City of Nanaimo to Borrow $48.5 Million for New Operations Centre

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City Of Nanaimo,Borrow,Operations Centre

The City of Nanaimo is seeking to borrow $48.5 million for Phase 1 of a new operations centre and will go through an Alternative Approval Process. Eligible voters have 34 days to submit a response form opposing the borrowing.

The City of Nanaimo is looking to borrow $48.5 million to build Phase 1 of a new operations centre, or public works yard – but first will have to go through an Alternative Approval Process. From Jan. 18 to Feb. 20, eligible Nanaimo voters who are opposed to borrowing the money have the 34-days to submit a response form. The form can be picked up at city hall or printed off the city's website once the AAP begins.

During the AAP, the response form can either be dropped off or mailed to city hall by 4:30 p.m. on Feb. 20. The city will not accept copies of forms or forms that are emailed or faxed. At least 10 per cent of eligible Nanaimo voters are needed to submit the AAP forms opposing the borrowing. The results will be given to council to determine next steps in the project. "An Alternative Approval Process is often selected by councils to borrow funds for need to have projects," says Bill Simms, GM of engineering and public works for the City of Nanaim

 

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