As mentioned in an early blog, Kicking Horse Culture has
secured funding of $120,000 per annum for the next three years (2015-2017) from
the Economic Opportunity Fund.
In addition, at the Town of Golden Special Open Council
meeting on June 17th 2014, council confirmed its support with the
Area ‘A’ director in requesting the board of the CSRD allocate from the Golden
and Area ‘A’ Impact Area EOF;
1.
$80,000 in the fiscal year 2014 to the early
Learning and Care Stakeholder Action Group to leverage other funding toward the
construction of an early learning and care centre in Golden and;
2.
$45,000 in fiscal 2014 and another $45,000 in
fiscal year 2015 to the Golden Nordic Club Society toward its continuing
infrastructure development.
The Economic Opportunity Fund (EOF) is derived from the
Impact Area component of the BC Hydro payments in lieu of taxes (PILT) for the
power generating facilities including dams, reservoirs and powerhouses and is
available to the CSRD each and every year. In 2014, $273,000 was allocated to
Golden and Area ‘A’ Impact Area EOF. This amount of EOF is expected to increase
as more power generating facilities are developed by BC Hydro.
All monies extracted from the EOF must be approved by both
the Golden Town Council and the Area ‘A’ regional director and ratified by the
CSRD board.
