Referendum passes by slim margin

Ian Jacques/Editor / Staff writer
March 8, 2014 01:00 AM

The District of Sechelt has been given the power to accept an alternative source of funding for the community's wastewater treatment facility but by only a slim margin.

In preliminary results released Saturday night by the District of Sechelt, 868 votes were cast in favour while 853 votes were cast not in favour. In all, 1,721 ballots were cast of the 7,639 eligible electors.

The funding option is comprised of a non-repayable grant of up to $1 million and a loan of up to $7.4 million repayable over 10 years at a fixed interested rate, estimated to be 2.25 per cent.

Coast Reporter will have more on the story on-line and in print in the coming days.

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