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- III‘EI " kid Taxpayers Remember To Vote The following Councillors were against the motion: Councillor Butler Councillor Summers Councillor Taylor Councillor Telegdi Fact: FCCt: Land valued at $500,000 in 1989 at 7% interest cost $14.7 million (l!) over 50 years. Fact: Building Purchase (Bailout) $1.5 Million at 7% interest cost $44.1 million (l!) over 50 years. Fact: _ To own the Canadian Clay & Glass Gallery over the next 50 years could Cost over 100 Million Dollars Fact: Fact: The following Councillors were in favour of purchasing and maintaining the Canadian Clay & Glass Gallery: The above calculations are without taking inflation into account. Councillor Brown Councillor Forwell Councillor Hoddle Janitorial Service, Landscaping, Snow Removal, Security System. Elcclm'ny. City Salaries, Equipment Upkeep, Gas, Water. General Insurance. Parking. Lost Tax Revenue is approximately $20,000 annually at 7% interest cost $8.6 million over 50 years. Repair - Maintenance Estimated annual cost approximately $100,000 at 7% interest is $43.4 million(!!) over 50 bears. behalf ! In February 1994 the City of Waterloo signed a 50 year leasehfor per year on taxpayers That's what we and future generations must pay to own the Clay & Glass'Gallery ADVERTISEMENT Councillor Councillor Councillor -A Concerned Waterloo Taxpayer. WATERLOO CHRONICLE. WEDNESDAY. NOVEMBER " 1996 _ PAGE I, McKenty McKinnon Siemens