PUBLIC NOTICE TO ELECTORS OF THE
TOWN OF SUNDRE
SECTION 251 - THE MUNICIPAL GOVERNMENT ACT
TAKE NOTICE that the Council of the Town of Sundre, in the Province of Alberta, has given first reading to borrowing Bylaw No. 09.17 which will, upon final passage and approval, authorize the proper officer of the said Town to borrow monies from the Alberta Capital Finance Authority by way of debenture issue, to pay for the cost of the following municipal purpose, namely Centre Street Upgrade – Phase I in Sundre;
The total cost of the aforesaid project amounts to $2,200,000. After deducting from this cost the amount of $715,000 to be received by way of grants from the Alberta Government and $485,000 from Municipal reserves, the new amount to be borrowed on the credit and security of the municipality at large by the issue of debentures is $1,000,000. The debentures are to be repayable to the Alberta Capital Finance Authority in forty (40) equal consecutive semi-annual installments of combined principal and interest, the annual interest not to exceed eight per centum (8%), or the interest rate as fixed from time to time by the Alberta Capital Finance Authority;
NOW THEREFORE NOTICE is hereby given by the Council of the Town of Sundre that, unless a petition of the owners for a vote on By-law No. 09.17 is demanded, as provided for by the terms of Section 231 of the Municipal Government Act, the said Council may pass the said borrowing by-law at the Council meeting held on June 26, 2017 at 6:00 pm in the Council Chambers located in the Town Office.
All persons interested are hereby notified and they are required to govern themselves accordingly.
A copy of Bylaw No. 09.17 can be inspected by the public at the Town Office, 717 Main Avenue West, Sundre, Alberta.
DATED at the Town of Sundre, in the Province of Alberta, this 8th day of May, 2017.
INFORMATION FOR ELECTORS
Pursuant to Section 1(1) of the Municipal Government Act an “elector” means:
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:
a) is at least 18 years old,
b) is a Canadian citizen, and
c) 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 the Town of Sundre by electors equal in number to at least
a) 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 of the Municipal Government Act and in accordance with the provisions of 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 23rd day of May, 2017.