標題: local governments are continuing to work through the details. 08 [打印本頁] 作者: sozzybcbs 時間: 2016-3-31 12:59 標題: local governments are continuing to work through the details. 08
Okanagan Rail Corridor
On December 1st the City of Kelowna, on behalf of the Inter jurisdictional Acquisition team signed a negotiated sales and purchase agreement with CN for the discontinued rail line between Kelowna and Generic Viagra Online Australia Mile 88 in Coldstream.
The negotiated cost to secure the corridor is a combination of $22 million in monetary consideration and land donation for which the City of Kelowna will issue a charitable donation receipt.
Local governments respect and support the Okanagan Indian Band in its claim of reversionary rights on the land that falls within IR No. 7 and as such those parcels have been excluded from the pending agreement.
The due diligence period following signing of the agreement allows a 120 days to investigate terms of the agreement, including funding options. With the majority of that time still available, local governments are continuing to work through the details.
While a number of ownership models were explored the preferred model is for each jurisdiction to own the land that falls within its boundaries. The funding allocation between jurisdictions represents the property value of the lands being acquired by each partner.
The agreement stipulates that CN will attempt to remove the rail infrastructure from the corridor for salvage by the end of 2015.
While the original asking price of the corridor was $50 million, the negotiated cost of the corridor is a combination of $22 million in monetary consideration and land donation for which the City of Kelowna will issue CN with a charitable donation receipt.
The City Brand Viagra of Kelowna is estimating its share at $7.6 million which would be funded from reserves and interim financing with no additional tax increase to residents. Because the value of the land is more than the monetary consideration, the City of Kelowna will also issue a charitable donation receipt to CN for the difference.
The Regional District of the North Okanagan will fund its estimated share of $1.9 million from reserves with no increase to taxes.
The District of Lake Country's estimated share is $5.1 million. To minimize the current tax impact to residents the District will be seeking approval to borrow up to approximately 50 per cent of this amount.
Given the regional benefits of public ownership, the City of Kelowna has additionally agreed to a Memorandum of Understanding with the District of Lake Country that would see Kelowna acquire a 50 per cent Generic Levitra 40 Mg interest in the land within Lake Country boundaries on a temporary basis. This abates the immediate cost to Lake Country until such time as the District purchases the share back from the City.
The Inter Kamagra Gel Iskustva jurisdictional Team is acting as a common voice for local governments to work collaboratively in achieving common goals for the mutual benefit of the valley's residents. pedestrians, cyclists, transit) and a trail component
Address property maintenance, beautification and road crossing arrangements
The is committed to working with the Okanagan Indian Band and other stakeholders throughout the disposition process.
The CN Rail line was constructed to bring the produce and lumber of the Okanagan Valley to markets across the country. Operated by Kelowna Pacific Railway the line Discount Cialis served the Viagra Online Reviews communities of Campbell Creek, Kamloops, Vernon, Coldstream, Lake Country, Okanagan Indian Band and Kelowna. Challenged with high costs and low revenues, Kelowna Pacific Railway entered receivership and ceased rail service in July 2013.
In September 2013 CN Rail began the formal process of discontinuing the rail line running from Lumby Junction in Coldstream to Kelowna.
The rail corridor was referred for disposition first by unsuccessfully seeking Female Viagra Uk Next Day Delivery a viable rail operator to continue service and then by offering the land for sale to the Federal, Provincial and Municipal levels of government in sequential order with 30 days Viagra Pills Brisbane each to negotiate or accept CN Rail's offer for purchase.
On December 1st the City of Kelowna, on behalf of the Inter jurisdictional Acquisition team signed a negotiated sales and purchase agreement with CN for the discontinued rail line between Kelowna and Mile 88 in Coldstream. This agreement supersedes the previous application for non binding Net Salvage Value determination, so the Canadian Transportation Agency process no longer applies.
