Sylvan Lake opens tap to more funding for new reservoir
Town council in Sylvan Lake has fast-tracked additional funding for the construction of a badly-needed new water reservoir.
The Town’s current water system is capable of supplying a population of 18,000, according to a report presented to council on Monday. The 2016 federal census showed Sylvan Lake’s population to be 14,816.
Plans for a new 8,500 square-foot water reservoir began in 2015 to ensure potable drinking water for a population of 30,000 town residents.
Originally, $6.5 million was to be borrowed this year followed by $4.5 million in 2022 to build the reservoir. Instead, council approved an additional $3.5 million for this year to capitalize on more favourable interest rates and construction costs.