A Validation Report and a Business Plan will be presented to Council in August 2023.
The Validation Report, which will be prepared in collaboration between the Township, MaLennan Jaunkalns Miller Architects (the Project Architect), and Chandos Construction (the Lead Contractor), will provide detailed information around the costs, timelines, and milestones associated with the construction of the proposed facility and identify any areas which might adversely impact the success of the project.
The Business Case will focus on the financial implications of the project and present different ways to cover the projected costs of building the proposed facility as well as operating it.
These two documents will allow Council to assess the short and long term implications of project on Loyalist Township and make an informed decision on whether or not to proceed with its implementation.
In addition to the $16.5 million in Federal funding Loyalist received from the Green and Inclusive Community Buildings Fund, the community hub project costs will be covered through a combination of:
- general rate capital contributions
- existing reserve funds
- Development Charges
- partnerships
- debt servicing
- community fundraising efforts
We will also continue to seek more grant funding to support the project and have already submitted several grant applications that are currently under review.
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