2020 has had its challenges, with one resigned trustee, one “retired” CAO, a postponed AGM, a postponed election of three trustees and a pandemic.
The landowners now owe at least 4.2 million dollars for a new (and much needed) Water Treatment Plant. The interest costs are additional hundreds of thousands of landowner dollars.
What about loans and municipal financing? The CVRD received almost 78% of the building cost for their WTP in grants and municipal financing! Union Bay Improvement District does NOT qualify for help.
That is why we are having the governance study done. Stay tuned, it should be released in the near future. Then we can make some informed decisions regarding UBID’s fiscal future and the risk management of infrastructure debt and future capital projects.
1. Complete the study to examine pros and cons of merging aka conversion to the CVRD. Why? It is the only way we will qualify for infrastructure grants and municipal financing. UBID is facing multiple infrastructure costs in addition to completing our water treatment plant. Most of our water pipes needs replacing. 690 households cannot afford to pay unless we receive grants. UBID is not entitled to receive grants or municipal financing. This is why I made the motion to send the letter to the CVRD in Oct. 2017, this motion passed. However the Board refused to follow through. As a result of this delay, landowners are having to pay for the treatment plant without any grants or subsidies.
2. Review our Election Policy to ensure that every vote counts. Did you know that our “Letters Patent” signed in 1960 allows for a spouse of a landowner to be elected as Trustee? It follows, therefore, that if a spouse of a landowner can be a Trustee then surely they can also vote in elections! UBID will be having an election of two trustee positions in April 2020 as well as a historic referendum on merging (conversion) to the CVRD. It is time to ensure that everyone has a say in these critical decisions which will have a serious impact on our wallets.