Mayor Cal Huntley and Hudbay Manitoba Employees Director of Human Resources, External and Indigenous Affairs Richard Trudeau were at City Hall yesterday afternoon to present the City’s new financial agreement with Hudbay. Huntley explains….
“Hudbay has always sought to be a valued partner to the community by providing financial support through a variety of means. The grant in lieu was a key element of this. Flin Flon and Hudbay have operated under a series of grant in lieu of taxes agreements dating back to the beginning of Flin Flon in 1939. Under the new agreement Hudbay will continue to pay a grant in lieu of all municipal and school taxes.”
This new agreement is providing contributions of more than 70 percent of the historical high payments from past agreements so with the current grant in lieu of taxes at 6.4 million dollars with Hudbay’s reduced presence after the conclusion of mining activities last June the grant will now be between 4.5 and 5 million dollars. Trudeau noted the agreement took two years to work out and comes into effect January 1st running for five years.
The agreement also includes the maintenance by Hudbay of water levels at Cliff Lake for the potable water intake operated by the city, connection by Hudbay to the city water supply to maintain water levels at the Hudbay reservoir and the provision of fire protection services by the city to facilities owned by Hudbay.
