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Peachland council has to wait before spending $2.7M provincial grant

The money will be invested allowing council to prioritize projects
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District of Peachland offices. (Gary Barnes/West K News)

Peachland council has decided to bank a grant from the provincial Growing Communities Fund, despite one councillor asking they spend some of the cash now.

91裸聊视频淲e have acute existing needs for some of the money, specifically the Senior91裸聊视频檚 Hub,91裸聊视频 said Randy Brophey. 91裸聊视频淚 would like to see some of the money allocated for that.91裸聊视频

Mayor Patrick Van Minsel noted that the district is still waiting on details from the province on how the more than $2.7 million can be spent.

Instead, the money will be deposited into some type of guaranteed investment certificate.

91裸聊视频淧utting it in a guaranteed investment for a year at five percent would yield an additional $125,000,91裸聊视频 added Van Minsel. 91裸聊视频淚t gives us one year to see what we can do with it.91裸聊视频

Brophey countered that the Senior91裸聊视频檚 Hub needs to have a certain amount of money by July in order to qualify for a grant.

91裸聊视频淭hey have an acute short-term need specific to providing the food bank. I would hope we could allocate some of the money to those acute needs.91裸聊视频

Van Minsel suggested Brophey bring forward a notice of motion so council can discuss the matter at later date. The mayor pointed out that the district also has infrastructure needs.

91裸聊视频淥ur roads are coming up and $2.7 (million) seems like a lot of money, it is not.91裸聊视频

The district has up to five years to spend the money.

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gary.barnes@kelownacapnews.com

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Gary Barnes

About the Author: Gary Barnes

Journalist and broadcaster for three decades.
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