THUNDER BAY – The City of Thunder Bay will seek nearly $23 million in financing from Infrastructure Ontario to cover costs from the 2012 flood.
The major flood on May 28, 2012, overwhelmed the Atlantic Avenue wastewater treatment plant, causing sewage to back up into homes and businesses, mainly in the East End.In 2017, the city filed a $31 million suit against the Ontario Municipal Insurance Exchange , alleging it was unfairly denying claims for the repair.“This is the final year repair costs are eligible for debenture financing,” said Kerri Marshall, GM of infrastructure and operations.
The city’s primary goal is to fully recover costs while keeping rates affordable, said director of environment Michelle Warywoda. In a report, staff said sewer and water rates are considered affordable when the combined costs are below 4 per cent of median household income. However, the city projects operating costs will increase due to inflation by 4 per cent in 2023 and in 2024, 3 per cent in years 2025 through 2027, and declining to 1.9 per cent annually after that.
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