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Prince Rupert airport loan may yet need voter approval
The loan to the Prince Rupert Airport Authority approved by city council to refurbish the terminal, runway and access road is not yet a done deal.
Although the bylaw has been passed, the agreement signed and the paperwork for the $7 million loan has been forwarded off to the Municipal Finance Authority (MFA) for approval, under the Community Charter, a municipality borrowing money to loan to another public authority must seek out the approval of the electorate.
Once the City of Prince Rupert receives approval of the MFA, the borrowing will need to either be approved via referendum or through an alternate approval process, under which a referendum would be sparked with 10 per cent of registered voters signing a petition against the borrowing.
Larry Golden, who attended the Aug. 19 council meeting, is also questioning why the airport deal was passed during an in-camera session — a session that did not have the airport matter on the agenda. According to the agenda for the in-camera meeting, council was to discuss honouring an individual, Watson Island and the annual municipal report.
Acting mayor Gina Garon did not immediately respond to repeated requests for comment from the Northern View.