Victoria, BC – A referendum in the Magic Lake Estates community on Pender Island, serviced by the Magic Lake Water and Sewer system, resulted in 85% support for the borrowing of funds to complete a new water treatment plant and associated infrastructure. The water services committee will borrow $2.56 million in order to complete the financing.
“It is very pleasing to see this referendum pass with strong support from Pender Island residents,” said Southern Gulf Islands Electoral Area Director Ken Hancock. “Good infrastructure and safe drinking water are of paramount importance to our communities, and this funding will allow much needed improvements to be made to the Magic Lake Estates system.”
The Magic Lake Estates water system requires major upgrades to its treatment and distribution systems in order to reliably meet the needs of the community and the requirements of the Vancouver Island Health Authority (VIHA). With the new financing, which includes a federal/provincial Building Canada Fund grant of $5.25 million for infrastructure upgrades, a single new water treatment plant will be built to serve the entire distribution system. Interconnecting pipelines will connect the Buck Lake system to the new plant; improvements to storage capacity, reservoirs and the Schooner wastewater plant will also be made. The results for the referendum were 326 votes in support and 43 opposed to the borrowing plan.
“I am greatly appreciative of all Magic Lake residents and property owners who came out to vote during this important step in the renewal of key island infrastructure,” said Service Committee Chair Jim Petrie. “The results indicate strong support for moving forward with the recommended improvements. I would also like to thank the federal and provincial governments for their financial support and CRD staff and the Magic Lake Estates Water and Sewer Committee for all the hard work to date."
The total cost of the project will be $8.85 million, with $3.6 million provided by the Magic Lake Estates Water and Sewer Local Service. Borrowing costs will not result in an increase in water service taxes or fees from current levels, as the current operating budget can accommodate capital costs due to an increase in parcel taxes in 2008.
Work on the project will commence in early 2010. Upon completion, the system will benefit from low water loss, improved energy efficiency and better utilization of existing catchment and storage capacity.
For more information please contact:
Sheila Taylor, Manager, Community Relations
Capital Regional District