The qathet Regional District (qRD) has secured grant funding up to $4,199,082 through the Investing in Canada Infrastructure Program – Community, Culture and Recreation Infrastructure Stream to construct an addition to the Northside Community Recreation Centre, located at 9656 Larson Road.

 

Based on a feasibility study, the new addition is estimated to cost between $4 million and $5.7 million. The $600,000 estimated balance of the project will be funded through a combination of short term borrowing (up to five years) and reserves that have been set aside for the Northside Recreation Service. The Investing in Canada Infrastructure Program – Community, Culture and Recreation Infrastructure Stream runs on a cost share basis with Canada and British Columbia combining to contribute 73.33 per cent of the elgible project cost and the qRD required to contribute the remaining 26.67 per cent, plus any overruns. To proceed with collecting the project funding, the qRD will need to borrow up to $1.1 million from the Municipal Finance Authority. More reports regarding the grant and the elector approval process are available under background information.

 

View the Lund Community Centre Building Condition Assessment Report

View the LCC Feasibility Study

 

View the results of the Alternate Approval Process

The Northside Recreation Loan Authorization Bylaw, which is required in order to borrow funds for the project from the Municipal Finance Authority, details the loan amounts, payments and term of the loan. The bylaw is currently at third reading and has received provincial statutory approval. Financing debt payments are proposed over a 30 year period to minimize the annual impact on residential tax rates. Elector approval is required to adopt the bylaw, and proceed with borrowing to move forward with the addition project.

 

View the Lund Community Centre Loan Authorization Bylaw No. 564, 2020 Certified to Third Reading

Estimated Construction Cost	Estimated Project Cost	Costs Covered by Provincial and Federal Grant Funding (73.33% of total project)	Balance from Reserves and Short-Term Borrowing	Remainder Required to be borrowed (26.67% of total project)
Between $4 and $5.7 million	Between $4.2 and $5.9 million	Up to $4,199,082	$600,000	Up to $1,100,000