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Peace River Agreement committee receives $1M from province

A committee of local leaders that will help manage the new Peace River Agreement received $1 million from the province on Monday. The one-time payment will fund the operations of the committee, which will also study impediments to regional growth.
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A committee of local leaders that will help manage the new Peace River Agreement received $1 million from the province on Monday.

The one-time payment will fund the operations of the committee, which will also study impediments to regional growth.

The agreement replaced the Fair Share deal this spring, the agreement that compensates municipalities for industrial development outside their borders.

Three representatives from Peace Region local governments will meet with three representatives from the provincial government on the committee.

The seven municipalities will be represented by chief administrative officers from Chetwynd and Dawson Creek, as well as Fort St. John's city manager.

"With this funding, the partnership committee can undertake the important task of providing research and context to help the new Peace River Agreement create lasting benefits for local communities," said Peter Fassbender, minister of community, sport and cultural development, in a statement.

Calculations on the amount each community will receive in 2016 will not be available until "around the end of February," the Peace River Regional District says. Annual payments start at a base of $50 million in 2016. After 2020, it will be pegged to inflation through at least 2035.

There is no defined end date for the agreement. The deal will be reviewed every eight years, giving the region a chance to argue for larger payments.

Each of the Peace Region municipalities (Chetwynd, Dawson Creek, Fort St. John, Hudson's Hope, Pouce Coupe, Taylor, Tumbler Ridge) and the PRRD were given a $3 million signing bonus in 2015, in addition to the $46 million from the old agreement.

dcreporter@dcdn.ca

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