Referendum set for $1.3M RDN purchase of French Creek School property
NANAIMO — Some residents in the Regional District of Nanaimo will head to the polls next month.
The RDN has set a Saturday, Oct. 25 referendum date on a $1.3 million purchase of the former French Creek School site on Hwy. 4A in Coombs, of which up to $824,000 (plus interest) would be financed through long-term borrowing.
Remaining money on the purchase would come from Area F community parks and halls reserve funds, and around $120,000 from the Community Works Fund.
It’s expected the loan repayment will add $22.71 to property taxes per household in Area F over the 10 year term of the loan.




