Wednesday, January 12, 2011

Council unsure how to finance new fire hall

Kenora City Council says it wants a more thorough discussion about its financing

options for the new Kenora Fire Hall.

Administration is suggesting the city take out a five million dollar loan with the
Canada Mortgage and Housing Corporation to cover the cost of the project.

But chair of the finance committee, Ron Lunny says he'd rather see the city
borrow from its own reserves to cover the cost.

Mayor Dave Canfield, whatever way you slice it, city taxpayers are going to be
on the hook for the cost of the project.