A significant spike in the cost of the preliminary planning phase for the City of Prince Rupert's plans for the old McCarthy GM facility on Portage Avenue will be among the items for review at tonight's City Council Session.
On the Agenda for tonight is a report from Chief Financial Officer Corrine Bomben who reports on a 290,000 dollar increase from the original estimate of the planning phase to transform the former car lot into the new home for Civic Operations.
Noting of the original budget which had an estimate of 75,000 dollars towards the design process, Ms Bomben observes how the two proposals received as part of a civic RFP were in excess of that original number.
"Two proposals were received, both with design costs in excess of the original estimate
included in the budget.
This is reasonable given the original budget did not contemplate
detailed design.
In order to proceed with the design phase of the delivery model, Council is asked to
approve the resolution to include the budget change as proposed in the table below so
it may be reflected in the upcoming amendment to the 2024 Five Year Financial Plan
set to be provided to Council late April.
All design costs are proposed to be funded
through a dividend from the City’s wholly owned corporation, Prince Rupert Legacy Inc,
and therefore will not impact property taxes."
The full report, which includes a budget revision chart to highlight the use of the Legacy Dividend can be reviewed below:
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| click to enlarge |
The plans for the use of the McCarthy facility for Civic Operations was mentioned
as part of Thursday's Town Hall forum, though details related to the differences from estimate to the new much higher cost for the design program were not highlighted as part of the short discussion in the forum.
A look at other topics of note for Council tonight is available from our
Council Preview.
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