Summerside buys land for future Rotary Regional Community Learning Centre
The City of Summerside has purchased the building and land that will be the future home of the Rotary Regional Community Learning Centre.
The city fronted the $300,000 necessary to purchase the property, situated at 57 Central St., a move that Summerside Mayor Bill Martin explained was necessary in order for the Rotary Club of Summerside to secure almost $800,000 in federal funding.
“You could refer to us as bridge financiers,” said Martin. “At some point in time the $300,000 is either going to be repaid or the city will become a partner along with the province.”
The decision was made at a special in-camera council meeting on July 23, days before Egmont MP Gail Shea announced $791,498 in federal funding for the project.
It was a pressing decision, said the mayor, who explained the Rotary Club had to move fast to secure the funding while the offer from the feds was still on the table.
“It had to be done by Friday of this week.”
The expectation is that the Rotary Club, which hopes to secure provincial funding, will repay the money, which the mayor said came from an unused reserve fund from 2014.
When asked why the expenditure was approved behind closed doors, Martin explained that, currently, legal transactions and land transactions, as stated in the province’s Municipalities Act, must be discussed in committee of the whole.
“That is always a tough call,” added the mayor.