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The Oct. 16 ratepayers’ vote: How it works

City seeks permission to borrow up to $16 million

JIM BELL

When Iqaluit residents go to the polls Oct. 16 to elect a new city council, Iqaluit property owners will decide, at the same time, if the city may borrow money to pay for two badly needed pieces of infrastructure.

Only ratepayers – those individuals, companies and organizations paying property tax – are eligible to cast ballots on those two referendum questions.

Here’s how it works:

What are the questions?

1. Do you approve of the City borrowing up to a maximum of six million dollars within a five year period for the construction of a new City Hall?
2. Do you approve of the City borrowing up to a maximum of twelve million dollars within a five year period for the construction of a multi-purpose recreational facility and swimming pool?

Each ratepayer is asked to vote Yes or No to each question.

Who is eligible to vote?

All ratepayers of the City of Iqaluit are eligible to vote. The only requirement for eligibility is that you must be listed on the Iqaluit tax roll.

How many votes may multi-property owners cast?

• If you own one or more properties, you get one one vote.
• If you own one or more properties in partnership with one or more people, then the group is considered to be one ratepayer and gets one vote.
• A business, society, organization or corporation that owns one or more properties is counted as one ratepayer and gets one vote.

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