City seeks public approval to borrow $845,000 for airport runway project

Salmon Arm residents have until June 24 to voice opposition to borrowing bylaw

Salmon Arm residents have an opportunity to determine whether or not the city proceeds with borrowing $845,000 for the construction of a runway at Shuswap Regional Airport.

The City of Salmon Arm is proposing a bylaw authorizing the borrowing to fund phase 1 of Taxiway Charlie and related taxi-lane project at the airport.

A public notice from the city states construction of Taxiway Charlie, broken into phases, “will increase airport capacity by allowing the majority of landing aircraft in both directions to exit the runway, thereby reducing the total time an aircraft occupies the runway.”

The total cost of the project is estimated at $1,365,000. Last year, the city received $520,000 for the project from the British Columbia Air Access Program, leaving the city to borrow for the remainder.

Read more: City considers borrowing half-a-million dollars for airport upgrade

Read more: New taxiway plan for Salmon Arm Airport taking off

Read more: Travelling into the city’s future

Repayment of the borrowed amount is projected at $65,250 annually over 20 years at an estimated interest rate of four per cent.

Through an alternative approval process, residents have until 4 p.m. on June 24 to not approve the proposed bylaw authorizing the borrowing. If less than 10 per cent (1,503) of electors request that council not approve the borrowing bylaw, council may approve it.

More information about the project and the public consent process can be found on the city’s website at www.salmonarm.ca.


@SalmonArm
jim.elliot@saobserver.net

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

RCMP seek suspect in armed robbery at Salmon Arm gas station

Police believe suspect entered store prior to covering face with mask

Sandbagging continues for flood-prone areas around Shuswap, Mara lakes

Shuswap Emergency Program closely monitoring water levels

B.C. Hockey League prepping for 2020-21

League reviewing different scenarios and start times in compliance with provincial regulations

Shuswap caregiver a hero in husband’s eyes

Night and day shifts leave little time for Tracy and Rick Duncan

City of Enderby issues flood caution reminder

Rain in Sunday weather forecast could increase water levels and flow

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

Dyer: I left my heart in the desert

Kristy Dyer is a columnist for Black Press Media who writes about the environment

Horoscopes for the week of June 1

Weekly horoscopes by Morgan Fava

George Floyd asphyxiated by sustained pressure: family autopsy

Death sparked a wave of protests across the U.S. and abroad

Kootnekoff: Re-opening to a new normal

Susan Kootnekoff is the founder of Inspire Law, an Okanagan based-law practice

Golden Wine Ninjas brings positivity – and wine – to community

The group was started by Jolene Wood on May 13 and has already amassed over 500 members

Most Read