The B.C. government agreed to pay VANOC up to $10 million for Olympic and Paralympic assets, 24 hours has learned.
A copy of the asset purchase agreement between the Citizens' Services ministry and VANOC, obtained via Freedom of Information, said VANOC spent $33.5 million on chairs, tables, TVs, computers, shovels, brooms and other items through Nov. 27, 2009.
The list of nine asset categories is dominated by IT equipment valued at $12,205,691. VANOC also spent $6,391,097.35 on furniture and accessories and $4,189,459.17 on electronics.
Assets went on public sale March 27 at the VANOC main distribution centre in Delta, but many were pre-sold to a variety of business, government and community groups across Canada. The agreement said some of the third-party purchasers paid 20 per cent deposits and have until May 31 to pay the balance and take possession. The public sale is scheduled to end June 15.
The agreement's invoicing and payment terms were censored by the government, but an appendix lists buyers and prices for pre-sold items. ParagonNT's $457,478.54 buy of network routers, switches and cables was the biggest purchase listed. Ex-VANOC venue logistics manager Balbir Hundle and Cal Read are spending $45,000 for 10,000 standard folding chairs. VANOC gave 10,000 packs of hand-warmers to the Halifax 2011 Canada Games organization for free.
The agreement does not include memorabilia or archival items, sport equipment, anti-doping equipment or athlete bedroom furniture.
Bob Mackin reports for 24 Hours Vancouver.
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