Seven Red Deer property owners will pay the city back the $71,300 cost of burying power lines in front of their Grandview homes.
On Tuesday, Red Deer city council gave final approval to a project that will result in underground power delivery to six homes on 43A Avenue and one house on 43rd Street.
Engineering services manager Konrad Dunbar told council that no public hearing would be needed because the request for the power conversion came from the impacted landowners in July 2020.
These residents do not object to paying a local improvement tax to cover the cost for getting rid of the thick, wooden old-style power poles in front of their residences.
The City of Red Deer will pay the $71,368 cost upfront, out of Electric Light and Power capital reserves. According to Dunbar’s report, the homeowners have agreed to repay this amount, with 2.6 per cent interest, over 20 years.