Water Supply Improvement Program

The Municipality of the County of Kings has a financing program that provides a low-interest loan to eligible property owners who wish to improve their access to a clean and reliable water supply.

This program is for:

The Owner(s) of a one-unit or two-unit residential property within the Municipality of the County of Kings where the property is the applicant’s principal residence.

Please note, new construction, recreation, resource or commercial property, properties without an existing water supply, properties able to connect to an existing central water supply, and properties exempt from paying property taxes are ineligible for this program.

What improvements are covered?

Various types of on-site water supply improvements are eligible for support through this program. Examples of eligible upgrades include:

• Installing a drilled well;
• repairing a well pump; and
• cisterns and rainwater collection.

Loan Amount

The maximum loan amount is $20,000. The Municipality will pay the lesser of either:

• the maximum eligible amount of $20,000; or
• the actual cost of providing for, financing and installing Water Supply Improvement equipment, less any funding from any person, the Government of Canada, the Government of the Province of Nova Scotia or any combination of them; or
• 75% of the assessed value of the property as determined by Property Valuation Service Corporation.

Interest

Interest shall accrue at a rate established annually in January and will be equal to the Bank of Canada overnight target rate plus two percentage points (2.0%)

Loan Administration and Repayment

After the upgrade is complete, the property owner is responsible for sending relevant invoices to the Municipality. Then, the Municipality will directly pay the contractors for the work up to a maximum of the approved amount under the loan agreement The amount owing to the Municipality, including interest accrued, can be paid back by equal monthly installments over a period of not more than 10 years.

How to Apply

Apply in person by visiting the Municipal Office, 181 Coldbrook Village Park Drive, or by emailing the completed application form to watersupplyloan@countyofkings.ca.

Additional terms and conditions for this program are outlined in the Municipality’s By-law #115 Respecting Charges for the Improvement of Water Supply and in the Financing Agreement between the property owner and the Municipality.