Zeeshan Hamid wrote:
Joan wrote:
I'm waiting for Zeeshan Hamid to respond to his post of March 1st where he said he would clarify C1 and C4 of Schedule D Veldrome Financial Sustainability Strategy which is part of the Town's plan to cover the $2.5M donation from Laurier which we now know is not going to be donated ...
You know something rest of us don't then. How do you know it's not going to happen?
That said, the goal is to only put in $3.8 million of development charges money out of our share. We're getting 5 acres of land for free for the velodrome / road access as well as 50% of the cost of road construction. That's what C1 and C4 are. They'll keep our share fixed at $3.8 million of development charges money even if the Laurier donation is delayed.
Hello Zeeshan:
Perhaps I'm misinformed about the $2.5M which was part of the private donations to be made toward building the Velodrome. It was my understanding, perhaps I am wrong, that it wasn't going to be donated, and this was the reason for Schedule D Velodrome Financial Sustainability Strategy. Why is there a contingency plan to cover the 2.5M if Laurier is going to make the donation? I'm sure you have more information than the public. Is Laurier going to make this private donation of $2.5M?
I'm not sure I understand how the Town is getting 5 acres for free, since I thought the Town donated this land to the educational village.
How is C1 and C4 connected to the free land?