But the planned debenture will not require a vote by Iqaluit rate payers, said deputy senior administrative officer Okalik Curley. That's because the debenture will be paid back using lease payments, not property tax revenue from ratepayers, Curley said. With Iqaluit's population expected to increase at a 20 per cent clip this year, Bedard said the subdivision is sorely needed. The federal government is looking for 40 to 50 lots in Iqaluit and this subdivision is one of a few options, Bedard said. A request for proposal will be issued for the 12 multi-use lots planned will be sent out for request for proposal.
Town council can then approve or turn down the proposals.
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