Westside Municipality Sewer Improvement Levies could come as a shock to taxpayers
Westside sewers will cost more by Wayne Moore
Oct 27, 2008 / 5:00 am
Westside property owners, patiently waiting for new sewer hook-ups, could end up paying close to $20,000 per household for the service, something that doesn't sit well with Mayor Rosalind Neis.
The municipality applied for a grant worth about $15 million through the Building Canada Fund for 11 sewer projects scheduled for completion between 2009 and 2014.
The total bill for the 11 projects is about $27 million.
The municipality was informed late last week the funds would likely be allocated over a large number of applicants, meaning Westside would not be eligible for the entire amount requested.
Westside Chief Financial Officer, Jim Zaffino, says the municipality may receive just $6 million.
Because of the anticipated decrease in funding, Zaffino outlined three options for council to look at in an effort to proceed, including:
- Option 1 - Postpone last five phases to a future grant application. Cost per parcel, $8,110.41
- Option 2 - Postpone last three phases to a future grant application. Cost per parcel, $10,193.23
- Option 3 - Include all phases in the current grant application. Cost per parcel, $12,554.77.
Full Story on Castanet.net Story: 42628
Looks as though the idea of a new municipality for Westside residents is going to hit them a little harder in the pocket book than anticipated. Granted there will always be cost overruns whenever a newly created municiplaity has to make a budget from scratch. I am sure that many of those that reside on the Westside are hoping for a balanced spreadsheet for the end of the first fiscal year.
Sincerely,
Jason Neumann
Kelowna Real Estate Blog
Posted by Jason Neumann
on October 29, 2008