July 20 the Gold Creek Development came to Council to seek approval on their development agreement and the amount of security they would be required to post with the Municipality prior to commencing.
They provided information that gave a list of quotes for the various types of work required which came to a total of $738,000, within their documentation I noticed that there was a note attached that stated "the quote could vary by up to +/- 20%" which of course alarmed myself and some of the other councilors.
After some debate came a suggestion from myself that a simple solution which would protect the municipality/taxpayers was to pass the Development Agreement with a condition that the Security Deposit would be raised 20% to $900,000.
Within the debate comments were raised that after what happened at the River run site should we not be proceeding, very carefully. All made sense right?
What occurred after that just blew me away when the vote was called Councilor Mitchell and Mayor Irwin were opposed, Councilors Ward, Cole, Salus and Macleod were in favour. Irwin and Mitchell felt that increasing the Security Deposit was not required.
Thankfully it passed and yes the Developer may feel that the additional security was not necessary but if they live up to their commitments they get all the money back, and the faster they work the faster the money is released, and the Municipality has no risk.
How or why would anybody vote against this?
If anybody does not understand the concerns here I will have pictures of the River Run Development shortly
2 comments:
the mayor thinks the river run croud are just wonderful people...he even gets up publically and supports them. He and Bill Bradley must be buddies.
Dean
I tried to post a comment on Mr Prince's blog that i read often, just like yours.
Regarding the closing of local businesses.
Work n play I heard the owner passed away.
Movie Gallery was a national bankruptcy which you have previously stated.
Fields I have been told over here in Sparwood that they are closing a lot of their rural stores when their leases run out.
Finally Neat and Nifty is that not just an issue of the locals not shoping there, I go there occasionally and find the store very nice
Just wanted to share those comments
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