Lake Country opts for alternate approval process to fund rail trail

If 900 residents are against the rail trail, Lake Country could vote down the proposed purchase of the trail from CN

If 10 per cent of Lake Country residents sign petition against raising taxes

Lake Country residents will be asked if they want to fund the purchase of a rail corridor.

District council decided Tuesday to hold an alternate approval process to borrow $2.6 million to go towards acquiring the Canadian National track from Coldstream to Kelowna.

“I’m hearing it’s the right thing to do but others are saying, ‘Why would we take on debt to buy a trail?’” said Mayor James Baker.

Under the alternate approval process, borrowing could not proceed if 900 people (10 per cent of eligible voters) signed a petition in opposition.

The district hopes to have the process completed by the end of February, and if borrowing proceeds, it works out to an additional $25 in taxes annually for 20 years for a home assessed at $475,000.

Beyond the $2.6 million, the district is also responsible for a further $2.5 million as the municipality’s total share of the $22 million price tag for the rail line is $5.1 million.

Lake Country has entered into an agreement in which the City of Kelowna would acquire a 50 per cent interest in the land within Lake Country on a temporary basis. Lake Country would ultimately pay Kelowna back.

As part of the purchase, the Greater Vernon Advisory Committee will contribute $1.9 million and $7.6 million will come from Kelowna.

Funding is based on the property value of the corridor within each jurisdiction.

Just Posted

Kelowna takes to high altitude skating

Kelowna’s Landmark 6 building is the scene of synthetic skating this weekend

Petition filed to supreme court on Peachtree Village

A petition was filed Wednesday by the Friends of Beach Avenue Association

Giving Tuesday will be celebrated in Vernon on Nov.28

Giving Tuesday Okanagan mobilizes to celebrate the global day of giving November 28

Lake Country plan recommends to save for emergencies

The financial plan will be presented to council Tuesday

Kelowna pot dispensary launches petition

One of the medical marijuana dispensaries being sued by the City of Kelowna is fighting back

What’s happening

Find out what is going on this weekend in the Okanagan and Shuswap

Second lawsuit this week filed against jail

Inmate claims he was stabbed by another inmate while in protective custody

Kelowna company offering calibration service cameras

Speedy Glass has been selected as one of 50 service centres

Big White has wet opening day

The resort only opened four out of 19 lifts

False killer whale ‘Chester’ dies at Vancouver Aquarium

He was found stranded near Tofino in July 2014 and only had a 10 per cent chance of making it at the time

Elves in search of their clothes

Eight costumes missing from Summerland Legion

Christmas dinner in West Kelowna

It is being held at Westbank Lions Community Centre, 2466 Main Street, West Kelowna, at 5:30 p.m.

Cougar confronts man in Clearwater

Clearwater resident Barry Joneson had a close encounter of the cougar kind

Most Read