File #: 25-0678    Version: 1 Name:
Type: Action Report Status: Carried
File created: 5/30/2025 In control: Skana Water Service Committee
On agenda: 6/13/2025 Final action: 6/13/2025
Title: Capital Projects Requiring Funding - Potential Funding Options and Cost Implications?
Attachments: 1. Staff Report: Capital Project Funding Options and Cost Implications, 2. Appendix A: Matrix of Elector Approval Processes, 3. Appendix B: Draft Letter & Petition for the Skana Water System Borrowing

Title

Capital Projects Requiring Funding - Potential Funding Options and Cost Implications​

 

Recommendation

1.                     That the petition process be initiated to borrow up to $1,100,000 over 25 years debt term to complete the capital improvement projects.

2.                     If the petition process is successful, that a loan authorization bylaw be advanced to the Electoral Areas Committee and Capital Regional District Board for readings and adoption; and

3.                     That staff complete the remaining steps required to secure the funds and begin the projects.