And a partial list of those who made it happen…Janet, Mary, Bruce, Ron & Esther, Gerald, Susan, Andrea, Rod, Alice, Jim, Susan, Paul, Sally, Kathy, Marjorie and 400 more. THANK YOU!
and they said..
72% voted to merge with the CVRD!
Vote Saturday November 28, Union Bay Community Hall
It is clear the we have a long to do list and a very small bank account. We can continue to improve our water infrastructure so that we have water security. Infrastructure Grants and municipal financing will offset some of the parcel tax increases and higher water tolls we will be obligated to pay.
VOTE YES TO MERGE WITH THE CVRD!
We need infrastructure grants to repair our aging water mains. We will NOT get any grants by remaining an improvement district. According to the study 65% of our water mains will need replacement within 15 years, this will cost several million paid for entirely by 780 landowners. We would not even qualify for municipal financing. Furthermore postponing this work because we can’t afford it is poor asset management.
Capital Expenditure Charges CEC’s of $8900.00 per new connection is only $890,000.00 for 100 homes. The new water treatment plant can add another 100 homes, then it needs a second DAF filtration unit. Relying on CEC’s to create capital for water main replacements is not financially viable in my opinion. The money will end up coming from rate payers only. No grants, no municipal financing.
Did you know that UBID’s loan of $3.7 million dollars for the Water Treatment Plant would be $500,000.00 cheaper through Municipal Finance Authority? This savings would only be available if we convert to the CVRD.
As explained in the conversion study roughly 45% of water mains in Union Bay need replacing within 5 to 10 years. Capital Expenditures Charges will not cover this much needed work. It will come from landowners pockets, again.
With a combination of Infrastructure Grants and reduced borrowing costs by accessing the Municipal Finance Authority the out of pocket cost to landowners can be reduced by 60 to 80 %. Just remember the CVRD received grants and MFA for their Water Treatment Plant and landowners saved 80%.
There are spots available tonight at 7pm to meet with the CVRD, UBID and Urban Systems who jointly prepared the Conversion Study.
Landowners are invited to ask questions or make comments. Register at the door. There are seats available earlier as well.
Location Union Bay Community Hall, October 20, 2020. Have your say!