Council intends to adopt Loan Authorization Bylaw No. 0165 that will permit the Municipality to borrow up to $7.6 million to construct water infrastructure upgrades. Electoral approval is required before adoption of the bylaw and Council is seeking such approval through an Alternate Approval Process (AAP). The AAP means that if fewer than 10% of the electors respond that they are opposed to adoption of the bylaw without a full referendum, the bylaw will move forward for adoption.
A public information session regarding the subject project, borrowing costs and options and the Alternate Approval Process was held on September 13, 2021. The meeting video, presentation and AAP form are available here. The deadline to submit AAP forms is 4 PM October 8th.
For further information on the project, please contact Omar Butt; for further information on the AAP and form submission, please contact Nicky Jonsson.