HomeMy WebLinkAboutCS-17-88MEETING: COUNCIL MEETING
DATE: July 25, 1988
REPORT #: CS -17 -88
SUBJECT:
TOWN OF NEWCASTLE
FILE #:
REPORT #3
REPORT File #16,
Res. #
By -Law #
NEWCASTLE COMMUNITY HALL BOARD
REQUEST FOR FINANCING
RECOMMENDATIONS:
It is,respectfully recommended that Council approve the
following: -
1. That Report No. CS -17 -88 be received; and
2. That the request of the Newcastle Community Hall
Board be approved; and
3. That the necessary funds be drawn from the Working
Capital Reserve Account 2900 -00001 -0000; and
4. That the necessary work be administered by the
Newcastle Community Hall Board in conjunction with
the Town of Newcastle; and
5. That the Newcastle Community Hall Board be advised
of Council's decision.
BACKGROUND & COMMENTS:
Communication was received by the Community Services Department
from the Newcastle Community Hall Board requesting financial
assistance for the replacement of twelve windows in the Newcastle
Community Hall (attached).
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COUNCIL MEETING
REPORT NO. CS -17 -88 PAGE 2.
During a meeting with Community Services staff and
representatives of the Newcastle Community Hall Board it was
noted that the existing windows are the oringinal units
installed in 1922. They are wooden framed, single pane windows
which are leaking and very drafty creating an excessive impact
on energy consumption of the building. Costs for fuel to heat
the building in 1987 were approximately $5,122.00. It is
suggested that new window units would substantially reduce the
energy consumption each year by 10% to 25 %.
The financial assistance is being suggested to be in the form
of a $10,000. interest free loan from the municipality to be
paid back in two installments over a period of two years
commencing in 1989. However, it should be noted that a
transaction of this nature would require Ontario Municipal Board
approval as any agreement would exceed this Council's term of
office.
It is however, staff's opinion that the municipality is the
ultimate owner of the building and as such could assume
responsibility for any capital improvements to the building. As
a result it is respectfully recommended that if it is Council's
desire to assist the Hall Board in their request, that the
request be approved as a grant and the necessary funds be drawn
from the Working Capital Reserve Account 2900 -00001 -0000.
Respectfully submitted,
JC:JB:sa
Recommended for presentation
to the Committee
Newcastle Community Hall Board
NEWCASTLE, ONTARIO
LOA 1HO
Jun ,e �9 , to c ` .
I r • J • :.aruana ,
Community : ervices ,
Gorporation of" the '-o,vn of Neacastle,
40 Temperance treet,
,_;c ' IV IA V I LJ *, h, O nt ar i o
LlG 3A6
Lear iv=r • Garuana :
The I,ewcastle Gor,munity H :11 :i c• n_-xve cecicec th t new ,vindovrs
should be installed in the mail: %uditori air, of .-he i;ewcastle
To :,n Yall • These windows which we h�.ve are very drafty and
leaks snow and water.
pith the hik -,h cost of fuel, vie reel tii -t this project shoulc be
done �s soon 1.s possible. This 'aas one of -,.he projects we had
in our five year plan for improvement of the Co r.I:iu2ity riall•
The costs of the windows is apvro i ; teliY ;;1,00.00 and torvard:-
this, we have set asi.o.e ")5,000.00 in term. deposit, and. have
about .;7,000.00 in the "ontaE;ue Trust fu. d • ,tie will be to okin�.
to borrow about : 10,000-00- 4e are wor_d erinE , if we could
borro,v this amount from the ;?o :.n anc. pay it back in two
installen-ent of 05,000.00 per year beEirnin� i-n 19 9•
Goulca you ple:�se Cive this your i.incest con iteration let
I:r• r'rec "ouch iiro�:r your intentions-
`r ours truly,
;..8. 1;.icl�aro., Ghairlcan,
ner /b Pe- roe
(L, `,'v _ h _ E
Ccmrrvi Dept.