Information Regarding Loan Authorization Bylaws, including Elector Response forms

Council is considering the five Loan Authorization Bylaws listed below. If you are in favour of these bylaws, you do not need to submit any forms. If you object to one or more of these bylaws, please complete and submit an Elector Response Form for each bylaw you are not in favour of.  Council will consider each bylaw separately.


Notice is hereby given, pursuant to Sections 86 and 179 of the Community Charter, that the Council of the District of Squamish wishes to borrow funds by way of debenture for the projects described to the right. The projects were approved in the 2020-2024 Financial Plan. These Loan Authorization Bylaws give the District approval to now finance the projects through borrowing.

Repayment of borrowing and related interest expenses will be funded by revenue generated from property taxation or utilities fees and is reflected in the 2020-2024 Financial Plan, for each of the five loan authorization bylaws.


HAVE YOUR SAY

Pursuant to S.86 of the Community Charter, the District of Squamish Council may adopt any one of the Loan Authorization Bylaws if, after the deadline, less than 10% of the electors in the District of Squamish have signed and submitted Elector Response Forms. If, after the deadline of 5 p.m. on Wednesday, March 10, at least 1,469 electors (10% of 14,695) have signed and submitted Elector Response Forms, the District of Squamish Council may not adopt the Bylaw unless it receives assent of the electors by voting. 

This alternative approval process applies to all residents of the District of Squamish who qualify to vote, and responses must be given in the form established by Council. Authorized Elector Response Forms for this alternative approval process are available to the public at Municipal Hall (37955 Second Avenue) and linked in the bylaw information below.

Qualified electors who are in favour of these Bylaws do not have to submit any forms. Qualified electors signing a response form in opposition to these Bylaws must meet all the following requirements on the day of registration:

  1. Age 18 or older
  2. Canadian citizen
  3. A resident of British Columbia for at least six months
  4. A resident of the District of Squamish for at least 30 days.

A non-resident of the District of Squamish who owns property within the District may be eligible to sign an Elector Response Form, but should check with Municipal Hall as to whether all the requirements of S.51 of the Local Government Act are met. 

Note: a separate Elector Response Form is required for each of the loan authorization bylaws as they will each be considered separately.

Show All

2021 Loan Authorization Bylaws

  • Bylaw 2692 - Landfill Gas Capture and Flare Capital Works

     PROJECT COST:  $1,343,434

    District of Squamish proposes to borrow up to a maximum amount of $1,343,434 in order to carry out the project to improve the landfill gas capture and flare under authority of “District of Squamish Landfill Gas Capture and Flare Capital Works Loan Authorization Bylaw No. 2692, 2020”.

    This bylaw is to authorize funding the installation of a Landfill Gas Capture and Flare stack to burn off methane. View the bylaw.

    Repayment of borrowing and related interest expense will be funded by revenue generated from landfill tipping fees and collection fees repayable not later than twenty (20) years from the date of issue.

    Based on 2020 landfill tipping fees and collection fees, the annual debt service cost represents approximately $4.36 per household per year and an estimated 1.8% landfill tipping fee increase.

    Bylaw received first three readings: October 20, 2020

    Required Financing

    Estimated Financing Costs 

    Bylaw  2692 Authorization Request

    Utility Fee Payer and
    Landfill Tipping Fee impact

    $1,330,000

    $13,434

    $1,343,434

    $4.36/household per year

    1.8% Landfill tipping fee increase

    If you are in favour of this bylaw, you do not need to submit any forms. If you are not in favour of this bylaw, please complete this Elector Response Form and submit it to the District no later than 5 p.m. on Wednesday, March 10, 2021.

    Please note:

    • a separate Elector Response Form is required for each of the four loan authorization bylaws as they will each be considered separately.
    • The original signed form must be submitted. We are not able to accept scanned and emailed response forms.
  • Bylaw 2774 - Technology Transformation Project

    PROJECT COST:   $1,110,202

    The District of Squamish proposes to borrow a sum not exceeding $1,110,202 under authority of “District of Squamish Technology Transformation Project Capital Works Loan Authorization Bylaw No. 2774, 2020” by way of debenture. Repayment of borrowing and related interest expense will be funded by revenue generated from property taxation and is reflected in the 2020-2024 Financial Plan. 

    This bylaw is to authorize funding to improve and replace office systems. View the bylaw.

    Based on 2020 taxation rates, the annual debt service cost represents approximately $0.58 per $100,000 of assessed property value for residential properties.

    Bylaw received first three readings: October 20, 2020

    Required Financing

    Estimated Financing Costs 

    Bylaw  2774 Authorization Request

    Taxpayer impact
    Cost per $100,000 of
    assessed residential
    property value

    $1,099,100

    $11,102

    $1,110,202

    $0.58

    If you are in favour of this bylaw, you do not need to submit any forms. If you are not in favour of this bylaw, please complete this Elector Response Form and submit it to the District no later than 5 p.m. on Wednesday, March 10, 2021.

    Please note:

    • a separate Elector Response Form is required for each of the four loan authorization bylaws as they will each be considered separately.
    • The original signed form must be submitted. We are not able to accept scanned and emailed response forms.
  • Bylaw 2775 - Peninsula Main Road Project

    PROJECT COST:   $1,227,232

    The District of Squamish proposes to borrow a sum not exceeding $1,227,232 under authority of “District of Squamish Peninsula Main Road Phase 2 Capital Works Loan Authorization Bylaw No. 2775, 2020”. Repayment of borrowing and related interest expense will be funded by revenue generated from property taxation and is reflected in the 2020-2024 Financial Plan repayable no later than 20 years from the date of issue of such debenture.

    This bylaw is to authorize funding in order construct improvements for the Peninsula Main Road.  View the bylaw.

    Based on 2020 taxation rates, the annual debt service cost represents approximately $0.64 per $100,000 of assessed property value for residential properties.

    Bylaw received first three readings: October 20, 2020

    Required Financing

    Estimated Financing Costs 

    Bylaw  2775 Authorization Request

    Taxpayer Impact
    Cost per $100,000 of assessed residential property value

    $1,214,960

    $12,272.32

    $1,227,232

    $0.64

    If you are in favour of this bylaw, you do not need to submit any forms. If you are not in favour of this bylaw, please complete this Elector Response Form and submit it to the District no later than 5 p.m. on Wednesday, March 10, 2021.

    Please note:

    • a separate Elector Response Form is required for each of the four loan authorization bylaws as they will each be considered separately.
    • The original signed form must be submitted. We are not able to accept scanned and emailed response forms.
  • Bylaw 2776 - Water Meter Installation

    PROJECT COST:   $2,449,495

    The District of Squamish proposes to borrow a sum not exceeding $2,449,495 under authority of “District of Squamish Water Meter Capital Works Loan Authorization Bylaw No. 2776, 2020”. Repayment of borrowing and related interest expense will be funded by revenue generated from utility fees and is reflected in the 2020-2024 Financial Plan repayable no later than 20 years from the date of issue of such debenture.

    This bylaw is to authorize funding the estimated cost of installing water meters to the water system.  View the bylaw.

    Based on 2020 utility fee rates, the annual debt service cost represents approximately $15.98 per residential property per annum.

    Bylaw received first three readings: October 20, 2020

    Required Financing

    Estimated Financing Costs 

    Bylaw  2776 Authorization Request

    Utility Payer Impact
    Cost per residential property per annum.

    $2,425,000

    $24,495

    $2,449,495

    $15.98

    If you are in favour of this bylaw, you do not need to submit any forms. If you are not in favour of this bylaw, please complete this Elector Response Form and submit it to the District no later than 5 p.m. on Wednesday, March 10, 2021.

    Please note:

    • a separate Elector Response Form is required for each of the four loan authorization bylaws as they will each be considered separately.
    • The original signed form must be submitted. We are not able to accept scanned and emailed response forms.
  • Bylaw 2777 - New Main Firehall - Valleycliffe

    PROJECT COST:   $10,101,010

    The District of Squamish proposes to borrow a sum not exceeding $10,101,010 under authority of “District of Squamish Main Firehall - Valleycliffe Capital Works Loan Authorization Bylaw No. 2777, 2020”. Repayment of borrowing and related interest expense will be funded by revenue generated from property taxation and is reflected in the 2020-2024 Financial Plan repayable no later than 20 years from the date of issue of such debenture.

    This bylaw is to authorize funding in order construct a new main firehall in Valleycliffe.  View the bylaw.

    Based on 2020 taxation rates, the annual debt service cost represents approximately $5.28 per $100,000 of assessed property value for residential properties.

    Bylaw received first three readings: October 20, 2020

    Required Financing

    Estimated Financing Costs 

    Bylaw  2777 Authorization Request

    Taxpayer Impact
    Cost per $100,000 of assessed residential property value

    $10,000,000

    $101,010

    $10,101,010

    $5.28

    If you are in favour of this bylaw, you do not need to submit any forms. If you are not in favour of this bylaw, please complete this Elector Response Form and submit it to the District no later than 5 p.m. on Wednesday, March 10, 2021.

    Please note:

    • a separate Elector Response Form is required for each of the four loan authorization bylaws as they will each be considered separately.
    • The original signed form must be submitted. We are not able to accept scanned and emailed response forms.