Oct 26, 2012 / 4:45 pm
The Office of the City Clerk validated the results of the Alternate Approval Process for the sale of the Kelowna Electrical Utility assets to FortisBC Inc.
The number of petitioners opposed to the agreement was 91 or less than .1% of electors. This is below the 10 per cent of electors (9,484 residents) required to halt the process.
Results of the Alternative Approval Process for the downtown parkades were also validated by the Office of the City Clerk.
This Alternative Approval Process for a borrowing bylaw of $15 million to be used for an expansion of the Library parkade and construction of a new parkade on the Memorial Arena property received an insufficient number of petitions opposing the project.
The number of petitioners opposed to the borrowing was 165 or less than .2% of electors. This is again below the 10 per cent of electors (9,484) needed to defeat the borrowing bylaw.
Both Alternative Approval Processes concluded at 4 p.m. today (Friday).
City Council will receive a Certificate of Sufficiency for each process on Monday, Oct. 29, during the afternoon Council meeting. The sufficiency reports are available online at kelowna.ca/council.
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