On March 11, 2025 the Council of the Township of East Garafraxa approved the Marsville Subdivision Drinking Water System Financial Plan dated February 26, 2025, pursuant to the Safe Drinking Water Act, 2002 (O. Reg. 453/07, section 3 (1) 1.).
The plan was prepared as part of the five submission requirements for the purpose of obtaining a municipal drinking water license as per the Safe Drinking Water Act, 2002. In general, a financial plan requires an in-depth analysis of capital and operating needs, a review of current and future demand versus supply, and consideration of available funding sources. The detailed financial planning and forecasting regarding the Township’s water systems has been completed based on these factors. The objective of the report provided herein is to meet the requirements for a financial plan as defined by Ontario Regulation 453/07 (O. Reg. 453/07).
The financial plan includes a 9% annual increase to the flat rate starting in 2026 and continuing through 2030.