Port authority providing $71,600 interest free loan to ensure timely completion of Lester Centre roof replacement

That fiddler must have done less damage on the Lester Centre's roof than originally thought.

That fiddler must have done less damage on the Lester Centre’s roof than originally thought.

The cost of the Lester Centre of the Arts’ roof repair has decreased from the City of Prince Rupert’s original $250,000 estimate to a new figure of approximately $144,000.

“The roof will be finished this year and, fortunately, the cost ended up being less than originally estimated,” said the City’s chief financial officer Corinne Bomben last week.

As well, since the Prince Rupert Port Authority (PRPA) donated $125,000 towards the project in June at its annual public meeting from the organization’s Community Investment Fund to make up 50 per cent of the cost, the port’s adjusted donation will become $71,600, half of the new cost.

“This is consistent with PRPA’s Community Investment Fund contributions, where successful applicants can receive up to 50 per cent of their project cost, provided they have matching funds in place for the remaining 50 per cent,” said PRPA manager of corporate communications, Michael Gurney.

However, currently the City does not have the matching $71,600 to contribute to the project, so the PRPA is offering an interest-free loan of another $71,600 to pay for the remainder of the roofing cost.

That loan must be repaid in full to the PRPA by Aug. 1, 2016.

“The City is receiving a total of $143,201.23 from the Port Authority, with half that amount as an interest-free loan since the City does not have the resources to fund the remainder of the project on their own, or any other matching funds in place,” Gurney added.

“We are in the process of applying for grants to cover the balance,” said Bomben.

The roof was identified as a structure needing to be replaced in the City’s 2014 Annual Report and has been showing signs of moss growth, rusting, debris piling and drain blockage.

In the Aug. 17 city council meeting, it was revealed that Eby and Sons Construction Ltd. was awarded the roof replacement contract.

Just Posted

We are not closed: Salvation Army addresses rumours

Prince Rupert charity issues press release that its still open, offering hot meals six days a week

Vehicle fire extinguished at Rushbrook Floats

Fire crews say there were no injuries in the incident

Terrace users on Facebook post warnings about vehicle break-ins

RCMP say it’s important to always lock your doors

B.C’s salmon advisory council to visit Rupert and skip Terrace

Public engagement tour excludes all non-coastal communities

Oil tanker ban to be reviewed by committee

Indigenous groups for and against Bill C-48 travel to Ottawa to influence the Senate’s decision

This Week News Show – Episode 115

Highlights from this week in Prince Rupert

Shop Prince Rupert is back

These businesses are all taking part in the Shop Prince Rupert event until December 21 at noon

Sissons scores OT winner as Predators beat Canucks 4-3

VIDEO: Vancouver battles back to earn single point in Nashville

Lions announce seven members of coaching staff not coming back for 2019

The operational moves come two days after the Lions announced DeVone Claybrooks as the team’s new head coach

$12K awarded to atheist family who oppose Christmas, Hanukkah in B.C. classroom

Gary Mangel,May Yasue said holidays, Remembrance Day and Valentine’s Day not appropriate in preschool

Coach accused of sexual assault says apology letter was misinterpreted

Dave Brubaker has pleaded not guilty to one count of sexual assault and one count of invitation to sexual touching

Give the gift of nature this holiday season

Please don’t be mad, but I bought you a moose

Aboriginal poet faces backlash for calling out NHL-themed totem poles

Rebecca Thomas says she received backlash for asking a drugstore chain to remove NHL merchandise

No plans yet for free WiFi on BC Transit buses

BC Transit says they are monitoring the roll-out of free WiFi on Translink vehicles

Most Read