RURAL MUNICIPALITY OF ST. CLEMENTS – PUBLIC NOTICE
PUBLIC NOTICE is hereby given pursuant to Subsection 174(1) of The Municipal Act that the Council of the Rural Municipality of St. Clements intends to give first reading to three (3) proposed borrowing by-laws at the Council Chambers of the R.M. of St. Clements, 1043 Kittson Road during the regular meeting of Council on Tuesday May 22nd, 2018 at 2:00 p.m.
Following first reading, all three proposed borrowing by-laws will be forwarded to the Manitoba Municipal Board for approval. Such approval must be obtained under the Municipal Act s.176 prior to third reading and execution of the proposed by-laws.
REGARDING GENERAL BORROWING BY-LAW 6-2018
BEING A BY-LAW OF THE RURAL MUNICIPALITY OF ST. CLEMENTS TO
PROVIDE FOR THE EXPENDITURE AND BORROWING OF FUNDS TO ESTABLISH
A MUNICIPAL RECREATION FACILITY IN SOUTH ST. CLEMENTS
The total cost of the project is estimated at $ 4,850,000 and will include grant funding awarded in the amount of
$ 250,000 and a contribution from the Gas Tax Reserve of $ 250,000. The net total cost of the proposed borrowing is $ 4,835,000 and is to be repaid over 20 years at a rate estimated for the time being at 4.125 % per annum and subject in any event to the authorization of The Municipal Board. The annual repayment amount is estimated at
$ 359,716.75 and will be levied annually as part of the general levy.
REGARDING GENERAL BORROWING BY-LAW 7-2018
BEING A BY-LAW OF THE RURAL MUNICIPALITY OF ST. CLEMENTS TO PROVIDE FOR THE EXPENDITURE AND BORROWING OF FUNDS TO UPGRADE & EXPAND THE FACILITIES AND EQUIPMENT OF THE NAROL FIRE DEPARTMENT
The total cost of the project is $ 1,573,000 and is to be fully funded by the proposed borrowing. The total cost of the proposed borrowing is $ 1,573,000 and is to be repaid over 20 years at a rate estimated for the time being at 4.125 % per annum and subject in any event to the authorization of The Municipal Board. The annual repayment amount is estimated at $ 117,028.84 and will be levied annually as part of the general levy.
REGARDING GENERAL BORROWING BY-LAW 8-2018
BEING A BY-LAW OF THE RURAL MUNICIPALITY OF ST. CLEMENTS TO PROVIDE FOR THE EXPENDITURE AND BORROWING OF FUNDS TO COMPLETE
CONSTRUCTION & IMPROVEMENT OF WATER CONTROL WORKS
The total cost of the project is estimated at $ 3,520,000 and is to be fully funded by the proposed borrowing. The total cost of the proposed borrowing is $ 3,520,000 and is to be repaid over 20 years at a rate estimated for the time being at 4.125 % per annum and subject in any event to the authorization of The Municipal Board. The annual repayment amount is estimated at $ 261,882.72 and will be levied annually as part of the general levy.
Any person who has questions, needs clarification or requires further information, either prior to or following the first reading of the by-law, is encouraged to contact DJ Sigmundson, CAO at 482-3300.
Copies of the proposals to borrow are available for review at the Municipal Office located at
1043 Kittson Road, East Selkirk or on our website at www.rmofstclements.com
Dated this 7th day of May, 2018.
D.J. Sigmundson, CMA
Chief Administrative Officer