Continued from previous page Natural Parkland Trails How much is needed: $250,000 What will it cost to operate: $50,000 p.a. What and Where Use of trails is one of the fastest growing recreation activities and is enjoyed by all ages and all segments of the community - - hikers, walkers, nature viewers and cyclists, This funding will provide: * construction of new trails and upgrading existing trails mostly in the Alpine area * updated and new trail signage Why - __.@ improves access and safety and improved environmental pro- tection, © supports and builds on tral projects undertaken by community volunteers. Karen Magnussen Sports Court : How much is needed: $250,000 What will it cost to operate: $ 700 Karen Magnussen recCenter. The focility offers: ed for this outdoor facility has bees supported by the Lynn Valley residents through their associations, several of the Recreation Commission Commits, Commities of Council and by District Council. eos ite eee has had an extensive review process. ‘Consultation rere eer desi development. RT & Covincist to implement the J nor borrow to fund them. t Next steps _ Lynn Valley Main Library Building How much is needed: $6 Million. What will it cost to operate: No change to current costs. What and Where This project is a replacement for the Lynn Valley Library and Headquarters building, in a central location with adequate parking and good visibility and easy access. The branch serves as a commu nity resource centre for the District, with more sophisticated resources, longer hours and more specialized staff than the other branches. The new building at approximately 25,000 square feet will be larger than the present building and will provide: * expanded space for library materials and services, including more reading and study spaces and Internet and CD-ROM workstations . large meeting room for programmes and community use; train- ing area for staff and public, * improved Children's and Young Adult areas, designed to accommodate new technologies * improved access for people with disabilities * functional, well-designed Headquarters offices to support a ‘three-branch system Why _® seismic assessment and Upgrade Study (1993-1994) identified major structural work required and recommended replacement as best future option Referenduan information Forum Tuesday, October 22, District Hall | A Referendum Information Open House is being held Tuesday, October 22, to provide an opportunity for voters to } find out more about this Referendum Question, theproposed projects and financial impacts. Open House 4 p.m. to 6:30 p.m. Drop in to review informational displays and to discuss the projects. Forum 7 p.m. to 9 p.m. __ Presentations and question period. Televised on Rogers Cable, Tuesday, Oct. 29, 80pm Or drop in into your local library or recCentre October 25 to November 15 to view displays... e costo repaying of borrowed funds ; will be added to annual taxes of property owners in the District. On a total loan of * insufficient electrical capacity for new technologies * poor (below code) access for people with disabilities * existing building, constructed in 1969 with addition in 1974, is heavily used and expensive to maintain * increased public feedback about poor air quality, noise and overcrowding * a replacement facility was identified as a capital project for 1998 (Design) and for 2000 (Construction) How The planning process for the replacement will be coordinated by the Library Board and include a planning committee with represen- tation from the community, staff, arid resource people. inter River Park Sports Fields How much is needed: $5.5 M Phase | (Northern Portion). What will it cost to operate: $155,000 anally What and Where This project will initiate the first phase ofa major sports facility and neighbourhood park improvements at Inter River Park, located between Lynn Creek and Lillooet Road on the former landfill site. Funding of $5.5M will provide for: * four grass soccer fields and two ball diamonds * fieldhouse, service building and yard * trail and open space improvements © shifting traffic from local roads by providing a new pak access road off Lillooet Road. . 11 Fark and Rec Maer lan eid shag of prt. fields in North Vancouver * in 1995, Council approved the Inter River Pak Recreation U Use =: Study following a District- wide consultation posers speatheed : ed by a Cornmunity. Advisory Committee, . ° us "© transforming Inter River Park fri a andl oan ative, orga SES nized sport complex has been ongoing for many years; °° * the new plan ings the ees of onze ports eas and the neighbourhood. How ¢ Park improvements would proceed in tandem with the bd closure (separately funded). ' © approving the project will advance the work on the northern portion of the park and the total field inventory. ct * InterRiver Phase II (development of the Southern Portion)... would proceed at 2 later date al a cost of $6.4 M. _ 7 * since the neighbourhood and user-group consultation process - was completed in the Inter River Stady (which outlined the. conceptual plans for the entire Pask) progres be now made’ “Impact ‘0 on Taxes "years as the projects come on ‘dream and funds / care needed for the capital work‘and for operat ing the new facilities. a approval of the authority to borrow, $26 million, the owner of a home assessed at on fi halls, Toads, recreation and community cilities. This program considers what projects are “necessary, how much they will cost and how - they will be funded -- through the Heritage . Fund, taxes or debt financing. In accordance with this policy, Council is “ exercising an option to take some projects to : the public for their approval to borrow “necessary funds and to add the cost of “repayment of the loans to property taxes. The Referendum Question in November's election seeks authority to borrow funds of _ up to $26 million, should it be necessary, to fund eight Projects. Funds may only be used for the projects identified and be no more than the amount ‘identified for that project. All funds will be borrowed at a term of 20 years. . Approval of the referendum does not legally eat atenetelah ne os uN tats the eight proposed projects will come on stream in a phased manner. Some are at the -stage. where construction could begin almost ’ immediately, Some are at the concept stage and will require further public input and review and consideration by Council through the process of site selection, plan- ning, design and construction. While the borrowing authority is valid for 10 years, most projects are expected to be completed by the year 2001. As the specific projects come forward, the District will consider other sources of fund- ing, such as partnerships, in an effort to reduce the impact on taxes. ‘The Heritage Fund is being built up from proceeds of the sale and lease of municipally owned land, The Fund may be used for capital projects that can repay the cost to the Fund and therelore @ ensure its slong lerm twa. a Ae $320,000 (the average in the District) would see an increase of $95.00 on their annual tax bill. However, increases will be phased over several _ Parkgate Community Centre Inter River Park Sports Fielis Natural Parkland Trails Indoor Tennis Centre Capital funding required Cost of debt payment/operating % impact on taxes $ Tax impact per household we Na awe at a et The following timetine ilstates anticipated : phasing of the projects, estiinated maximum funding repirements and the Prete impac on taxes;