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By highwater (registered) | Posted July 27, 2010 at 17:44:31
The Future Fund Board has passed McHattie's 3 part motion:
A) That the $60-million dollars is a loan (The board had previously stated it would be a loan, but council overruled it and changed it to a grant. The board reiterated it should be a loan.) B) That the preferred site is the West Harbour C) IF Council votes for a East Mountain site - then NO Future Fund money be used for the site.
Two citizen members, Clark, and Eisenberger were opposed, Eisenberger apparently saying that he didn't want to prejudice the ongoing negotiations.
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