The Sunshine Coast Regional District (SCRD) has received approval from electors to borrow up to $9 million over a 30-year term to fund the Church Road Well Field project.
The SCRD says bringing the wells online will result in a significant increase in water supply in the Chapman system.
The results of the Alternative Approval Process, which closed at 4:30 p.m. July 20, are due to be officially reported to the SCRD board on July 23.
“Approval of the electors is obtained if less than 10% of the total eligible electors, calculated at 1,960, state their opposition to the borrowing by submitting a response form to the SCRD by the July 20 deadline. The AAP returned 21 response forms in opposition to the borrowing by the deadline, therefore elector approval has been obtained,” said Sherry Reid, SCRD corporate officer in a release announcing the result.
Property owners included in the Regional Water Service Parcel Tax Roll will be responsible for repaying the loan through a parcel tax of approximately $34.45 per parcel on an annual basis over the 30-year term.
“The SCRD Board recognizes the critical importance of ensuring adequate water supply in our region,” said Lori Pratt, SCRD Board Chair. “The community has asked for strong action on key services such as water, so we are very pleased with the support evidenced through the results of the AAP for this project”.
