While the "Big Talk" is about the proposed Down Town development, there is lots of room for growth in improving services and infrastructure. These are two of many discussions I have reviewed on this topic.; http://secure.amcto.com/imis15/Documents/Resources%20and%20Pubs/Plant,%20Continuously%20Improving%20Municipalities%20to%20Achieve%20Strategic%20Success%20.pdf.

E:\Investing Sustainably in Infrastructure.html

Applying some of my thoughts I looked back at our new Fire Station, to discover we built on land we lease from WDI, here's what I see:

Fire station, land leased from WDI

At about $22,500 per year plus CPI annual increases.

Term 20 years, plus two 10 year options.

Value of land at start of lease about $220,000

Total cost of lease over full 40 year term about $ 1,400,000

Or 3.2 times the mortgaged cost of purchase!

Building becomes chattel to the land, (we do not own it)

What happens to our fire station if we sell WDI, will the new owners cancel the lease at the end of the first 20 year term?

Cost to purchase and hold a mortgage for the same period, $409,085, and we own it all!

Is the same kind of thinking going to be applied to our new Community Hub?

We Build it, then sell the land and lease it back to recover our over expenditure?