Contract awarded for long-awaited Faulder water project

3 September, 2015

A contract was awarded Thursday to complete the long-awaited upgrade of the Faulder water system.

The board of the Regional District of Okanagan-Similkameen voted unanimously to assign the $414,000 job to Grizzly Excavating.

Residents on 80 properties in the community about 15 minutes west of Summerland have for years dealt with uncertainty about the long-term supply available from the Meadow Valley Aquifer and concerns about uranium content in the water.

A new well has already been drilled. The next phase of work will see the installation of a uranium treatment system and connection of the new well to the distribution network.

Work on the project is expected to be complete by the end of the year, according to RDOS engineering technologist Candace Pilling.

Nearly $1 million in grant funding is available for the project, while the RDOS expects to borrow approximately half that much to complete the job, then pass on the cost to residents, who would pay roughly $450 a year over a 20-year amortization period, said Pilling.



Will the $450.00 a year mentioned in the last paragraph be added to our annual water bill?

We were told that the upgrade to the water system would not increase our cost because since the original loan was paid of the extra money collected was put into a contingency fund to cover the upgrade cost.

As noted on page 3 of this presentation, our best estimate of the net annual change in Faulder billing is closer to +$150/year.  This will pay down the debt for the Faulder water upgrade over 20 years.  Of course, the project is still in progress, so we can't promise anything until the bills are in.

Just a caveat: the numbers in the story below do not include reserves.  See page 3 of our 2014 presentation.  A broader discussion ​and updates are here.   MJB

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