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Loan Authorization Bylaw No. 4215, 2014

Dawson Creek City Council has given three readings to “Loan Authorization (Capital Improvements to Roadworks – 2014) Bylaw No. 4215 2014”, which will authorize borrowing for capital improvements to roadwork serving the City of Dawson Creek.

The amount to be borrowed for the City’s share of these projects will not exceed ($1,900,000) One million, nine hundred thousand dollars and is repayable over a maximum of ten (10) years from the date such debentures are issued.  The annual debt servicing payment on this borrowing equates to a residential tax rate of $.65 per $1,000 of assessment.

Public Notice – Loan Authorization Bylaw

Capital Improvement Project

Local Area Property Owners share

City’s Share

19th Street between 90th Avenue & 93rd Avenue

$21,696.61

$243,938.09

111th Avenue between 13th Street & 15th Street

$64,193.41

$252,088.70

105th Avenue between 8th Street & 13th Street

$271,109.85

$1,061,761.98

Total

$356,999.87

$1,557,788.87

Any questions regarding this bylaw can be directed to Shelly Woolf, Chief Financial Officer at 250-784-3611.

A copy of the bylaw can be seen here: 4215 Loan Authorization (Capital Improvements to Roadworks)

Anyone who is eligible to vote in the City of Dawson Creek and prefers that this bylaw go to a referendum for elector approval must complete and submit an Elector Response Form to the Director of Corporate Administration, 10105 – 12A Street, Dawson Creek, BC, V1G 3V7 before 4:30 pm on July 8, 2014.  These forms can be printed by clicking on the link here: 4215 elector response form or can be picked up at the Administration Department of City Hall.  Responses cannot be submitted by email or facsimile and must be given using the approved elector response form.

If less than 10% (720) of the total number of electors within the City of Dawson Creek submit an elector response form, Council may consider adoption of this Bylaw.

Brenda Ginter, Director of Corporate Administration

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