Borrowing of up to $110,000 was approved for the purchase of a new ice resurfacer for the Osoyoos Sun Bowl Arena. (Black Press file photo)

Borrowing of up to $110,000 was approved for the purchase of a new ice resurfacer for the Osoyoos Sun Bowl Arena. (Black Press file photo)

Borrowing approved for ice resurfacer at Osoyoos arena

Cost of equipment estimated at $170,000 with $110,000 in borrowing needed

The Regional District of Okanagan-Similkameen will borrow up to $110,000 for the purchase of an ice resurfacer for the Osoyoos Sun Bowl Arena.

The borrowing was approved at the regional district board meeting on April 21.

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The current machine at this arena is nearing is life expectancy at around 15 years. The existing unit will be kept as a backup and as a second unit as needed.

The new electric ice resurfacer has an estimated cost of $170,000. The town of Osoyoos will contribute $45,000 and the Electoral Area A gas tax contributiion is $15,000, leaving $110,000 to be borrowed from the Municipal Finance Authority. The debt servicing cost over five years is estimated at $22,132.

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Okanagan-Similkameen Regional DistrictOsoyoos