IN last week’s Comment News, the City of Armadale advertised a proposal to borrow an additional $3.5 million as part of the total $14.9 million borrowing required for the much-needed Landmark City building.
It is proposed these funds be borrowed for a term of 20 years at an interest rate not exceeding 6 per cent.
It would be very pleasing to most ratepayers if councillors would consider using the more than $1 million identified in council budget commitments for the Keane/Anstey roads extension to reduce this total ask.
A reduction of $1 million at an interest of up to 6 per cent for 20 years would mean big savings in debt reduction.
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READ NOWIn the opinion of many, the Keane/Anstey extension has never been fully justified regarding the benefits versus costs to the wider community. It is certainly not a priority and was put forward to council before most of the present councillors were there.
Given the looming boundary changes with Serpentine Jarrahdale and the huge added costs associated with this exercise, this opportunity for a large saving on debt reduction should be looked at.
PAT HART, Roleystone