The Waikato's $20 million Te Awa River Trail will be given back to ratepayers on completion if they commit to spending thousands of dollars a year on maintenance.
The Te Awa River Trail Charitable Trust is seeking financial commitment from Hamilton City, Waipa and Waikato District councils whose boundaries the 70km cycleway runs through, to cover the ongoing maintenance costs before construction starts this October.
Hamilton City Council's operations and activity performance committee will this week consider signing the agreement which would commit it to spending $72,750 in the next two years and $87,000 a year from 2014/15 onwards to maintain the 7.3km of new cycleway that will link in with existing city tracks.
In return, the trust would finance the new Hamilton section at a cost of about $2.4 million before gifting it to the city.
As part of the agreement, the city council would also be committing staff input over the design and construction, as well as being the signatory to the easement agreements to use the properties within its boundaries.