Title
Greater Victoria Water Supply Area Land Acquisition Reserve Fund Update
Recommendation
1. That a reserve fund for Greater Victoria Water Supply Area land acquisition be included when considering of a reserve fund for Regional Water Supply System Master Plan projects, and that, until reserves are established, land purchase opportunities continue to be addressed through adjustments to the existing capital program and/or debt financing;
2. That the decision whether to establish a Greater Victoria Water Supply Area land acquisition reserve fund be brought back either, when recommendation 1. above occurs, or when a specific need arises; and,
3. That a report on land acquisition opportunities and progress be provided, in closed meeting, only when Commission decision is required or significant progress is made.
(NWA)