Sickle Point as seen from the air. (Kaleden Community Association - David Mai)

Sickle Point as seen from the air. (Kaleden Community Association - David Mai)

RDOS seeking alternate approval of loan to purchase Sickle Point

The RDOS needs approval to borrow up to $3.5 million

Residents of Kaleden, St. Andrews and Twin Lakes have a chance to make their voice heard on the potential purchase of Sickle Point.

The Regional District of Okanagan Similkameen has issued a notice to residents in the Kaleden Recreation Programming and Facility Maintenance Service area, that the RDOS is looking at using an alternative approval process to authorize the loan for the purchase.

The alternate approval process allows electors in the area to oppose the loan bylaw proposal directly. An elector is any resident in the area who is at least 18, and is a resident of the area.

If the bylaw passes, it would allow the RDOS to borrow up to $3.5 million for the purchase of the Sickle Point property.

The RDOS has included a breakdown of the potential cost impact as a result of the loan. Property taxes would increase for 25 years to service the debt.

If the RDOS borrows a full $3.5 million, residents’ Kaleden Parks and Recreation Service annual taxes will increase by $174.25 for properties valued at $500,000, byt $261.38 for properties valued at $750,000 and by $348.50 for properties valued at $1 million.

That would result, in 2022, in total annual costs of $359.75, $539.63 and $719.50 for each respective property value.

READ MORE: Efforts to save Sickle Point down to the wire

Opposing electors can submit a response form, available from the RDOS website at rdosregionalconnections.ca/aap or the RDOS office, to the RDOS via mail, fax or email before Feb. 8 at 4:30 p.m.

The area has an estimated 1,816 qualified electors according to the RDOS.

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Okanagan-Similkameen Regional District