Project Redirects Lease Costs and Building Reserve Funds Towards Debt Payment
The regional office building project provides several benefits to the community including redirecting expensive lease payments of $330,000 per year to a debt repayment and community asset. The location, on Harmsten Avenue, of this new facility will help revitalize the downtown core, provide space-sharing initiatives with the City of Courtenay, Village of Cumberland and School District 71.
By relocating the regional office out of the floodplain, those essential services residents require daily (water, sewer and garbage) will be able to continue in times of need. Corporate records, fleet vehicles and information technology infrastructure will no longer be threatened during flooding and storm events. Finally, a specifically designed post-disaster emergency operations centre (EOC) will provide emergency response to the public during emergency/disaster events.
Where are We Now
The borrowing requirement of $8.2 million from the adopted financial strategy remains unchanged. The remainder of the project will be funded by reserves and grants.
Director Grieve (Electoral Area C), Director Wells (City of Courtenay), CVRD Board Chair Jolliffe (Electoral Area A), and Director Sproule (Village of Cumberland)
Construction of the new office building started in August 2018 with completion expected late 2019.
Manager of Transit and Sustainability
Manager of Corporate Communications