Regional District of North Okanagan directors have approved a temporary borrowing bylaw for $2.3 million for its share to purchase the abandoned CP Rail line from Spallumcheen to Sicamous. (forums.clubtread.com/PMJ Wright photo)

Rail trail purchase proceeds

RDNO to borrow $2.3 million to pay for CP Rail corridor purchase from Spallumcheen to Sicamous

A second rail trail initiative for the North Okanagan has moved a step closer.

Regional District of North Okanagan directors voted unanimously Wednesday to approve and adopt a temporary borrowing bylaw for its share to purchase the abandoned CP Rail corridor between Spallumcheen and Sicamous.

The RDNO portion of the $6.5 million purchase fee, shared between province and Columbia Shuswap Regional District, is $2.3 million.

“The closing date for the purchase is December 15, and it’s on this date we are required to pay our share of the money,” said RDNO board chairperson Bob Fleming.

The Splatsin Band also owns parts of the line, and has been working collaboratively with the regional districts.

The temporary borrowing bylaw allows the regional district to borrow funds from the Municipal Finance Authority in advance of receiving proceeds from the long-term debt issue which is anticipated in the spring.

Temporary borrowing must be repaid once the proceeds from the long-term debt have been received.

Fleming, meanwhile, announced that he’ll meet with the mayors of Vernon, Coldstream, Lake Country and Kelowna on Nov. 24 to discuss issues around the Okanagan Rail Trail from Coldstream to Kelowna.

“These include all areas of common interest including governance, common standards for maintenance, commercial development around the trail and any other issues the partners feel may be important,” said Fleming. “It’s my hope we at least create a format to allow for open communications amongst the partners.”

The meeting is slated to be held at a Vernon hotel.



roger@vernonmorningstar.com

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Highway 23 North to see construction delays starting this week

BC Hydro is working on a slope stabilization project near Revelstoke Dam

Tim Hortons serves up a thank you to front-line workers

On May 21 the Tim Hortons coffee truck came through Revelstoke

City of Revelstoke expects to stay on budget with $1.5 million roadworks project

Pavement, deep utility maintenance and sidewalks are in the plan for the Lowertown area

Revelstoke schools reopen

The Superintendent said 80 per cent of elementary and 40 per cent of high school students returned

VIDEO: A Vancouver Island black bear takes weekend nap in eagle tree

Videos captured by Terry Eissfeldt shows the bear arriving Saturday night and sleeping in on Sunday

High water levels on Shuswap Lake may close popular Canoe Beach

Rain forecast could flood entrance tunnel, city staff to evaluate

189 homes in Grand Forks area given evacuation orders

Homes are in the Nursery, Grand Forks Airport, Gilpin Rd., Johnson Flats and Granby Rd. areas

Summerland man rescued following ATV accident

Helicopters used to transport injured man to Kelowna for treatment

Mother bear and two cubs spotted in West Kelowna

Residents of Shannon Lake are urged to be on the look out for three bears in the area

Social justice advocate yells at Kelowna council, demands presence at Black Lives Matter rally

Heather Friesen has again taken to council chambers to make her opinion heard

Youth filmmakers tackle technology addiction, relationships, cyber-bullying

The Kelowna couple won a grant from Telus STORYHIVE

Vernon videographer captures thunderstorm

See the ‘best bits’ of Saturday’s storm

Most Read