CVRD buys Stonehenge

Estimated debt tax rate $4.14 for a property assessed at $300,000

  • Apr. 29, 2016 9:00 a.m.

The Comox Valley Regional District (CVRD) board recently approved the purchase of Stonehenge Farm, 4875 Headquarters Road, adjacent to the CVRD exhibition grounds. The property is currently a 3.38 hectare riding academy housing two residences, stable, outdoor and indoor riding facilities and several pastures.

“It is not every day that property adjacent to us becomes available,” explains board chair Jolliffe. “Acquiring this site we have the ability to enhance our services, provide economic opportunities and develop partnerships that would benefit our growing community in the long-term.”

Stonehenge Farm was purchased for $815,000. The CVRD board approved a maximum of $850,000 to be borrowed over a five-year period with short-term financing from the Municipal Finance Authority. The annual debt for purchasing the property is approximately $180,000. The tax rate for this debt payment is estimated at $4.14 for a property assessed at $300,000. The borrowing costs are included in the 2016-2020 financial plan for the exhibition grounds service.

The long term site use will be determined through a review and update of the 2008 Comox Valley Exhibition Grounds (CVEG) site master plan process that will be led by the CVRD community services branch. As this property is within the agricultural land reserve (ALR) any future site developments would have to adhere to both the City of Courtenay and ALR permitting and zoning bylaws. As this initiative moves forward consultation with key stakeholders including the Comox Valley Exhibition Association, Comox Valley Farmers Institute, North Vancouver Island Horse Association, Comox Valley Therapeutic Riding Society, Vancouver Island Musicfest and other interested parties will occur. The CVRD board has directed the CVEG master plan update to be included in the 2016 financial plan.

 

Just Posted

UPDATE: Motorcyclist dead following crash on Strathcona Parkway

A 29 year old man has died following a motorcycle crash on… Continue reading

Sarah Rebitt named the Vanier recipient of the Governor General’s Award

Sarah Rebitt was named the recipient of the 2018 Governor General’s Award… Continue reading

Vancouver Island pharmacist suspended for giving drugs with human placenta

RCMP had samples of the seized substances tested by Health Canada

Bylaw rescinded after vacation rental owners express concerns

Concerns included a lack of consultation

Get ready for a week of sunshine across Vancouver Island

Environment Canada is forecasting temperatures in the high teens all this week

AFN national chief suggests moving Trans Mountain pipeline route

Perry Bellegarde said many Indigenous communities believe in the need to diversify export markets

Bob Castle’s Under The Glacier cartoon for Sept. 25, 2018

Bob Castle’s Under The Glacier cartoon for Sept. 25, 2018… Continue reading

Premier John Horgan ponders debate on voting system changes

B.C. Liberal leader Andrew Wilkinson wants one-on-one, no Green

Saganash drops F-bomb in Commons over federal approach to Trans Mountain

NDP’s reconciliation critic accused federal government of ‘wilfully’ violating constitutional duties

B.C. cancer patient denied chemo due to condition of homeless shelter

Victoria housing and health advocates say this isn’t an isolated case

VIDEO: B.C. dairy farmer says Trump doesn’t understand the industry

‘They need supply management just as bad as we need to keep it’: sixth generation farmer Devan Toop

VIDEO: Death threat, racist comments spewed over empty seat on B.C. bus

Transit Police are investigating the incident, shared online by fellow passengers on Vancouver bus

Sister of plane crash victim that went missing in B.C. starting support network

Tammy Neron wants to help families who are searching for missing people

‘Hello, 911? There’s a horse in my living room’

Sproat Lake firefighters called to ‘rescue’ quarter-horse from Alberni Valley house

Most Read