A Few Things You Should Know

Anonymous has left a new comment on your post "The Mystery Of The Lease":

"It is the job of Councillors to be aware of anything that takes or gives revenue to the town. A taxpayer can ask about an item and expect an answer. Surely there must be a couple of Councillors who are ' curious '?"

Okay... the building was being used by the Town before. Inbound revenue $0 - outbound cash > $0.
Now the tennants are in, Inbound revenue > $0 - outbound cash a one-time > $0 but should no longer be the case.
Which is a better situation to be in? I think the latter.

The deal is done - move on to the next MorMac decision we need to reverse, this term will be up soon.

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1. Funds expended on the building prior to the tenant moving in were far in excess of the first year's rent.
2. This year's capital budget has another $200,000 in the budget to be expended on the building.
3.The Parks department were able to construct furniture and  a gazebo at the facility during winter  months because of having the workshop.
4. The building was more than  adequate, with  bays for parks vehicles and  equipment and a secure yard to accommodate whatever storage was required by the department.
5. At considerable expense a consultant was  retained for a space accommodation study and advised  council that to provide  architect designed space for works and parks combined, at a different location,  will  likely cost the town  $17 million dollars.

Space currently occupied by the parks department abuts the works department. No consideration was   given to the parks department moving to the Hydro building and the works department taking over  parks department space to accommodate the town's need  for the future with no expenditure whatsoever for new facilities.

We contract many of the responsibilities of  public works. The policy should save the town on manpower, equipment and space needs.

Contractors use  the town's  works yard  for equipment, supplies and no doubt their employees use the  facilities as well.

Now tell me again, we should move on and stop thinking about the logic of leasing a  property worth millions,  for revenue less than expenditures that had the potential of producing $69,000 of  taxes revenue and twenty seven jobs. That's the number of employees  prior to Power Stream purchasing Aurora Hydro. .

Explain to me again why you thinks that's sensible management.