Capital projects shortfalls
Bow Island town council voted to transfer from reserves to cover over-expenditures on two projects from last year.
The Town had budgeted $161,740 for the 2nd St. W. project and received $214,505.03 in funding, but expensed $262,046.45, leaving a $47,541.42 shortfall. Monies from the General Capital Reserves account will be used to cover this shortfall.
Also, there was a $456.26 shortfall for the Lift Station #5 upgrade, which will come from the Sewer reserve account.
Airport Industrial Park-from Jan. 26 meeting
At the Jan. 26 council meeting, mayor Gordon Reynolds announced that the $2.4 million Airport Industrial Park project had came in under budget at $1.8 million.
“The first phase came in under budget by $12,000 and the final project for Brooks Paving is $1,853,995.20,” said mayor Gordon Reynolds. “They have done a fantastic job out there.”
The savings on the project came from provisional items in the contract that were not used.
Council approved two projects at the Western Financial Group Community Arena, including to the men’s’ and ladies’ washrooms. Improvements would include upgrades to the stalls and placement of electric hand dryers. The estimated cost of this project is $13,108 and would be funded through the Arena Reserves account.
Council also approved removing the four-foot by three-foot sheets of tempered glass along the west side of the arena and replacing it with four-foot by six-foot sheets of tempered glass. The change would improve visibility for the spectators.
The old sheets of glass may then be used at the north end of the arena, replacing the white puck board. The estimated cost of this project is $8,000, coming from the Arena Reserves account.