Regina council approves debt financing, mill rate increase for central library renewal

Discussions on the future of the Regina Central Library have persisted for more than a decade, with leadersstuck in a cycle of discussingwhat could be done and whether the cost was worth it.

At a special council meeting on Tuesday, the future of the library became a little more clear.

In a 4-3 vote, council approved a request from the Regina Public Library board of directors to be able to take on debt to finance the renewal of thecentral library branch.

"There's one thing that's absolutely clear that we need to do something about the central library," said Ward 2 Coun. BobHawkins."That discussion has gone on since 2009 and it's time to move the discussion forward."

Council approved a plan for between $92 million and $119 million in debt financing for the planned project.

The vote went against the recommendation of city administration, whichwasasking council to defer its decision until the third quarter of 2024, when the administration could provide a recommendation on the financing ofother capital projects.

Hawkins put forward themotion to approve the debt financing for the central library now, citing the need to committo the project, in order for council and the library board to move forward with planning.

Council also approved, in principle, a dedicated library mill rate increase of5.5 per cent every year for five years, with that money put into a reserve account for the central library.

Theincrease amounts to 92 cents per month, or $11.53 per year,for an average Regina homeowner.

Hawkins was joined by Ward 5 Coun.John Findura, Ward 9 Coun. Jason Mancinelliand Mayor Sandra Masters in votingin favour of the motionwhileWard 4 Coun.Lori Bresciani, Ward 7 Coun. Terina Nelson and Ward 1 Coun. CherylStadnichukopposed the motion.

Many of the concerns raised by councillors was the need for fiscal responsibility.

"Budgets don't balance themselves and money doesn't just come out of thin air. It comes from taxpayers," said Nelson.

Many things remain to be settled about the project and its future. That includes whether it will involve the construction of a new building, the renovation of another building or upgrades tothe existing central library on 12th Avenue.

"We want to keep all of those options open, but the only way we could do that is to invite the developers, those folks that would build a new library, to come forward with their ideas," said Hawkins. "To do that, we need afinancial commitment from city council."

Last month, the Regina Public Library board approved a plan contingent on receiving the city's approvalto begin a 16-month-longprocurement process that will cost $1.5 million.

The scope of the project, initially approved in 2022, has downsizedfroma 159,000-square-foot building to a smaller, 125,000-square-foot building.

The project is estimated to cost between $125 million and $150 million, including debt in the range of $92 million to $119 million.

Once the procurementprocess is completed, the board would go back to city council to finalize debt numbers before starting construction.

Administration staffing

Barry Lacey, the city's deputy manager of financial strategy, is not renewing his contract his last day was on Friday.

City manager Niki Anderson explained to council the importance of replacing Lacey because he was the CFO of Regina Exhibition Association Limited (REAL)and there was a need to have accounting expertise on the board now that he is gone.

At Tuesday's special meeting, Masters presented a motion to add a position to REAL's board of directors.

That item was moved to next week's council meeting after there wasn't unanimous consent to add it to the agenda for Tuesday's meeting.