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Public Notification of Borrowing Bylaw No. 16-2021

PUBLIC NOTICE TO ELECTORS OF

BIG LAKES COUNTY, PROVINCE OF ALBERTA

BY-LAW NO. 16-2021 – BORROWING BYLAW

SECTION 251 - THE MUNICIPAL GOVERNMENT ACT

TAKE NOTICE that the Council of Big Lakes County, in the Province of Alberta, has given first reading to Borrowing Bylaw No. 16-2021 which will, upon final passage and approval, authorize the proper officers of the said municipality to borrow monies from the Province of Alberta by way of debenture issue, to pay for the cost of the paving of the Peavine Road overlay, namely within the limits of the said municipality.

The total cost of the aforesaid project amounts to $5,811,909.00. After deducting from this cost, the amount of $4,383,450.00 to be received by way of Provincial Grants, the net amount to be borrowed on the credit and security of the municipality at large by the issue of debentures is $1,400,000.00. The debentures are to be repayable to the Province of Alberta in TWENTY (20) equal consecutive semi annual instalments of combined principal and interest, the semi annual interest not to exceed THREE per centum (3%), or the interest rate as fixed from time to time by the Province of Alberta;

NOW THEREFORE NOTICE is hereby given by the Council of Big Lakes County that, unless a petition of the electors for a vote on Bylaw No. 16-2021 is demanded, as provided for by the terms of Section 231 of the Municipal Government Act, the said Council may pass the said borrowing bylaw.

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

DATED at Big Lakes County, in the Province of Alberta, this 25th day of August 2021.

Signed Public Notification

INFORMATION FOR ELECTORS

Pursuant to Section 1(i) of the Municipal Government Act an "elector" means:

  1. A person who is eligible to vote in the election for a councillor under the Local Authorities Election Act.

Pursuant to “section 47(1) of the Local Authorities Election Act,” a person is eligible to vote in an election if he:

  1. is at least 18 years old,
  2. is a Canadian citizen, and
  3. has resided in Alberta for the 6 consecutive months immediately preceding election day and is resident in the area on election day.

A poll may be demanded in Big Lakes County by electors equal in number to at least

  1. in the case of a municipality other than a summer village, by electors of the municipality equal in number to at least 10% of the population,

in accordance with the provisions of section 223, and section 251 of the Municipal Government Act.

The petition for a vote must be received by the Chief Administrative Officer within 15 days of the last publication of this notice and shall contain on each page “an accurate and identical statement of the purpose of the petition”.  (Further requirements of the petition are provided in section 224 of the Municipal Government Act.)

DATE of the last publication of this notice is the 8th day of September 2021.