The City of Prince George kicks off its Alternate Approval Process today (Friday) with the goal of borrowing $11.4 million for three capital projects.
The process is open from now until May 20th.
At the February 3rd council meeting, civic officials approved using the process to finance these projects, which were included in the Five-Year Capital Financial Plan:
- Equipment Financing – $5.49 million
Funds will support annual vehicle and equipment replacement through the MFA Equipment Financing Program. This includes mobile equipment replacement ($4.18 million), janitorial equipment ($20,000), fire hose renewal ($50,000), fleet column lifts hoist system renewal ($140,000), a tractor ($400,000), and arborist equipment ($701,500). - Stormwater System Renewal – $2.62 million
This program includes relining, replacing, and upgrading stormwater infrastructure such as culverts, catch basins, flood pumps, and storm mains to reduce flooding, erosion, and water quality degradation. - Civic Centre Building Automation System & Chiller Renewal – $3.26 million
Funding will replace and upgrade the building automation system, air conditioning, and related components to improve energy efficiency and climate control.
Local governments require elector approval for long-term borrowing.
The alternate approvals process allows eligible voters to submit response forms opposing the proposal. If 10 per cent or more of eligible voters (5,629 for Prince George) submit forms, a full referendum is required.
Forms are available on the City’s website and at City Hall. Completed ones can be submitted in person, by mail, or email ([email protected]).
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