Alternative 1

CRD BOARD AUTHORIZATION LOAN (UP TO $50M) DEBT SERVICING 2024 TO 2044

Sample financial model presented is based on an assumed 6-year project life; Year 1 project planning; including phasing, coordination with partner organizations including First Nations and detailed design. Years 2 to 6 project construction, estimated to be relatively consistent for modeling purposes.

Both long-term and short-term borrowing have been estimated as 5.3% based on current BC Municipal Finance Authority (BCMFA) indicative rates. The model also assumes the full loan authorization amount of $50 million is borrowed over the period of the project.

During the years 2031-2040 the maximum debt serving cost occurs and using the 2023 requisition data as a proxy would result in a requisition per average household of approximately $28 for debt servicing.