qathet Regional District's finance committee recommended at its March 11 meeting that the regional board authorize up to $300,000 to be borrowed for the purpose of expanding and upgrading Lund Community Centre, and that short-term borrowing of $300,000 be repaid within five years.
According to a staff report, the 2025 to 2029 financial plan includes a capital project for the expansion and upgrade to the centre. The regional district has received a grant of $4,199,082 from the Government of Canada and the Province of BC through the COVID-19 resilience infrastructure program.
The balance of the project is to be funded through community donations, Northside Recreation service reserves, borrowing of up to $1.1 million over a period of up to 30 years, and short-term borrowing of up to $300,000 over five years.
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