And who said crime didn’t pay.
Spend all that money and cant figure out a date to move in… didnt it first start that it would be occupied in the summer of 2013.. wow.. and we wonder why our city managers, mayor and council is a joke..
39 million my ass. Factor in the interest and any other associated cost (eg free parking!) and the real price is a lot more.
Bu that’s OK I suppose. We can live in a dump of a city while a select few enjoy their palaces.
The money $38 Million was borrowed over a 20 year period, so the interest will be in the area of approx. $30 to 35 Million so end cost over $70 Million. Actually closer to $80 Million when all is said and done.
So as usual those work work for us get the elevator, and we get the shaft.
i thought the saddledome in Calgary was the uglist building in Canada , but nope, PG you won.
Thanks for the link NMG.
I recall posting that the amount of money we are starting to spend on public buildings that are for those who police our citizens shows that we have a lot in common with other police state countries in the past as well as the present that spend an inordinate amount of money for showpieces.
Your link brings that point home even more. Over a billion collars for a staff of 2,000. And I won’t even touch the issue of why we need that size of staff for our baby version of the southern neighbour’s “homeland security”.
Palopu … give us some details of your interest calculation. What interest rate are you using? Your and I go over this each time. The money is being borrowed from the municipal finance authority. I think the rate is 2.4% for the next 5 year period.
Factor in inflation and they are practically giving the money away….
BTW, this type of building, not even considering the internal guts that the RCMP is responsible for, is a high tech building and I really have concerns that City Hall staff have enough know how to maintain it. They will need some training. The building comes with a user’s manual or two.
Let’s put a positive spin on things. Its a lot better then the old shack they have and will be vacating soon.
Doesn’t matter what it looks like. Not like any of us will be walking inside it.
Maybe they are embarassed to move in.
Waiting for the perfect perp to help cut the ribbon and help carry the fingerprint device into the brand new building? First office on the right as you enter reserved for our needle exchange and waiting for them to finalize their moving in time before or after the cops? Could happen.
Gus:-“Factor in inflation and they are practically giving the money away…”
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Factor in inflation and you are going to be paying for that building MORE than the twice you already may be paying for it when the finance charges are added onto its initial cost. For you’ll be paying for it again each time you buy something at a higher price than it was before the building was built.
Gus. Here is the info, given to the Citizen in November 2010, from the then Manager, Communications & Citizen Engagement, at City, Mike Davis.
Total Project Cost Estimate $38.9M
Project Expenditures incurred to date $6.6M
Project Expenditures to complete $32.3M
Project financing.
Principle
Borrowing already approved $23.9M
Additional Borrowing
(Subject to Alternative Approval $13.8M
Total Borrowing $ 37.7M
Interest
On debt already incurred (over 20 years)$2.5M
On temporary (construction) financing $1.9M
On new (20 year) financing $31.4M
Total interest $35.8M
Davis stated **these numbers are based on a conservative estimate interest rate**
So there you have it. Total cost somewhere around $75 Million, and who knows whether the $2,750,000.00 paid for the land is included. In addition it was because of the building being located at 4th and Victoria, that the City is now putting in a round-about West of Winnipeg fusing 3rd Ave, 4th Ave, and 5th Ave. They will then have two way traffic to 4th and Victoria.
The money for this upgrade to the roads, will no doubt come out of the road rehabilitation money, rather that the Police Station Budget.
Smoke and mirrors.
Fairly easy to calculate using amortization calculators all over the net these days:
Borrowing = 40 million (plus or minus)
Amortized for 20 years on 5 year terms
3.5% (could be lower but to be safe)
Monthly payment 231,465 for first 60 months
Annual cost of loan 2,777,582
First 5 years 6,332,217 interest paid
Total interest 15,551,648 (if interest rate doesn’t change)
Total cost 55,551,648 if compounded semi-annually
depending on the size of the loan and how much came out of the city bank account the total and payments could be lower…
Inflation does not pay a role as the building materials and labour were already bought at todays prices – if you buy part of the materials annually and then have a building at the end of 20 years inflation does play a role on the materials and labour you buy years down the road. There are however monthly/annual maintenance costs on the building not factored in to amortization.
Debt servicing for the new RCMP building was estimated at 66.00 per year per average household in PG
Borrowed funds include 13,821,000 additional and 23,917,000 initially approved, the rest through city reserve funds. Total borrowed 37,738,000.
They also submitted for a 1 million dollar grant and 10 million in low interest loan, (not sure if they got it) for the LEED Silver certification.
Municipal Finance Authority rates are 2.57% over 5 year term, 3.76 over 10 years. Generally the first term is 10 years then the next in 5 year intervals. 20 years would be 10+5+5
3.76 @ 10 years = 11,409,620 interest (principle remaining 22,343,356)
2.57 @ 5 years = 2,371,180 interest (principle remaining 11,933,315)
2.57 @ 5 years = 1,587,570 (principle remaining 0)
Total interest = 15,368,370 or less if they qualified for a low interest loan for 10 million of the total for being LEED Silver
As slinky says, if you do not have a spreadsheet program which will do all sorts of financial calculations for you, including net present value, then there are a multitude of calculators on the net.
A simple one is here. gives monthly payments so you just have to multiply that by 12 and by 20 to bring it to the total.
The fact is that these loan are not taken form the bank, they are borrowed from the municipal finance authority which has very low rates for BC municipalities.
http://www.mortgage-calc.com/mortgage/simple_results.html
There is a substantial difference between a loan payment of 2.4% and 3.5%.
If you use the 2.4% and just base it on $31.4 million the monthly payment is $164,864.05 which adds up to $39,567,372 after 20 years. The total interest payment is $8,167,372 with the rest paying off the principle of $31.4 million.
heyyyyy what happened to the article bout the hospital parking???? It was getting interesting
Cash coming out of pension funds at low interest rates. That is why pension funds are at risk. Cash cow for politicians for their bloated pet projects. No risk to their pensions.
I’d give em shit and push em in it..and they should have stayed where they were…ACSC!!
On the subject of money if the money hidden off shore by the rich and Canadian companies was taxed Canada would not be in debt. The taxation lobby is the biggest lobby in Canada and no government will take them on.
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