Greenwood Trunk AAP
An Alternative Approval Process (AAP) in Courtenay to measure public support for funding the Greenwood Trunk Sanitary Sewer is now complete.
The Greenwood Trunk project is required to increase capacity in the sewer system for current and future development in East Courtenay.
In order to proceed with construction in 2020, the City of Courtenay will need to borrow $3 million.
On March 2, 2020, Courtenay City Council gave final approval for the loan authorization bylaw.
What is the Greenwood Trunk Project?
The Greenwood Trunk will redirect sewage to the new Comox Valley Regional District (CVRD) sanitary sewer trunk on Anderton Road, and allow the City to decommission three smaller temporary lift stations. The two new lift stations along the Greenwood Trunk will be designed with improved technology, including the ability to monitor the system remotely, which will decrease response times and make managing the system more efficient.
The new line will move wastewater from East Courtenay to the sewage treatment plant on Brent Road via the CFB Comox pump station, bypassing the Courtenay pump station. Diverting wastewater away from the Courtenay pump station will alleviate capacity concerns and help to accommodate future growth in the community.
Debt servicing costs for this project are estimated at $173,900 per year and have been calculated using the latest Municipal Finance Authority interest rates with amortization over 25 years. These costs are fully recovered by the existing annual sewer frontage tax levy within the sewer fund and will not impact the general taxation debt levy.
Voter consent to borrow:
One (1) elector response form was received by the deadline of Tuesday, February 18, 2020.