Regional District of North Okanagan directors have approved a temporary borrowing bylaw for $2.3 million for its share to purchase the abandoned CP Rail line from Spallumcheen to Sicamous. (forums.clubtread.com/PMJ Wright photo)

Rail trail purchase proceeds

RDNO to borrow $2.3 million to pay for CP Rail corridor purchase from Spallumcheen to Sicamous

A second rail trail initiative for the North Okanagan has moved a step closer.

Regional District of North Okanagan directors voted unanimously Wednesday to approve and adopt a temporary borrowing bylaw for its share to purchase the abandoned CP Rail corridor between Spallumcheen and Sicamous.

The RDNO portion of the $6.5 million purchase fee, shared between province and Columbia Shuswap Regional District, is $2.3 million.

“The closing date for the purchase is December 15, and it’s on this date we are required to pay our share of the money,” said RDNO board chairperson Bob Fleming.

The Splatsin Band also owns parts of the line, and has been working collaboratively with the regional districts.

The temporary borrowing bylaw allows the regional district to borrow funds from the Municipal Finance Authority in advance of receiving proceeds from the long-term debt issue which is anticipated in the spring.

Temporary borrowing must be repaid once the proceeds from the long-term debt have been received.

Fleming, meanwhile, announced that he’ll meet with the mayors of Vernon, Coldstream, Lake Country and Kelowna on Nov. 24 to discuss issues around the Okanagan Rail Trail from Coldstream to Kelowna.

“These include all areas of common interest including governance, common standards for maintenance, commercial development around the trail and any other issues the partners feel may be important,” said Fleming. “It’s my hope we at least create a format to allow for open communications amongst the partners.”

The meeting is slated to be held at a Vernon hotel.



roger@vernonmorningstar.com

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

$500 fine for Vernon man caught near Coldstream playground

Richard Slobodian, 58, served one night in jail and ordered to pay for breaching probation

House arrest for Vernon physiotherapist guilty of sexual assault

Stephen Witvoet to serve 18-month conditional sentencing following July 8 hearing

Kelowna woman fights off nighttime intruder

Kelowna RCMP are investigating a break-and-enter on Richter Street

Morning Start: Naps could save your life

Your morning start for Wednesday, July 9, 2020

Building to begin on Okanagan Rail Trail washroom

Project starts Monday, July 13, in Coldstream between Westkal Road and Kickwillie Loop

B.C. identifies 20 new COVID-19 cases, travellers specified in count

Pandemic total 3,028 cases, 51 people from outside Canada

B.C. residents can go to the Royal BC Museum for half price this summer

Museum reopening in phases, COVID-19 measures in place

LETTER: Former Summerland mayors speak out on solar project

Five former Summerland mayors sign name to short letter

Emergency crews conduct CPR on unresponsive person in Okanagan Lake

West Kelowna emergency crews are on scene at the shores of Jubilee Mobile Home Park

Filing deadline in RCMP sexual-harassment class-action extended due to COVID-19

Plaintiffs now have until January 2021 to submit claims for up to $222,000

Jamie Bacon pleads guilty to charge in Surrey Six case

The plea brings an end to a complex legal case that has spanned more than a decade

Summerland Museum reopens

Museum to open on July 15 with reduced operating hours

Hefty undeclared driver charges piling up, ICBC warns customers

Average extra penalty $2,971 after an at-fault accident

Kootnekoff: B.C. Supreme Court rules clause in Uber’s contract is invalid

Susan Kootnekoff is the founder of Inspire Law, her diverse legal career spans over 20 years.

Most Read