|City Council heard the details on plans for a loan authrorization|
towards the build of the new RCMP detachment for the current
location of the Kingdom Hall of Jehovah Witnesses
Mounties may be known for their Scarlet Red Dress uniforms, but when it comes to the construction of their new Prince Rupert detachment, the focus will be on Green themes, with the plans for the new police facility in the city to have a Net Zero approach to green house gases.
That was one of the items of note to come from a presentation from the City's Financial Officer Corinne Bomben on Monday night.
With the CFO providing for an extensive overview for council as to how the city will go about approaching the process of seeking out a potential 25 million dollar loan towards the new build that will be constructed on land purchased by the city in 2020.
The new home for the RCMP in Prince Rupert to be located at the corner of McBride and Third Avenue East adjacent to the Provincial Court House.
The Loan Authorization would be for up to 25 Million dollars, with annual repayment per year of 1.2 million which may require a tax increase of 1 percent should the full 25 million dollar loan be required. The CFO also noted that the repayment funding benefitted from the allocation of new tax revenue received by the city in the last few years.
|The two options for approval for the Loan Authorization process|
Council has yet to decide which path they will choose