Something Stinks in Sechelt (and it’s not just our Sewage Treatment Plants!) AN OPPORTUNITY NOT TO BE MISSED! January 31, 2011 Unfortunately, Councillor Warren Allan refused to allow this presentation to be made during the Public Meeting on Jan 31 st . What are he and Council afraid of?
(additional sewer reserves monies plus proceeds from selling Lot L.)
Additional monies available* = $7.6M
TOTAL = $16.8M
What this means:
In theory, we could spend up to $16.8M
With NO increase in taxes!
Using only reserves already restricted for use for sewage treatment
Without using any of the District’s other surpluses and reserves
AND – we continue to have the opportunity to negotiate preferential funding options with suppliers, seek additional grants from senior governments, etc.
* These are monies that we have identified to be available from various third parties. We consider it best to not itemize these, at this stage, to protect Sechelt’s commercial bargaining position. (We are happy to provide details to Council upon their request.)