The City of Langford might consider borrowing $1.2 million as an economic stimulus.
PDF. p. 73/119
Staff Report (File No. 6100-25)At the August 11″ meeting, the Economic Stimulus Committee recommended approval of the
Downtown Revitalization Plan and requested staff to present the plan to Council for
endorsement. The estimated budget to complete all the works shown is approximately 1 to
1.2Million.
- the plan included a roundabout at Bryn Maur, significant landscaping along the Westbrook Mall, Bank of Montreal and KFC frontages, an archway over Goldstream and a replicated heritage water tower and train feature in the roundabout.
As a regular attendee to council and committee meetings, I was confused there was a meeting on Tuesday, August 11th I was unaware of. I was very surprised there is a committee I had never heard of and one I have no idea of who serves on it. I also do not remember a committee or council discussion on the merits of the City of Langford taking on a massive debt load to create work for what will be a small group of people as compared to the number of Langford tax payers that will ultimately carry the burden of that debt load. One wonders if this borrowing bylaw, if it goes forward this coming Monday night, would go through a public approval process unlike the $5-6 million the City of Langford has already borrowed for the Spencer Road Interchange due to a Local Area Service agreement circumventing the normal public approval process. The City of Langford also has further debt, some of which I believe is for their sewer infrastructure.
