Bowen Island Municipal Council intends to adopt “Bowen Island Municipality Loan Authorization (Cove Bay Water Treatment Plant) Bylaw No.488, 2019”. The purpose of Bylaw 488 is to authorize the municipality to borrow up to $2,533,000, to be repaid over a period not exceeding 30 years, in order to finance the municipal portion of the Cove Bay Water Treatment Plant project.
Council may adopt Bylaw 488 unless, by 4:30 PM on Monday, October 21, 2019, at least 10% of the electors in the Cove Bay Water System Local Service Area sign an Elector Response Form opposing the proposed bylaw. This is called an Alternative Approval Process (AAP).
In order to sign an Elector Response Form, an elector must reside or own property within the area defined for the AAP.