Cookies help us to understand how you use our website so that we can provide you with the best experience when you are on our site. To find out more, read our privacy policy and cookie policy.
Manage Cookies
A cookie is information stored on your computer by a website you visit. Cookies often store your settings for a website, such as your preferred language or location. This allows the site to present you with information customized to fit your needs. As per the GDPR law, companies need to get your explicit approval to collect your data. Some of these cookies are ‘strictly necessary’ to provide the basic functions of the website and can not be turned off, while others if present, have the option of being turned off. Learn more about our Privacy and Cookie policies. These can be managed also from our cookie policy page.
Strictly necessary cookies(always on):
Necessary for enabling core functionality. The website cannot function properly without these cookies. This cannot be turned off. e.g. Sign in, Language
Analytics cookies:
Analytical cookies help us to analyse user behaviour, mainly to see if the users are able to find and act on things that they are looking for. They allow us to recognise and count the number of visitors and to see how visitors move around our website when they are using it. Tools used: Google Analytics
Social media cookies:
We use social media cookies from Facebook, Twitter and Google to run Widgets, Embed Videos, Posts, Comments and to fetch profile information.
Share Update: Westhills YW/YMCA Langford Aquatic Centre on FacebookShare Update: Westhills YW/YMCA Langford Aquatic Centre on TwitterShare Update: Westhills YW/YMCA Langford Aquatic Centre on LinkedinEmail Update: Westhills YW/YMCA Langford Aquatic Centre link
Overview At the November 4th, 2024, Council Meeting, City of Langford Council was provided with a comprehensive update from Colliers Project Leaders regarding the potential purchase of the Westhills YW/YMCA Langford Aquatic Centre and parking. The briefing detailed the due diligence steps taken to date, and the financial impacts of either continuing under the current arrangement or proceeding with purchasing the building and parking.
The City’s Legal Obligations The YW/YMCA has indicated that it has already lost over $10 million to date operating the facility, and that its business model does not cover expenses like lifecycle costs. The due diligence indicated that, according to the tripartite agreement, the City is required to cover all building related costs if the YW/YMCA cannot cover building lease and lifecycle expenses.
Estimated Lifecycle Costs Colliers Project Leaders estimates an expenditure of approximately $14.8 million for lifecycle costs over the next 17-years, regardless of whether the City decides to purchase the building or not. As noted, this obligation arises because the City acts as the financial guarantor under the terms of the 2013 tripartite agreement.
Short-Term Tax Implications/Potential Savings A purchase will require a tax increase of 1.75% annually from 2025 to 2028.
However, due diligence indicates that purchasing the building is projected to save the City $10.2 million over 17-years, and $121 million over 42-years, instead of continuing with the current arrangement.
In addition to the projected significant long-term savings, the purchase of the building and associated parking lot would secure the asset for Langford residents, providing more certainty around the facility operations after the current arrangement expires in 17-years.
How to Provide Your Input:
Email a Written Submission to Council: LetsChat@Langford.ca
Attend a Council Meeting In-Person: Langford City Hall, Council Chambers 3rd Floor, 877 Goldstream Avenue
Attend a Council Meeting On-line: For dial-in meeting information visit: Langford.ca/Meetings
Future Council Meeting Dates Monday, November 18, 7pm Monday, December 2, 7pm Monday, December 16, 7pm (if needed)
Overview At the November 4th, 2024, Council Meeting, City of Langford Council was provided with a comprehensive update from Colliers Project Leaders regarding the potential purchase of the Westhills YW/YMCA Langford Aquatic Centre and parking. The briefing detailed the due diligence steps taken to date, and the financial impacts of either continuing under the current arrangement or proceeding with purchasing the building and parking.
The City’s Legal Obligations The YW/YMCA has indicated that it has already lost over $10 million to date operating the facility, and that its business model does not cover expenses like lifecycle costs. The due diligence indicated that, according to the tripartite agreement, the City is required to cover all building related costs if the YW/YMCA cannot cover building lease and lifecycle expenses.
Estimated Lifecycle Costs Colliers Project Leaders estimates an expenditure of approximately $14.8 million for lifecycle costs over the next 17-years, regardless of whether the City decides to purchase the building or not. As noted, this obligation arises because the City acts as the financial guarantor under the terms of the 2013 tripartite agreement.
Short-Term Tax Implications/Potential Savings A purchase will require a tax increase of 1.75% annually from 2025 to 2028.
However, due diligence indicates that purchasing the building is projected to save the City $10.2 million over 17-years, and $121 million over 42-years, instead of continuing with the current arrangement.
In addition to the projected significant long-term savings, the purchase of the building and associated parking lot would secure the asset for Langford residents, providing more certainty around the facility operations after the current arrangement expires in 17-years.
How to Provide Your Input:
Email a Written Submission to Council: LetsChat@Langford.ca
Attend a Council Meeting In-Person: Langford City Hall, Council Chambers 3rd Floor, 877 Goldstream Avenue
Attend a Council Meeting On-line: For dial-in meeting information visit: Langford.ca/Meetings
Future Council Meeting Dates Monday, November 18, 7pm Monday, December 2, 7pm Monday, December 16, 7pm (if needed)
Page last updated: 20 Nov 2024, 02:47 PM
Timeline
Council Meeting
Update: Westhills YW/YMCA Langford Aquatic Centre has finished this stage
November 4, 2024 Presentation to Council
Community Input
Update: Westhills YW/YMCA Langford Aquatic Centre has finished this stage
How to Provide Your Input:
Email a Written Submission to Council LetsChat@Langford.ca
Attend a Council Meeting In-Person Langford City Hall, Council Chambers 3rd Floor, 877 Goldstream Avenue
Attend a Council Meeting On-line For dial-in meeting information visit: Langford.ca/Meetings
Council Meeting
Update: Westhills YW/YMCA Langford Aquatic Centre is currently at this stage
November 18, 2024 Public Input
Council Meeting
this is an upcoming stage for Update: Westhills YW/YMCA Langford Aquatic Centre
December 2, 2024 Public Input Council Deliberation
Council Meeting
this is an upcoming stage for Update: Westhills YW/YMCA Langford Aquatic Centre
Click here to play video
Recording of the November 4, 2024 Council Meeting Presentation
The video presentation provides an overview of the City’s assessment regarding the implications of deciding whether or not to purchase the Westhills YW/YMCA Langford Aquatic Centre.
Click here to play video
Recording of the November 18, 2024 Council Meeting Presentation
Westhills YW/YMCA Langford Aquatic Centre Update.
Presentation Slide Deck: Nov. 4 and Nov. 18 2024, Council Meeting