Jan 10, 2020
Alternative Approval Process - Water Projects
The Town of Ladysmith continues to place a high priority on investing in infrastructure to maintain a reliable water supply system for the future of our growing community, while also meeting the demands of climate change.
With this in mind, we are applying for a federal grant to help fund the completion of three major water projects: increasing storage capacity of the Holland Lake Dam, building a connection between Stocking Lake and Holland Lake and twinning the Stocking Lake Main.
The federal grant could fund up to 73.33% of the total $23.22 - million required for the three water projects, not including contingency costs. The Town’s share of the total would be up to $6.2 - million. As the Town does not have this money in the reserves, we will need to borrow it.
In accordance with the Community Charter, the Town requires the approval of its voters for any borrowing that will be repaid over more than five years. Council has chosen to seek this electoral approval through an Alternative Approval Process (AAP).
Ladysmith residents who support the Town borrowing the funds for these projects aren’t required to take any action.
Any residents opposed to the borrowing must indicate their position by returning an Alternative Response Form to City Hall by 4:00 p.m. on Tuesday, February 18, 2020.
Forms and additional information about this AAP can be found on our website: https://www.ladysmith.ca/city-hall/elections-alternative-approval-referendum
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