Sparwood to sell its interests in temporary arena floor

The District of Sparwood decided to sell its interests in a temporary arena floor cover at the Feb. 2 council meeting, due to a lack of use.

The District of Sparwood decided to sell its interests in a temporary arena floor cover at the Feb. 2 council meeting due to a lack of use.

On Jan. 22, the City of Cranbrook inquired about the possible purchase of Sparwood’s interests in the flooring.

The district purchased the flooring in partnership with the City of Fernie in 2009 to make better use of their respective facilities. Since the original purchase date,  the district has only used the flooring once.

The flooring initially cost Sparwood $68,130 but has since depreciated in value. The flooring in now worth approximately $52,970.

Sparwood is looking to receive consent from Fernie for the outright sale of their interests in the flooring, as per their joint purchasing agreement made six years ago.

Any further funds obtained from the sale of the flooring will be returned to the Recreation Reserve Fund.

 

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