Monday, February 4, 2008
We were thrilled to hear that Council has approved two items which together are contributing to a more positive financial picture for the Georgetown Branch Renovation/Expansion Project: the allocation of a financing reimbursement in the amount of $1.29M to the Major Capital Project Allocation Reserve, and the establishment of a Special Infrastructure Levy. We greatly appreciate all that Town staff and Council are doing to develop a funding strategy that may move the timing of this important project forward. We understand that the Town will need to review the financial implications of the Fire Station tenders. We also realize that other factors need to be carefully considered before a decision can be made about the resumption of the Georgetown Branch Project. However, crossing our fingers that all stars will soon align, we hope that the delay of this project will be measured in months, and that staff and architects will be back at the planning table.
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