RDNO plan to seek loan for water treatment upgrades progressing, won’t impact taxpayers

• Share on Facebook
• Share on Bluesky
• Share on X
• Copy Link

In order to close that gap, the RDNO will look to borrow $18-million on a 20 year term.

Vandalism

Polson Place mall windows smashed by rocks

3h ago

Fuel Price Spike

Local gas prices again nearing $2/L

4h ago

Wanted Man

Local police searching for man wanted for assault with a weapon

7h ago

The decision to go with that plan will put to the public through an Alternative Approval Process, where at least 10 per cent of the eligible electors will need to submit a completed Elector Response Form in opposition of the plan in order for it to not move forward. Dates for that process were not disclosed, but the RDNO had stated the borrowing would not go until 2027.

Bob Fleming, Director for Electoral Area B, said this borrowing, if approved, will not affect residents.

“If it passes, we are being authorized to borrow up to $18-million, but it doesn’t affect anybody’s taxes, nor does it affect the rate payers,” Fleming said at Wednesday’s meeting.

“I think that should make people pretty comfortable going forward with the loan authorization in this format, and, obviously, it gives that flexibility that we may need if the costs go up to the levels that they may, so we might end up needing to borrow some money on this project.”

The MHWTP report was presented to the Greater Vernon Advisory Council Wednesday, Mar 5, where the loan bylaw received first, second and third readings, and then ordered the bylaw to be sent to the Inspector of Municipalities for approval.