Page 2 - September 16, 2019
P. 2
PASSPORT PHOTOS & MORE
Professional Digital Passport System photos THE WEEKLY ANCHOR MONDAY JULY 4, 2016 PAGE 2
ready in minutes while you wait... PAGE 2 MONDAY SEPTEMBER 16, 2019 THE WEEKLY ANCHOR
Lower tax implications for Multi-Use Facility revealed
continued from front
$2,500,000 (mid), and $3,400,000 (high). surrounding population. grant would definitely change all of this.”
When the survey was administered, the figures Councillor Krystal Baier asked, “Do we have a With regards to the grant application, Edson
used were based on a 'worst-case scenario' where list of how much we would expect to take from Mayor Kevin Zahara later added, “My
the high operational subsidy ($3.4 million) and the Revenue Sharing Agreement in the future understanding is from our discussions with the
continued from front high debenture ($15 million over 30 years) were years?” province, we hopefully will hear back next
continued from front
continued from front used. Acting General Manager of Corporate spring in terms of whether that grant is going to
continued from front
D
DROP IN AND SEE!ROP IN AND SEE! continued from front with a number of municipalities to gain a better looking at a combination of the Revenue Sharing be approved or not approved.”
continued from front
During the survey process, Administration met Services Sarah Bittner replied that they are
continued from front
Councillor Baier raised concerns over
continued from front understanding of what the actual costs of and money that is already in Reserves, “The reallocating the full $2 million from the
5040 3rd Avenue, Edson operating a multi-use facility would be. The Revenue Sharing, we are looking at using 2020 Civic/Cultural Centre Reserve into the Multi-
5040 3rd Avenue, Edson
and 2021's, so it would extend out for 2022 and
Use Facility Reserve at this point in time. “If
operational subsidy of several multi-use
facilities in the region include: Whitecourt some of 2023's as well. We have some monies in there was something unknown that was going to
780-723-5787 Millar Centre & Twin Arena ($1,970,000), Reserves that we could always put towards that come forward in the next four or five years, I
780-723-5787
don't want to have something scrapped because
and then plan to replenish that at the end of the
Leduc LRC ($0), Spruce Grove/Stony
we, at the first opportunity, took money out of
project so we're actually using it rather than
Plain/Parkland County Tri Leisure Centre
The Weekly Anchorhe Weekly Anchor ($1,800,000), Grande Cache Greenview having it sitting in the bank.” that reserve,” she said.
T
Mayor Zahara commented, “I think we need to
CAO Mike Derricott added, “This current
Recreation Centre ($1,300,000), and Fox Creek
PASSPORT PHOTOS & MORE
capital plan considers using the $2 million
continue to exhaust other grant opportunities. I
Greenview Multiplex ($1,540,000).
These figures show that the operational
Deputy Mayor Janet Wilkinson inquired, “If
subsidies for these facilities are below $2 placed into the Civic/Cultural Centre Reserve.” think there are opportunities for sponsorships, as
we've talked about getting a third party
Professional Digital million, which is below the mid-range figure this was possible, why wasn't this done before consultant to raise those funds.”
Professional Digital
Zahara added that he also did not feel
the survey went out with these more reasonable
Passport System provided by Stantec. numbers? What are we giving up in order to get comfortable moving the $2 million out of that
Passport System
If the mid-range figure is used, $1 million will
photos ready
photos ready be covered through the cost-sharing agreement this that we're doing now?” Civic/Cultural Centre Reserve at this time
Derricott replied, “Any millions of dollars that “because we don't know what opportunities or
with Yellowhead County, $900,000 through the
in minutes current operating subsidy for Repsol Place, is allocated to this rather than placing into what situations are going to occur”.
in minutes
$100,000 through the Multi-Use Facility
Reserves for other projects means that we would
Councillor Troy Sorenson noted, “The $2.5
while you wait...
while you wait... Operating Reserve, $100,000 through Repsol have to consider doing less or different major million subsidy is still a little overly
conservative. I'd like to see a scenario where it's
rehabilitation projects. This doesn't preclude us
sponsorship contribution, leaving an additional
$400,000 to be subsidized by taxes. from doing those…but it does reduce our overall $2 million subsidy.” Sorenson added that he too
For every $100,000 of additional funds ability to address other capital needs.” would not be comfortable using the funds from
needed, there is an approximate corresponding Councillor Currie asked what Administration the Civic/Cultural Centre Reserve.
$25/year in taxes for a property assessed at has been doing to move forward with the grant Derricott closed, “We wanted to demonstrate
$350,000. that was applied for. Bittner said, “The grant what was possible and also demonstrate the
“By looking at different options and funding application is still in place and going forward.” flexibility in terms of whether you were to adjust
“I always go forward with planning and
The Weekly Anchorhe Weekly Anchor models and using future savings, we're doing a funding model with the assumption that this in any number of ways, and just the
T
implications it would have.”
borrowing just about less than 50% of what we
were originally looking at and using more from we might not get that,” Bittner mentioned. “The
5040 3rd Avenue, Edson040 3rd Avenue, Edson Reserves and future savings,” said Municipal PASSPORT PHOTOS & MORE
5
Finance Intern Mike Passey.
T
Original tax implication calculations were The Weekly Anchorhe Weekly Anchor
7
780-723-578780-723-5787 based on a $15 million debenture over 30 years. REMINDER: THIS WEEK’S FEATURE 5040 3rd Avenue, Edson040 3rd Avenue, Edson
EVENT
5
“If we were to use a $7 million debenture over
780-723-578780-723-5787
30 years, that $205/year for the capital portion
DROP IN AND SEE!ROP IN AND SEE!
reduces to $95/year,” said Passey. This amount Sept 21: Parkland Mint Homes Ltd. D 7
can be achieved by allocating funds to be
D
DROP IN AND SEE!ROP IN AND SEE! received through the Revenue Sharing Lodge Auxiliary
again sponsors
Agreement and reallocating funds from the
their annual
Civic/Cultural Centre Reserve to the Multi-Use Grandparents'
Facility Reserve. Walkathon at
“We would continue to look at more options Parkland Lodge on
th
and more cost saving measures that we could do, 5 Avenue. The ASSIGNMENT WRITER
Walkathon starts at
PASSPORT PHOTOS & MORE but as of right now this is what we have,” said 10 am. For more Enjoy getting out and meeting
Passey.
Councillor Jacqui Currie asked how Leduc is information and people?
able to run their multi-use facility with $0 pledge forms
Professional Digital Passport System photos operating subsidies. Passey replied, “If you look please phone Ivan The Weekly Anchor is looking for an
assignment Writer!
at 780-723-4020,
ready in minutes while you wait... at Edson if you wanted to go skating at a public Carol at 780-723- person with good writing skills to write about
The Weekly Anchor has an opening for a
skate, it's $2-4. In Leduc it's $9, but you get
Professional Digital access to the entire Centre for the whole day.” 5518, or Ann at local events
780-723-4522.
Passey added that Leduc also has a larger
Passport System Three bedrooms and two bathrooms Spacious WITH EMPHASIS ON LOCAL
SPORTS.
photos ready Pet of the Week bungalow with main floor laundry Natural Training provided. Great for added income.
Pet of the Week
Work from home and/or our office.
Call for information 712-6788
in minutes Call for information 712-6788 sunlight abounds in the dining room and Grade 12 or Post Secondary Education
www.http://www.edsonanimalrescue.com
www.http://www.edsonanimalrescue.com
Email: edsonanimalrescue@hotmail.com
Email: edsonanimalrescue@hotmail.com
required.
while you wait... Sweet senior boy Enzo has been waiting sooo long kitchen from the skylights above Living room Resumes should be dropped off at 5040 3rd
accented by vast bay window Roomy master
for his retirement couch. Enzo is an eight year old bedroom boasts large walk-in closet 26'x24' Avenue
mixed breed fellow who deserves so much more (or sent to the Publisher by email at
anchorwk@telusplanet.net)
than what life has dealt him in the past. He garage with access to the basement.( plan
missed being euthanized in Quebec by only a few comes with basement
days just because he was old. EARS has been development plans) For these plans
fostering him for more than a year now and
would love for him to get the cuddles and
attention he deserves. Find out more about Enzo Member of National Home Warranty Program
on EdsonAnimalRescue.com
Sponsored by: Phone: 780-723-2330
Wills ASSIGNMENT WRITER
Real Estate Fax: 780-723-5068
D 780-723-3245 Business Law Email: minthome@telusplanet.net Enjoy getting out and meeting people?
DROP IN AND SEE!ROP IN AND SEE!
The Weekly Anchor is looking for an assignment Writer!
5040 3rd Avenue, Edson
5040 3rd Avenue, Edson The Weekly Anchor has an opening for a person with good
writing skills to write about local events
780-723-5787
780-723-5787 WITH EMPHASIS ON LOCAL SPORTS.
Training provided. Great for added income.
T
The Weekly Anchorhe Weekly Anchor Work from home and/or our office.
Grade 12 or Post Secondary Education required.
Resumes should be dropped off at 5040 3rd Avenue
(or sent to the Publisher by email at
anchorwk@telusplanet.net)
Professional Digital Passport System photos THE WEEKLY ANCHOR MONDAY JULY 4, 2016 PAGE 2
ready in minutes while you wait... PAGE 2 MONDAY SEPTEMBER 16, 2019 THE WEEKLY ANCHOR
Lower tax implications for Multi-Use Facility revealed
continued from front
$2,500,000 (mid), and $3,400,000 (high). surrounding population. grant would definitely change all of this.”
When the survey was administered, the figures Councillor Krystal Baier asked, “Do we have a With regards to the grant application, Edson
used were based on a 'worst-case scenario' where list of how much we would expect to take from Mayor Kevin Zahara later added, “My
the high operational subsidy ($3.4 million) and the Revenue Sharing Agreement in the future understanding is from our discussions with the
continued from front high debenture ($15 million over 30 years) were years?” province, we hopefully will hear back next
continued from front
continued from front used. Acting General Manager of Corporate spring in terms of whether that grant is going to
continued from front
D
DROP IN AND SEE!ROP IN AND SEE! continued from front with a number of municipalities to gain a better looking at a combination of the Revenue Sharing be approved or not approved.”
continued from front
During the survey process, Administration met Services Sarah Bittner replied that they are
continued from front
Councillor Baier raised concerns over
continued from front understanding of what the actual costs of and money that is already in Reserves, “The reallocating the full $2 million from the
5040 3rd Avenue, Edson operating a multi-use facility would be. The Revenue Sharing, we are looking at using 2020 Civic/Cultural Centre Reserve into the Multi-
5040 3rd Avenue, Edson
and 2021's, so it would extend out for 2022 and
Use Facility Reserve at this point in time. “If
operational subsidy of several multi-use
facilities in the region include: Whitecourt some of 2023's as well. We have some monies in there was something unknown that was going to
780-723-5787 Millar Centre & Twin Arena ($1,970,000), Reserves that we could always put towards that come forward in the next four or five years, I
780-723-5787
don't want to have something scrapped because
and then plan to replenish that at the end of the
Leduc LRC ($0), Spruce Grove/Stony
we, at the first opportunity, took money out of
project so we're actually using it rather than
Plain/Parkland County Tri Leisure Centre
The Weekly Anchorhe Weekly Anchor ($1,800,000), Grande Cache Greenview having it sitting in the bank.” that reserve,” she said.
T
Mayor Zahara commented, “I think we need to
CAO Mike Derricott added, “This current
Recreation Centre ($1,300,000), and Fox Creek
PASSPORT PHOTOS & MORE
capital plan considers using the $2 million
continue to exhaust other grant opportunities. I
Greenview Multiplex ($1,540,000).
These figures show that the operational
Deputy Mayor Janet Wilkinson inquired, “If
subsidies for these facilities are below $2 placed into the Civic/Cultural Centre Reserve.” think there are opportunities for sponsorships, as
we've talked about getting a third party
Professional Digital million, which is below the mid-range figure this was possible, why wasn't this done before consultant to raise those funds.”
Professional Digital
Zahara added that he also did not feel
the survey went out with these more reasonable
Passport System provided by Stantec. numbers? What are we giving up in order to get comfortable moving the $2 million out of that
Passport System
If the mid-range figure is used, $1 million will
photos ready
photos ready be covered through the cost-sharing agreement this that we're doing now?” Civic/Cultural Centre Reserve at this time
Derricott replied, “Any millions of dollars that “because we don't know what opportunities or
with Yellowhead County, $900,000 through the
in minutes current operating subsidy for Repsol Place, is allocated to this rather than placing into what situations are going to occur”.
in minutes
$100,000 through the Multi-Use Facility
Reserves for other projects means that we would
Councillor Troy Sorenson noted, “The $2.5
while you wait...
while you wait... Operating Reserve, $100,000 through Repsol have to consider doing less or different major million subsidy is still a little overly
conservative. I'd like to see a scenario where it's
rehabilitation projects. This doesn't preclude us
sponsorship contribution, leaving an additional
$400,000 to be subsidized by taxes. from doing those…but it does reduce our overall $2 million subsidy.” Sorenson added that he too
For every $100,000 of additional funds ability to address other capital needs.” would not be comfortable using the funds from
needed, there is an approximate corresponding Councillor Currie asked what Administration the Civic/Cultural Centre Reserve.
$25/year in taxes for a property assessed at has been doing to move forward with the grant Derricott closed, “We wanted to demonstrate
$350,000. that was applied for. Bittner said, “The grant what was possible and also demonstrate the
“By looking at different options and funding application is still in place and going forward.” flexibility in terms of whether you were to adjust
“I always go forward with planning and
The Weekly Anchorhe Weekly Anchor models and using future savings, we're doing a funding model with the assumption that this in any number of ways, and just the
T
implications it would have.”
borrowing just about less than 50% of what we
were originally looking at and using more from we might not get that,” Bittner mentioned. “The
5040 3rd Avenue, Edson040 3rd Avenue, Edson Reserves and future savings,” said Municipal PASSPORT PHOTOS & MORE
5
Finance Intern Mike Passey.
T
Original tax implication calculations were The Weekly Anchorhe Weekly Anchor
7
780-723-578780-723-5787 based on a $15 million debenture over 30 years. REMINDER: THIS WEEK’S FEATURE 5040 3rd Avenue, Edson040 3rd Avenue, Edson
EVENT
5
“If we were to use a $7 million debenture over
780-723-578780-723-5787
30 years, that $205/year for the capital portion
DROP IN AND SEE!ROP IN AND SEE!
reduces to $95/year,” said Passey. This amount Sept 21: Parkland Mint Homes Ltd. D 7
can be achieved by allocating funds to be
D
DROP IN AND SEE!ROP IN AND SEE! received through the Revenue Sharing Lodge Auxiliary
again sponsors
Agreement and reallocating funds from the
their annual
Civic/Cultural Centre Reserve to the Multi-Use Grandparents'
Facility Reserve. Walkathon at
“We would continue to look at more options Parkland Lodge on
th
and more cost saving measures that we could do, 5 Avenue. The ASSIGNMENT WRITER
Walkathon starts at
PASSPORT PHOTOS & MORE but as of right now this is what we have,” said 10 am. For more Enjoy getting out and meeting
Passey.
Councillor Jacqui Currie asked how Leduc is information and people?
able to run their multi-use facility with $0 pledge forms
Professional Digital Passport System photos operating subsidies. Passey replied, “If you look please phone Ivan The Weekly Anchor is looking for an
assignment Writer!
at 780-723-4020,
ready in minutes while you wait... at Edson if you wanted to go skating at a public Carol at 780-723- person with good writing skills to write about
The Weekly Anchor has an opening for a
skate, it's $2-4. In Leduc it's $9, but you get
Professional Digital access to the entire Centre for the whole day.” 5518, or Ann at local events
780-723-4522.
Passey added that Leduc also has a larger
Passport System Three bedrooms and two bathrooms Spacious WITH EMPHASIS ON LOCAL
SPORTS.
photos ready Pet of the Week bungalow with main floor laundry Natural Training provided. Great for added income.
Pet of the Week
Work from home and/or our office.
Call for information 712-6788
in minutes Call for information 712-6788 sunlight abounds in the dining room and Grade 12 or Post Secondary Education
www.http://www.edsonanimalrescue.com
www.http://www.edsonanimalrescue.com
Email: edsonanimalrescue@hotmail.com
Email: edsonanimalrescue@hotmail.com
required.
while you wait... Sweet senior boy Enzo has been waiting sooo long kitchen from the skylights above Living room Resumes should be dropped off at 5040 3rd
accented by vast bay window Roomy master
for his retirement couch. Enzo is an eight year old bedroom boasts large walk-in closet 26'x24' Avenue
mixed breed fellow who deserves so much more (or sent to the Publisher by email at
anchorwk@telusplanet.net)
than what life has dealt him in the past. He garage with access to the basement.( plan
missed being euthanized in Quebec by only a few comes with basement
days just because he was old. EARS has been development plans) For these plans
fostering him for more than a year now and
would love for him to get the cuddles and
attention he deserves. Find out more about Enzo Member of National Home Warranty Program
on EdsonAnimalRescue.com
Sponsored by: Phone: 780-723-2330
Wills ASSIGNMENT WRITER
Real Estate Fax: 780-723-5068
D 780-723-3245 Business Law Email: minthome@telusplanet.net Enjoy getting out and meeting people?
DROP IN AND SEE!ROP IN AND SEE!
The Weekly Anchor is looking for an assignment Writer!
5040 3rd Avenue, Edson
5040 3rd Avenue, Edson The Weekly Anchor has an opening for a person with good
writing skills to write about local events
780-723-5787
780-723-5787 WITH EMPHASIS ON LOCAL SPORTS.
Training provided. Great for added income.
T
The Weekly Anchorhe Weekly Anchor Work from home and/or our office.
Grade 12 or Post Secondary Education required.
Resumes should be dropped off at 5040 3rd Avenue
(or sent to the Publisher by email at
anchorwk@telusplanet.net)
