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

UBCO Heat teams unable to secure any wins against Mount Royal Cougars

The mens and womens volleyball and basketball teams went 0-4, but all have rematches Saturday night

Rockets held scoreless in loss against Red Deer

Rockets will look for some points in final game of road trip against Edmonton

New maintenance crew to look after Okanagan Connector

Acciona Infrastructure Maintenance Inc. will replace Argo Road Maintenance Inc. in 2019

New Lake Country arts council to request funds from district

The arts council will ask the district for $8,000 from 2019 to 2021

Your guide to winter light ups around the Okanagan

From Vernon to Summerland, with a stop in Kelowna, we’ve found some activities for you to enjoy

Trudeau offers to help Pacific islands face climate change impact

Prime Minister Justin Trudeau met with the leaders from the Pacific island nations on Saturday during the APEC Summit in Papua New Guinea

Price makes 36 saves as Habs edge Canucks 3-2

Late goal lifts Montreal past Vancouver

BC Minister of Agriculture loses stepson to accidental overdose

Lana Popham announces death of her 23-year-old stepson, Dan Sealey

Canadian military’s template for perfect recruits outdated: Vance

Gen. Jonathan Vance, the chief of defence staff says that the military has to change because the very nature of warfare is changing, particularly when it comes to cyber-warfare

‘Toxic’ chosen as the Word of the Year by Oxford Dictionaries

Other top contenders for 2018 include ‘gaslighting’ and ‘techlash’

RCMP bust illegal B.C. cannabis lab

Marijuana may be legal but altering it using chemicals violates the Cannabis Act

Canada defeats Germany 29-10 in repechage, moves step closer to Rugby World Cup

Hong Kong needs a bonus-point win over Canada — scoring four or more tries — while denying the Canadians a bonus point

Avalanche Canada in desperate need of funding

The organization provides avalanche forecasting for an area larger than the United Kingdom

5 B.C. cities break temperature records

Parts of B.C. remain warm, at 10 C, while others feeling chilly

Most Read