2022 Referendum
October 15, 2022 - The majority of voters also indicated opposition for borrowing up to $8,000,000 to purchase waterfront property for community use.
October 15, 2022 - The residents of Lake Country had their say in the 2022 General Election and Waterfront Property Referendum. There were a total of 2,020 ballots cast in the community during Advance Voting Days, General Election Day, and ballots received by mail.
The majority of voters also indicated opposition for borrowing up to $8,000,000 to purchase waterfront property for community use. There were 929 in favour and 1,063 opposed when asked on the ballot: “Are you in favour of the District of Lake Country authorizing Loan Authorization (Waterfront Property) Bylaw 1187, 2022 to authorize the borrowing of up to $8,000,000 to purchase waterfront property for community use?”
On Saturday, October 15, 2022, qualified electors within the District of Lake Country will be voting on the following question:
"Are you in favour of the District of Lake Country authorizing Loan Authorization (Waterfront Property) Bylaw 1187, 2022 to authorize the borrowing of up to $8,000,000 to purchase waterfront property for community use?”
At its regular meeting Tuesday July 5th, Council gave three readings to a Loan Authorization Bylaw for Waterfront Property Acquisition. You might be asking – why does the District require financing for waterfront property?
In Lake Country we are surrounded by lakes and the demand for community waterfront property to enjoy recreation, greenspace and water access is continually growing. In 2006 Council adopted a policy to review waterfront properties that come up for sale, to determine if they are a good fit for the District to consider purchasing.
Having adequate financing available for when the right property hits the market is essential in today’s real-estate market. If the right fit comes along, the District must have the ability to acquire adequate financing to make a reasonable offer. Despite having the ability to acquire funds, Council must go through the process of considering a bylaw, getting approval of the electors, and then borrowing at one of the two borrowing opportunities available to municipalities each year, spring or fall. It’s not a quick process. Council wants to be in the position to have the ability to borrow funds for when the right waterfront property comes available.
Council knows there are many other important priorities for the community, including roads, road repairs, water, and sewer amongst others, and the decision to acquire waterfront property does not minimize these impending needs.
Please take the opportunity, before October 15th to ask questions and educate yourself before making your decision on the referendum ballot.
Feel free to reach out to the Mayor, your ward Councillor or anyone on Council for their perspective on the proposed bylaw.
October 15, 2022 - The majority of voters also indicated opposition for borrowing up to $8,000,000 to purchase waterfront property for community use.
If you have a question regarding the upcoming referendum please ask here and either staff of Council will reply to you as soon as possible.