Funding and Public Assent (AAP)
Comox Valley Water Treatment Project
The CVRD is using the Alternative Approval Process (AAP) to seek consent from residents to borrow up to $29 million needed to build the new water treatment system.
In an AAP, those who do not support the borrowing may complete an electoral response form. The number of eligible electors has been determined to be 47,845. If fewer than 10% (4,785) of electors submit forms by the deadline, the CVRD may proceed with borrowing the necessary funds.
|Electoral response forms are available here. The deadline for delivering signed electoral response forms to the CVRD is 4:30pm on Friday, March 16, 2018. Completed forms can be emailed or delivered to the CVRD office located at 600 Comox Road, Courtenay, BC V9N 3P6. They can also be faxed to: 250-334-4358. Forms must be received before the deadline to be counted.|
Here’s what you need to know:
The CVRD requires the consent of Comox Valley residents to borrow funds needed to build our new water treatment system.
As long-term borrowing is necessary, a loan authorization bylaw is required which must be approved by electors. Those who do not support borrowing the $29 million in funds that are required to complete the project, may submit an elector response form.
All residents of the Comox Valley (except residents of Cumberland) are eligible to participate in the AAP. Only those connected to the Comox Valley Water System will pay for the new system. The notice to electors may be viewed here.
The project is estimated to cost $110 million. It will be funded through a combination of at least $55 million from grant funding, $26 million from reserve funds, and up to $29 million through long-term borrowing.
Elector response forms are available now. The deadline for delivering the signed elector response forms to the CVRD is 4:30 pm on Friday, March 16, 2018.
The elector response forms may be delivered in person, by fax, or by email and must include the elector’s signature. For this reason, forms submitted by email must be printed and signed before being submitted electronically.
Not sure if you are connected to the Comox Valley Water System?
Only those residents connected to the water system will have their water rates affected at an estimated $86 per household/year. See the map below to determine if your community is included in the Comox Valley Water System.
Questions about the Alternative Approval Process (APP) can be directed to Legislative Services at 250-334-6000 or at: email@example.com
For more information about the Comox Valley Water Treatment Project please see the following documents: