by Dave Preston | Peachland News
August 5, 2011
It will cost Peachland taxpayers up to $45,000 to get a report that will describe the economic, social environmental and financial impacts of proposed major developments.
Peachland council will be asked Tuesday to authorize a $50,000 expenditure in the 2011 financial plan to pay for an Economic Impact Analysis. The Regional Economic Development Commission (REDC) will kick in $5,000 toward the cost.
The REDC and its Peachland counterpart prepared terms of reference for the study and received seven responses to a request for proposal, according to documents attached to Tuesday’s council agenda.
A committee was struck to review the responses and it chose Van Struth Consulting Group as being the best of the lot.
Applications are underway to two different funders for grants to help cover the cost of the study.
The terms of reference for the study suggest a report from the accepted bidder should be available in December of this year.