by Wayne Moore - CASTANET Feb 13, 2014 / 7:00 pm
The sell job is over - now it's time for the voters of Kelowna to determine whether it will allow the city to borrow $42.3M for a new RCMP Detachment building. City Council is expected to give the go-ahead for an Alternative Approval Process (AAP) when it sits again Monday. The AAP would run until 4 p.m. Friday, March 28. Following first three reading of the Loan Authorization Bylaw Jan. 13, the bylaw was forwarded to the province for Statutory Approval. That approval was granted last week paving the way for the city to proceed with the AAP. Electorate approval is granted if the number of negative responses received through the process is less than 10 per cent of the number of eligible voters (9,484) by the deadline imposed. The new Police Services Building, which would replace the aging, 51-year-old detachment building on Doyle, is slated for construction on Clement Avenue.
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Taxpayers would begin feeling the impact of borrowing those funds beginning in 2015. The three year tax increase would be as follows:
2015 - 0.72% - Additional $12.27
2016 - 0.94% - Additional $16.36
2017 - 0.68% - Additional $12.27
Repayment would be over 30 years.
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