2009 Infrastructure Crowsnest Pass

2009 Infrastructure Crowsnest Pass

As of August 4 2009 we have available for Infrastructure the following $3,933,696 that is made up of the following grants;
AMIP-$2,389,635
MSI Cap-$723,052
New Deal-$328,032
SIP-$492,977
We will also be receiving an additional $3,245,195 from the AMWWP program


We will be spending the following: $9,069,330
Blairmore/Coleman Water Connect $127,124
Lagoons $4,553,600
16th ave Blairmore Waterline $6,000
27th and 227st Bellevue $439,288
226st Street Bellevue $188,816
225st Bellevue $193,620
23 ave 207 street $857,294
27ave and 29 ave $1,844,283
223st 29th ave to 31 ave $861,305

So that calculates out to the following;

$9,069,330 infrastructure spending
$3,933,696 in the bank Aug 4th
$3,245,195 from the Amwwp program
$13,306 from the municipality

which leaves a short fall of $1,877,133, which is to be covered by the short-term loan, how do we pay that off?

In March, we will be receiving the following;
AMIP $1,028,662
MSI Cap $578,669
New Deal $344,082
SIP $344,940

Total of $2,296,353

The only municipal dollars of this total of $9,069,330 that we are spending is $13,306 which means the work above is funded 99.85% by provincial/federal grants.

Regarding Lines of Credit the municipality as had in place each year a LOC of $1,000,000 this line as not been used in 2008 or 2009.