Moose Jaw Times-Herald: Moving ahead with LIP for cast iron replacement

Executive committee approves city to request Sask. Municipal Board approval for cast iron water main replacement 

Josh Mickleborough, director of engineering services
(right), and Colin Prang, manager of engineering
services, speak about the cast iron water
main replacement program at the Sept.
28, 2015 executive committee meeting.
Lisa Goudy/Times-Herald    

By Lisa Goudy

Affected residents will likely have to pay an average of $7,474.12 for 2015 cast iron water main replacement or 30 per cent of the cost.

Homeowners will have the choice to pay their share upfront or on their taxes over a period of 20 years. At an interest rate of four per cent over a 20-year period, it would cost $549.96 per year.

"This does put a huge responsibility on business owners and residents, but I don't see how we would have the ability to finance it otherwise," said Mayor Deb Higgins.

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