By rdnewsNOW staff

Henner’s Pond stormwater outlet project moves forward

Oct 24, 2018 | 6:29 AM

LACOMBE-  Council has approved the bylaw required to authorize the borrowing to fund the Henner’s Pond stormwater outlet project in the north end of Lacombe.

The borrowing is necessary to facilitate the offsite levy-funded stormwater infrastructure that will support development of the Henner’s Pond Outline Plan, including the Charis Village Senior’s Housing project, which broke ground earlier this month.

“The City is planning to construct a stormwater outlet from Henner’s Pond to William’s Slough to Wolf Creek this winter,” said Director of Operations and Planning Jordan Thompson. “In recent years, Henner’s Pond has experienced issues with bank stability and a slowly rising water level. An outlet from Henner’s Pond to Wolf Creek would maintain a consistent and controlled water level, and allow for the development of lands in the area.”

The total borrowing amount is $1,820,000.

It will carry both interest and principal payments with semi annual payments.

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The annual debt servicing cost will be approximately $107,000 per year.

(Gary McKinnon – The City of Lacombe)