Full financial accounting for public
Handed out to the public was an agenda containing the history of the original arena and an FAQ document concerning the Pat Burns Arena. It contained both the questions organizers felt were pertinent to the public, as well as comprehensive answers. The meeting followed this agenda while allowing the public to pose questions. Included in the agenda were some of the more publicized issues, such as the legal ownership of the old arena, the finances and construction process of the new arena, the elevator, and the $25,000.00 donation the Stanstead Municipal Council donated to the Pat Burns Arena in December, 2011.
The original quote submitted by Roche Construction in 2010, and accepted by Town Council, was for $8,939,700.00. The construction of rue Pat Burns, which leads to the arena, and its’ infrastructure, cost an additional $303,000.00. This was not figured into the original construction quote. Furthermore, in addition to the Roche Construction amount, there were also additional fees incurred in excess of the original quote which were the result of securing such necessary services as architectural, engineering, quality control, project management and additional materials. To date, the Pat Burns Arena has cost $9,863,374.81, which includes taxes. Mr. Guillaume Labbé, when asked by citizens to provide a full financial accounting to the public for the arena’s construction costs, promised to do so promptly. In regard to the responsibility for the project’s cost, it was reiterated that Stanstead College has offered a guarantee to the Municipality to raise all funds associated with the cost of the project.
Stanstead College is obliged to raise approxi- mately $2,400.000.00 for their portion of the project not covered by government subsidies. To date there remains a balance of $1,600,000.00 to be raised on the part of the school to pay off the remaining debt. The public was informed that Municipal Council’s donation of $25,000.00 was, in actual fact, donated specifically to help pay off the College’s outstanding debt on the arena. It was also noted that the old arena, which resides on land originally donated to the Town of Stanstead by the Holmes family for use as a children’s play area, legally belongs to Stanstead College. Concerning the issue of handicap accessibility, an elevator was originally intended to be installed, but budget restraints prevented its’ installation at time of construction, but the shaft was installed in order to facilitate the installation of an elevator at a later date. Its’ addition will require that funds be raised in order to cover the cost of installation.
The agreements between the College and the Town concerning the Pat Burns Arena consist of an emphyteutic lease and a management contract. The lease is required due to the fact a municipal building has been built on property belonging to Stanstead College. The management contract assigns responsibility for the management and upkeep of the arena to the College, including such expenses as insurance, maintenance and staff, which are required to maintain the building and the services it offers. Stipulations in this agreement guarantee 100 hours a year of free ice time to each of the two local elementary schools and a 20% reduction in ice time costs for the municipality.