TAKE NOTICE that pursuant to the municipal Government Act, Sections 251 and 258, that the Council of the Town of Smoky Lake, in the Province of Alberta has given first reading to Bylaw No.003-2022, which will, upon final passage and approval, authorize the proper officers of the said Town to borrow monies to finance a Community Daycare Facility in the New H. A. Kostash School Building in Smoky Lake.
The total cost of the aforesaid project amount is $600,000.00. After deducting from this cost, the amount of $360,000.00 to be funded from Smoky Lake County, the net amount to be borrowed on the credit and security of the municipality at large by the issue of a debenture is $240,000.00. The debenture is to be repaid over a period of Twenty (20) years in semi-annual or annual installments including the principal and the interest (not to exceed Eight (8%) percent, per annum).
A public hearing will be held on Tuesday, June 7, 2022, at 6:00 p.m. at the Town Council Chambers in Smoky Lake and virtually at www.gotomeet.me/SmokyLake.
NOW THEREFORE NOTICE is hereby given by the Council of the Town of Smoky Lake that, unless a petition of the electors for a vote on Bylaw No.003-2022 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. Copies of the proposed bylaw may be obtained from the Town Office, 56 Wheatland Ave, Smoky Lake, AB. or online at www.smokylake.ca. If you have any questions, please contact the town office at
(780) 656-3674.
Dated at the Town of Smoky Lake, in the Province of Alberta, this 18th Day of May, 2022.