by Tristan Turner
Councillor Stephen Dafoe took the opportunity during budget discussions Nov. 24 to get in a question to CFO Andrew Isbister about how much of the Town’s $22 million debt limit the community would need to borrow to finance the rec centre project, budgeted at $13.75 million in the 2015 Budget.
The question was raised at a recent recreation centre community meeting by Morinville Chamber of Commerce President Simon Boersma in response to information that some of the $13.75 million would need to be borrowed. Boersma said at the time his question “was not answered.”
Dafoe said Tuesday night he felt it was time to make the answer public.
Before answering Dafoe’s question, Isbister was clear that the money borrowed for the project would be reimbursed by Municipal Sustainability Initiative (MSI), and other grant funding, and that it would depend on what grants and sponsorships the Town could get before the project started.
When pushed on the question, Isbister said if the facility were built today with the budgeted amount of $13.75 million and no other revenue sources, the Town would need to borrow “about $8 to $10 million dollars.”
Council has requested pricing on two potential options for more than an arena. Both options include a field house. One option includes a running track and curling rink. That request was made at the Nov. 24 Council meeting. No date is set for when a price for the two options will be presented.
The Steering committee made up of 12 public members and two councillors was set to meet Thursday night.