Council To Ponder Referendum
Prince George, B.C.- When Council for the City of Prince George meets this evening, it will be asked to approve putting the wheels in motion for a referendum to borrow money for two major projects that have hefty price tags.
The first is the replacement of the Four Seasons Pool. A project that would cost $35 million dollars. The plan would be to borrow that money over 20 years, with an annual debt servicing cost of $2,352,550.
The other project is the replacement of Fire Hall #1. That project would cost $15 million and would be funded by debt over 20 years. That would add debt servicing costs of $1,008,236 to the City.
Because of the amounts and the length of the borrowing terms, both items need the approval of electors. Staff recommend a referendum be held on October 28th of this year
Comments
Refrendum??? We elected you guys to make tough decision, now you want to wiggle your way out of owning this responsibility by putting it out to referendum. Bunch of Chicken$#!ts.
Did you read the story? They are legally obligated to receive explicit permission from the residents for loans of this size and duration.
The importance of this requires our input I think! I wouldn’t leave the decision up to some of these nincompoops for these issues! I have already made my choice, and I will make it known just because I am that kind if guy! LOL. Yea on the pool and nay on the firehall! Let the fun begin!
Nah, I will vote YES for a replacement Fire Hall and NO for a replacement pool.
I doubt they will break it up…
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