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City looking to borrow $32 million for capital projects

During the February 25 meeting of Prince George city council passed the first two readings of a bylaw to borrow roughly $32 million from the Municipal Finance Authority for various capital projects:

  • $10,205,000 for repairs and upgrades to the Aquatic Centre including the building envelope
  • $5,000,000 to replace critical street lights and traffic signals
  • $4,670,450 to replace roofs at aging civic facilities such as the SPCA, 1310 3rd Avenue, City Yard mechanical bay, Kin 2, Kin 3, Two Rivers Gallery, Agriplex, Civic Centre, Senior’s Activity Centre, and CN Centre.
  • $2,919,583 for the replacement of City vehicles and equipment
  • $2,701,000 for repairs and upgrades to Masich Place Stadium
  • $1,675,000 to further redevelop Ron Brent Park
  • $1,400,000 to expand the mausoleum at the Memorial Park Cemetery
  • $1,200,000 for 14th Avenue Upgrades (Irwin Street to Freeman Street)
  • $1,100,000 to replace a failing culvert on Goose Country Road
  • $800,000 for the Highway 16 West Frontage-Heyer Road to Henry Road Project
  • $500,000 for new traffic signals at the Domano and St. Lawrence intersection

The city will now seek approval for these borrowing bylaws from the BC Inspector of Municipalities, which will initiate an Alternative Approval Process. This is expected to begin on April 18, 2019.  Subsequently, residents who oppose of any of the proposed projects will have until 5 p.m. on Thursday, May 30, 2019 to submit elector response forms.