Tuesday, September 14, 2010

New Treadmills for Sports Centre


The town of Fort Frances is planning to lease two new treadmills for the Memorial Sports Centre.

Council gave approval to the acquisition at their meeting last night, but Mayor Roy Avis felt buying them would have been a better option because of the high interest rate they'll pay on the lease.

"Rather than paying 12 per cent interest because if we're only get 3 per cent interest on our money it doesn't make sense to do that," says Avis.

Community Services Manager George Bell says leasing the units ensured a higher trade-in value when they replace the treadmills again in three years time.