Flume costs revealed by Kimberley Council

$3,356,334 spent to date on Mark Creek Flume rehab project

Two weeks ago, Kimberley City Council voted to disclose what has been spent thus far on the Mark Creek Flume rehab.

Those costs were presented to the public on Monday evening at the regular meeting of Kimberley City Council.

A report from Chief Financial Officer Holly Ronnquist shows that the City has spend $3,356,334 to date on the project. Of the $3.35 million spent to date, $2.7 million has been spent on Phase I, including construction and land purchases. $619,494 has been spent on Phases two and three. Only $245,000 has been paid out of the general fund. The other $3,111,334 is debt.

Mayor Ron McRae says that some costs of the project have come in at, or under, budget, others were more than anticipated.

“The major contractor, CopCan, actually came in below price,” McRae said. “But there are challenges we face with unknown projects of this size. We were not able to accurately estimate the cost of rock. That added significant cost to the project.”

There have been no costs incurred in 2014 and a decision has not yet been made on whether to proceed with Phase 2 this construction season.

 

 

 

 

 

 

 

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