(from l) Coun. Sandra Burrage; Coun. Kim McIlravey; Mayor Susan Swan; CAO Murray Daly; Coun. Christine Rivett at the Clinton council meeting, Jan. 27, 2021. (Photo credit: Facebook)

(from l) Coun. Sandra Burrage; Coun. Kim McIlravey; Mayor Susan Swan; CAO Murray Daly; Coun. Christine Rivett at the Clinton council meeting, Jan. 27, 2021. (Photo credit: Facebook)

Clinton council approves borrowing $1.2 million for new public works building

Village does not need to get assent from voters before seeking to borrow full amount needed

Clinton council has given third reading to a bylaw authorizing the borrowing of $1.2 million over a period of 30 years for the construction of a new public works building at Elliott Park.

Requests for proposal for construction of the building have been obtained, but funds for the project must be secured before a contract can be awarded.

Chief Administrative Officer Murray Daly explained that approval had to be obtained from first the provincial government and then the Thompson-Nicola Regional District, as loan requests from municipalities to the Municipal Finance Authority (MFA) go through the regional district. He added approval from the public was not necessary due to the village’s excellent loan-carrying capacity and having only one small MFA loan outstanding.

Coun. David Park asked if some of the funds received from the Clinton and District Community Forest could be used to decrease the amount of the loan.

Daly replied that monies received from the Community Forest were yielding a high return, and it was cheaper to borrow the money than use the reserve funds. He added that there were other expenses coming up, including the replacement of some fleet vehicles over the next one to two years and the replacement of the primary fire engine in the next three to five years.

READ MORE: Clinton Volunteer Fire Department seeks funding for gear, equipment

“We don’t want to totally exhaust that pot of money to finance a portion of [the public works building cost] and still have to get a loan through MFA,” he said. “It’s better financially to borrow at the low-interest rates we’re able to get through MFA and retain that money, either for anything disastrous that comes up that we haven’t planned for or to finance smaller purchases outright like a fleet vehicle or to get us closer to buying that fire truck.”

Chief Financial Officer Mandy McKague noted the Community Forest funds were never allocated to the public works building, although it had been discussed, and that council would have to officially allocate some of the funds to be used for that purpose.

Park asked for further clarification about getting voters’ approval for the loan, asking if it was village policy to go to the electors if a loan request was over a certain amount.

Daly replied there is no such village policy and that it depends on a municipality’s debt level as to whether they had to go to the voters. “Because of our low debt load and [because] we’ve been very fiscally responsible we’re not approaching the level where we have to take it to the electors at this time for this loan.”

Five year financial plan

Council gave three readings and adoption to the village’s five-year financial plan, which shows that there is no property tax increase in 2021 from the 2020 tax rates. The plan was accepted for information at the Dec. 9, 2020 meeting, and since then has had one adjustment: the addition of annual debt servicing of $58,596 for construction of a new public works building (see above).

Clinton rec site

The Clinton and District Outdoor Sportsmen Association asked if the rec site they put in above the tracks last year is suitable to be used for overnight camping. Association secretary Laura Paquette noted in a letter the desire to make the site a “legit” one, which was clarified as one where overnight camping could be offered, but said that it was unclear if it could be allowed there. Staff were directed to get more information about the status and ownership of the land in question (i.e. is it Crown land) and report back to council.


newsroom@100milefreepress.net

Like us on Facebook and follow us on Twitter.

Clinton

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Interior Health has issued an overdose alert for 100 Mile House.
Interior Health issues overdose alert for 100 Mile House

Health officials encourage users to be careful and spread the word.

A dose of COVID-19 vaccine is prepared at a vaccination clinic in Montreal’s Olympic Stadium on Tuesday, Feb. 23, 2021. THE CANADIAN PRESS/Paul Chiasson
39 new cases of COVID-19 in Interior Health region

The total number of cases in the region since the pandemic began is now at 7,334

Beverly DeSantis is hoping to become the new Conservative nominee to replace retiring MP Cathy McLeod. (Photo submitted)
Beverley DeSantis is hoping to become the new Conservative nominee to replace retiring MP Cathy McLeod. (Photo submitted)
Conservative race heats up to replace Cathy McLeod

Beverley DeSantis seeks the MP nomination

Fall in Cariboo by Katalin Kovacs showcases her favourite season in the Cariboo in all its vivid colours. (Photo submitted)
Wranglers fan donates two paintings to auction

Katalin Kovacs has moved to Merritt but Wranglers still close to her heart.

Avalanche Canada has issued a special avalanche warning for the Cariboo Mountains effective through the weekend. (Wes Gregg photo)
Abbotsford’s Kris Collins turned to TikTok out of boredom when the provincial COVID-19 lockdown began in March 2020. She now has over 23 million followers on the video app. Photo: Submitted
Internet famous: Abbotsford’s Kris Collins is a TikTok comedy queen

Collins has found surprise stardom alone with a phone

A Vancouver restaurant owner was found guilty of violating B.C.’s Human Rights Code by discriminating against customers on the basis of their race. (Pixabay)
Vancouver restaurant owner ordered to pay $4,000 to customers after racist remark

Referring to patrons as ‘you Arabs’ constitutes discrimination under B.C.’s Human Rights Code, ruling deems

Nanaimo children’s author and illustrator Lindsay Ford’s latest book is ‘Science Girl.’ (Photo courtesy Lindsay Ford)
B.C. children’s writer encourages girls to pursue the sciences in new book

Lindsay Ford is holding a virtual launch for latest book, ‘Science Girl’

Pig races at the 145th annual Chilliwack Fair on Aug. 12, 2017. Monday, March 1, 2021 is Pig Day. (Jenna Hauck/ Chilliwack Progress file)
Unofficial holidays: Here’s what people are celebrating for the week of Feb. 28 to March 6

Pig Day, Canadian Bacon Day and Grammar Day are all coming up this week

Staff from the Marine Mammal Rescue Centre, passersby, RCMP and Nanaimo Fire Rescue carried a sick 300-kilogram steller sea lion up the steep bluff at Invermere Beach in north Nanaimo in an attempt to save the animal’s life Thursday. (Photo courtesy Marine Mammal Rescue Centre)
300-kilogram sea lion muscled up from B.C. beach in rescue attempt

Animal dies despite efforts of Nanaimo marine mammal rescue team, emergency personnel and bystanders

Doctors and counsellors warn of an increase in panic attacks, anxiety, depression and suicide ideas between ages 10 to 14, in Campbell River. ( Black Press file photo)
Extended pandemic feeding the anxieties of B.C.’s youth

Parents not sure what to do, urged to reach out for help

Kara Sorensen, diagnosed with lung cancer in July, says it’s important for people to view her as healthy and vibrant, rather than sick. (Photo courtesy of Karen Sorensen)
B.C. woman must seek treatment overseas for inoperable lung cancer

Fundraising page launched on Karen Sorensen’s behalf, with a goal of $250,000

Gina Adams as she works on her latest piece titled ‘Undying Love’. (Submitted photo)
‘Toothless’ the kitty inspires B.C. wood carver to break out the chainsaw

Inspired by plight of a toothless cat, Gina Adams offers proceeds from her artwork to help animals

B.C. Finance Minister Selina Robinson presents bill to delay B.C.’s budget as late as April 30, and allow further spending before that, B.C. legislature, Dec. 8, 2020. (Hansard TV)
How big is B.C.’s COVID-19 deficit? We’ll find out April 20

More borrowing expected as pandemic enters second year

Most Read