Comox wants to make sure there’s always money in the bank to fix potholes and keep the water flowing.
The Town of Comox approved a new Infrastructure Renewal Fund during this week’s council meeting. The fund will be used specifically to make sure facilities, roads, underground pipes, parks, and trails are maintained regularly.
Mayor Nicole Minions says the town is transitioning to a proactive approach when it comes to local infrastructure.
“With the latest data, the Infrastructure Renewal Fund emerged as the best solution for our community and the essential infrastructure we rely on today and for future generations,” said Minions.
She says the fund will help address emergency repairs and reduce the risk of major issues, including water main bursts and deterioration of the roads.
“The Town currently has over $270,000,000 in assets, and maintaining them is part of building a strong, vibrant community.”
The town adds that you can expect an average charge of $51.70 on this year’s tax notices.
