Telkwa bylaw creates stir

Erroneous report claims increased property taxes for Telkwa residents

A few Telkwa residents were up in arms last week after it was reported  that the village was attempting to pass a bylaw that would allow council to borrow $200,000 to meet expenditures on the Hankin Ave. building renovation, and that repayment would come from increased property taxes.

Not true, Village of Telkwa councillor Rimas Zitkauskas said.

“There are times, where we are incurring expenditures because of a grant we have received,” he said, in reference to the $644,000 Municipal Green Fund grant the village was awarded to renovate the Hankin Ave. corner building.

“But we haven’t gotten a penny of that money yet and because we won’t receive the money until after the project is complete, we have to use our reserve fund.

“The money would be used to cover the temporary depletion of the reserves for cash flow purposes.”

Put in simpler terms, Zitkauskas compared the bylaw to personal chequing and saving accounts.

“If a person has a chequing and a savings account, they normally won’t touch the savings account.

“But let’s say your boss says your paycheque is going to be two days late, well you might have to use your savings and then pay it back when the paycheque arrives.”

The $200,000 reserve bylaw was a precautionary measure, to cover the village if the grant money doesn’t arrive by the time the reserve fund runs out.

With the building nearing completion, Zitkauskas says he expects the money from the grant by the end of March and, if the money is received by then, the village will not need to use the $200,000. Zitkauskas also said the project has not suffered any cost overruns.

“This bylaw has no impact on what we spent or didn’t spend on the building. It doesn’t increase the planned budget.”

Once the grant money is received, it will be returned to the reserve fund in order to replenish it to pre-renovation levels, Zitkauskas said.

The Hankin Ave. building currently houses the village offices. It was retrofitted with a district, wood burning heating system and two new commercial spaces as part of a federal green fund grant.

 

 

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Provincial COVID-19 data can now be used for B.C. to prepare for a second wave

In the past week, B.C. has seen a slight spike in daily test-positive case counts

Four air ambulance flights out of Terrace delayed or cancelled

Pandemic precautions caused nighttime closure of service station providing weather data to pilots

Skeena Resources, Tahltan prez excited by purchase of Eskay Creek

Skeena gets full control of mine, Barrick gets 12 per cent of Skeena and a one per cent royalty

Seabridge Gold starts drilling along proposed tunnel route north of Stewart

Twin tunnels will connect the KSM mine to its mill and tailings site

Mother grizzly bear with two cubs spotted on Gruchy’s Beach trail near Terrace

Conservation officers also warning public to stay away from Grizzlies on lower Kitimat River

B.C. records 62 new COVID-19 cases, two deaths since Friday

Province has just over 200 active cases

Hotel rooms for B.C. homeless too hasty, NDP government told

Businesses forced out, but crime goes down, minister says

Wage subsidy will be extended until December amid post-COVID reopening: Trudeau

Trudeau said the extension will ‘give greater certainty and support to businesses’

B.C. government prepares for COVID-19 economic recovery efforts

New measures after July consultation, Carole James says

Tree planters get help with COVID-19 protective measures

Ottawa funds extra transportation, sanitizing for crews

Trudeau apologizes for not recusing himself from WE decision

He says his and his family’s longtime involvement with the WE organization should have kept him out of the discussions

Beverly Hills 90210 star’s family selling Vancouver Island Beach Resort

You can own Jason Priestley’s Terrace Beach Resort in Ucluelet for less than $5 million

Islanders want BC Ferries to follow order that lets residents board before tourists

For ferry-dependent communities, ferries are often the sole practical lifeline to work, school or medical appointments.

Most Read