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Date Time Funding Support for Irrewillipe Road Basin Upgrade Colac Otway Shire Council will allocate $1.212 million towards a project which will have significant residential, environmental and recreational benefits for the Colac area, if it gains matching Federal Government funding. The upgrade of the Irrewillipe Road Retarding Basin would unlock land for housing lots in Elliminyt, improve the quality of stormwater entering Lake Colac and provide water for nearby sporting facilities including Colac Racecourse, Colac Golf Club and Elliminyt Recreation Reserve. Council voted last night to commit funding in the 2021-22 Budget to support a grant application to the Federal Government’s Building Better Regions Fund for the project, and negotiate opportunities for private investment from land developers to support residential development, with Council recouping its expenditure over time. ....