PUBLIC NOTICE

Road Referendum

Electors within the Town of Oliver will have the opportunity to vote yes or no on whether Council of the Town of Oliver approves adoption of a Road Capital Loan Authorization Bylaw. The question will be put forth at the general election in November;

Do you approve Council of the Town of Oliver adopting Road Capital Loan Authorization Bylaw 1302, which will authorize Council to borrow a sum not to exceed $2,500,000 for the reconstruction of roads and construction of new sidewalks and walkways including planning, studying, designing and construction within the boundaries of the Town of Oliver for the following projects: re-construction of 350th Avenue (Hwy 97 to 103rd Street), sidewalk construction on 350th Avenue (107th Street to 119th Street) and construction of a walkway on east side of the Okanagan River (350th Avenue to approximately 1.3km north)?

The purpose of Bylaw 1302 is to authorize the borrowing of a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) over a maximum of 15 years for the following projects:

. re-construction of 350th Avenue from Highway 97 to 103rd street as well as sidewalk construction on 350th Avenue from 107th street to 119th street
. construction of a walkway on east side of Okanagan River from 350th Avenue to approximately 1.3km north of 350th avenue, or construction of alternate walkway or sidewalk facilities elsewhere within the boundaries of the Town of Oliver

ANNUAL TAX BURDEN PROJECTIONS

If your residential assessment is – Annual Tax Increase

$250,000 – $ 77.51

(Average) $289,096 – $ 89.64

$350,000 – $108.52

$500,000 – $155.04