Colwood pays, despite retired mortgage

City of Colwood to continue paying approximately $18,000 into a reserve fund for the Juan de Fuca Library

The City of Colwood will continue paying approximately $18,000 into a reserve fund for the Juan de Fuca Library.

The funds, once earmarked for a $80,800 a year Capital Regional District mortgage on the building, that Colwood was responsible for 22 per cent of, will continue to flow into a reserve, despite paying off the mortgage in 2013. Colwood council approval will see the funds set aside to help pay for the maintenance and eventual replacement of the building as it continues to age.

alim@goldstreamgazette.com

Be Among The First To Know

Sign up for a free account today, and receive top headlines in your inbox Monday to Saturday.

Sign Up with google Sign Up with facebook

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Reset your password

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

A link has been emailed to you - check your inbox.



Don't have an account? Click here to sign up