TAKE NOTICE THAT the Council of the Municipality of the Town of Smoky Lake has given first reading to Borrowing Bylaw No. 024 – 2020 on Tuesday, November 17, 2020.

This bylaw authorizes the Council of the Municipality to incur indebtedness by the issuance of debenture(s) in the amount of Three Hundred and Six Thousand ($306,000) dollars for the purpose of the project entitled: “Solar Project for Municipal Buildings”.

The Municipality shall repay the indebtedness according to the repayment structure in effect, namely semi-annual payments of combined principal and interest instalments not to exceed Twenty (20) years calculated at a rate not exceeding the interest rate fixed by the Government of Alberta on the date of the borrowing, and not to exceed Three (3) percent.

A Public Hearing is scheduled for Tuesday, December 1, 2020 at 5:30 p.m. at the Council Chambers in Smoky Lake and virtually at https://www.gotomeet.me/SmokyLake.  

AND FURTHER TAKE NOTICE THAT anyone wishing to make a verbal or written representation may do so at the hearing, or by providing the representation to Adam Kozakiewicz, Chief Administrative Officer before 4:00 p.m. on Monday, November 30, 2020.  A copy of the proposed Borrowing Bylaw may be inspected online at https://www.smokylake.ca/ or obtained in hard-copy from the Town of Smoky Lake Office. To obtain more information regarding the proposed Bylaw, please contact: Adam Kozakiewicz, Chief Administrative Officer at (780) 656-3674 or email cao@smokylake.ca

NOW THEREFORE NOTICE is hereby given by the Council of the Municipality of the Town of Smoky Lake that, unless a petition of the owners for a vote on Bylaw No. 024 – 2020 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.

Link to Bylaw

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