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Public Notice - Borrowing Bylaw 1238/19

posted on Oct 9 2019

PUBLIC NOTICE TO ELECTORS OF THE TOWN OF BLACKFALDS, PROVINCE OF ALBERTA

TAKE NOTICE that the Council of the Town of Blackfalds has given first reading to Bylaw No. 1238/19, which will, upon final passage and approval, authorize the proper officers of the Town of Blackfalds to purchase 5200 Duncan Ave, Blackfalds, Alberta.

The total cost of the project above amounts to $5,000,000. The amount to be borrowed will be on the credit and security of the municipality at large by the issue of a debenture or bank loan. The debenture is repayable to the authorized financial institution up to 25 years at an interest rate not to exceed six (6) percent.   

NOW THEREFORE NOTICE is hereby given by the Council of the Town of Blackfalds that, unless a petition of the electors for a vote on Bylaw 1238/19 is demanded, as provided for the terms of Section 231 of the Municipal Government Act that said Council may pass the said Borrowing Bylaw

All persons interested are hereby notified and they are required to govern themselves accordingly.

A copy of the proposed Bylaw and all public documents applicable to the proposed Bylaw may be found at the website www.blackfalds.com/bylaw or can be viewed in person at the Town of Blackfalds Office during regular office hours, 8:30 a.m. to 4:30 p.m., Mondays to Fridays.

DATED at the Town of Blackfalds, in the Province of Alberta, this 9th Day of October, 2019