Referendum proposes borrowing maximum of $4.5 million

A borrowing referendum for a new fire hall that will go to before Creston voters on October 20.

A borrowing referendum for a new fire hall that will go to before Creston voters on October 20 shows a lower hit to Creston taxpayers than the defeated 2017 referendum.

Based on a size recommendation of 14,000 square feet by the Advisory Select Committee and an estimated $350 per square foot maximum cost (including site development and contingency funds) the total project estimate is $5.5 million.

Different in this referendum is that the Town of Creston will use $1 million in reserve funds, and now has a service contract with the RDCK (primarily Erickson) that will contribute 28.1 per cent of the project or $1.55 million.

The total Town of Creston share of the $4.5 million maximum borrowing is $2.95 million, finance director Steffan Klassen told Town Council at the July 17 regular meeting.

Council approved the referendum plan, though Couns. Kevin Boehmer voted against it, objecting to the maximum 30-year borrowing term.

“I just think 30 years is too long,” he said. “I prefer a 20-year term.”

In fact, voters will be providing the Council elected on October 20 an option to choose a term of not more than 30 years, and it option for Boehmer’s 20-year preference.

A mailout sent to Creston residents last week shows that the maximum borrowing would cost $22.60 per $100,00 of assessed value. A house and property valued at $300,000 would result in a property tax increase of under $70 annually. The figure is based on a 30-year borrowing term at 3.9 per cent. A 20-year borrowing term would increase the figure to about $86 annually.

“It is important to remember that grants can reduce that cost and result in a lower cost to taxpayers,” Mayor Ron Toyota said on Monday.

A borrowing referendum must state the maximum borrowing amount required to complete a public project.

In other Town Council news:

• A zoning amendment bylaw to temporarily prohibit the sale of cannabis received a 3rd reading and was adopted. New bylaws will be ready for the October 17th national legalization of cannabis date.

• A request for a grant by Nelson History Theatre was received for information.

• Council passed a communications plan for the upcoming fire hall financing referendum, with Couns. Boehmer stating his opposition because he felt the four-page mailer looked too busy and repetitious.

Just Posted

Police get flurry of social media complaints

Creston RCMP responded to 116 calls for assistance in the two-week period from March 12-26.

Ashram temple wins design award

In front of an audience of more than 400 architects and engineers… Continue reading

Public art committee thrives

No news is good news for the Creston Valley Public Art Connection.… Continue reading

Lister celebrates centennial in June with weekend event

Past and present Lister residents are invited to take part in the celebration.

LETTER: We are committed to the valley’s fruit growers

Honey Bee Zen Apiaries Ltd., can assure orchardists that we will be able to pollinate large portion orchards.

VIDEO: 13-year-old killed in B.C. crash that involved five kids

The children range in age from six to 17.

MPs denounce leaked reports of Trudeau-JWR clash over Supreme Court pick

Opposition MPs called the leaks an act of desperation meant to smear Wilson-Raybould

Study says B.C.’s housing policies mean drug users can be targeted for eviction

The study involves 50 people living in Vancouver’s Downtown Eastside

VIDEO: Homicide team called in after three killed in Surrey car crash

Investigators ask public to come forward with information, dashcam video

Stranger climbs onto B.C. family’s second-floor balcony, lights fire in barbecue

Incident in Abbotsford terrifies family with two-year-old boy

UPDATED: Sailings resume after BC Ferries boat hits Langdale terminal

The Queen of Surrey is stuck on the dock, causing delays to Horseshoe Bay trips

Coroner’s inquest announced for Victoria teen’s overdose death

Elliot Eurchuk was 16 years old when he died of an opioid overdose at his Oak Bay home

Eviction halted for B.C. woman deemed ‘too young’ for seniors’ home

Zoe Nagler, 46, had been given notice after living in the seniors complex in Comox for six years

Vancouver Island home to B.C.’s luckiest lotto store

Five million-dollar winners have bought tickets from same Port Alberni corner store

Most Read