LNR pathway
updates
The County of Newell has approved the development of a paved pathway that will connect the Hamlet of Lake Newell Resort to the Kinbrook Connection Pathway. This proposal is a direct result of a presentation submitted to Council on July 20th, 2023, by the Lake Newell Resort Community Association. During the presentation, the Association emphasized the numerous advantages of this pathway for Lake Newell Resort residents. These advantages encompass enhanced safety for pedestrians and cyclists, improved community well-being, and the
potential for stimulating economic growth.
WHO WILL BE AFFECTED?
The improvement will be levied against all the parcels of land located within the boundaries of the Hamlet of Lake
Newell Resort and additional benefiting parcels. The registered owners of these parcels will be responsible for paying the improvement tax. This will affect 270 parcels which includes County owned municipal reserves and common properties held by condominium corporations.
TAX RATE DETAILS
The tax rate will be based on each parcel of land within the Hamlet of Lake Newell Resort and benefiting parcels
The total estimated cost of the local improvement is $1,000,000, The capital cost of the local improvement will
be funded as follows:
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$250,000 will be paid by the County of Newell through the Recreation Facility Improvement Funding Policy.
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$750,000 will be financed by the issuance of debentures through the Loans to Local Authorities Office over a twenty (20) year period. This debenture debt will in turn be repaid from revenue raised by the local improvement tax levied against all subject properties.