City dips into reserves for Acive Living Centre costs.

tabubil
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Joined: Jan 25th, 2019, 11:25 am

City dips into reserves for Acive Living Centre costs.

Post by tabubil »

This was reported in the June 6 Morning Star. I see no one else seems worried about this other than myself.
The city is taking 15 million from the reserves funds to help pay for the 136 million recreation Centre. This does not bode well for the project as other major projects in BC are going double the budgets now. I thought that the leader of this Mr. Doug Ross was supposed to have contacts to prevent them from coming back to the taxpayers and asking for more money,.
This looks just like the Cultural Centre staring all over again.
I for one think it is time that the council put a stop to the wanton spending of our mayor. He will spend any amount of money to have this named after him, well forget Mr Mayor.
If we have all this excess monies in the reserves fund then let us lower the taxes in the city and maybe make in the live able city it once was.
All those on council who allowed this vote to go through should be voted out, as it apparent that they do not have the best interests of the taxpayer as their priority.
bob vernon
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Joined: Oct 27th, 2008, 10:37 am

Re: City dips into reserves for Acive Living Centre costs.

Post by bob vernon »

Is Victor Cumming actually attempting to have the new Active Living Centre named after himself?
Harry_Staman
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Joined: Jun 15th, 2024, 8:47 am

Re: City dips into reserves for Acive Living Centre costs.

Post by Harry_Staman »

Considering the fact that Vernon residents are the stakeholders, then they should be subject to the following:

- If the project liquidates, residents have the last claim on its assets.
- Residents make money in two main ways: Capital appreciation and dividend payments.
- Residents are granted six rights: voting power, ownership, the right to transfer ownership, a claim to dividends, the right to inspect corporate documents, and the right to sue for wrongful acts.

Vernon residents are, collectively, Vernon itself. Elected officials are simply contracted managers who are compensated for their work and can be dismissed at the resident's pleasure by way of election. Elected officials do not hold authority over residents but, instead, serve the residents as any employee does.
bob vernon
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Joined: Oct 27th, 2008, 10:37 am

Re: City dips into reserves for Acive Living Centre costs.

Post by bob vernon »

The next civic election will be held in the fall of 2026. Won't the Active Living Centre be pretty much built and open by then? At least that what their schedule is. This project is going to be completed. I don't sense a lot of opposition to it in the general public.

A city needs to renew its infrastructure and we can expect more projects in the future. After the Active Living Centre there will be the museum, art gallery, and police station. Maybe more water treatment capacity and sewage treatment. And eventually at the Active Living Centre there are plans to add another sheet of ice at some point. The city is getting bigger
tabubil
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Posts: 225
Joined: Jan 25th, 2019, 11:25 am

Re: City dips into reserves for Acive Living Centre costs.

Post by tabubil »

bob vernon wrote: Jun 17th, 2024, 3:02 pm The next civic election will be held in the fall of 2026. Won't the Active Living Centre be pretty much built and open by then? At least that what their schedule is. This project is going to be completed. I don't sense a lot of opposition to it in the general public.

A city needs to renew its infrastructure and we can expect more projects in the future. After the Active Living Centre there will be the museum, art gallery, and police station. Maybe more water treatment capacity and sewage treatment. And eventually at the Active Living Centre there are plans to add another sheet of ice at some point. The city is getting bigger
Well lets get simple go look and see how much is done now and they have a two years to complete this. I do not think so look at what other major projects are looking at supply chain problems, lack of workers . Do you really think they have any chance. It would be better to put all the correct numbers out and let the public decide.
Our city is building a bigger recreation centre than Kelowna, and many in the lower mainland. Look at our size and we have no where to expand to and the economy is not that great. You show me where are the big paying jobs coming from, we have no major industry here, and many places closing and people leaving. We have a major homeless problem and when electric comes this will just become a charging point and then away down to Vancouver.

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