IPG's Plan to Spend Extra Funds Approved
By 250 News
1. IPG proposes the development of a building reserve fund of $327,757 for IPG’s First Avenue property. The fund will assist with short-term and ongoing building maintenance requirements to keep the property in good operating condition.
2. Establishment of a fund in the amount of $50,000 administered by IPG for the development of a Downtown Marketing Prospectus.
3. Establishment of a fund in the amount of $100,000 to be administered by the City of Prince George earmarked for use by the Prince George Regional Performing Arts Centre Society during the next (procurement) phase of their business plan development. To the greatest extent possible, these funds are to be leveraged and capitalized. Any capitalized proceeds would be returned to IPG with plan for use to be determined by IPG Board and ratified by City Council.
4. IPG will work with the City of Prince George to examine the feasibility of adding the First Avenue (Via Rail) Building to the forthcoming Community District Energy System, and also to see the value of the City’s fibre optic cable servicing the building is marketed to prospective tenants.
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