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Public Notice – Bylaw 552/19 Borrowing Bylaw

PUBLIC NOTICE TO ELECTORS OF THE TOWN OF SEDGEWICK, PROVINCE OF ALBERTA

TAKE NOTICE that the Council of the Town of Sedgewick, in the Province of Alberta, has given First Reading to Borrowing Bylaw 552/19 which will, upon final passage and approval, authorize the proper officers of the said Town of Sedgewick to borrow monies from the Alberta Capital Finance Authority by way of debenture issue, to pay for the cost of construction of the revitalization of  Main Street which is to include replacing sanitary sewer mains, pavement, sidewalks, light fixtures and other landscaping items located on the 4800 block of 47th Street within the Town of Sedgewick;

The total cost of the aforesaid project amounts to $1,700,000.00. After deducting from this cost the amount of $200,000.00 to be received by way of Provincial Grants, the net amount to be borrowed on the credit and security of the municipality at large by the issue of debentures is $1,500,000.00. The debenture is repayable to the Alberta Capital Finance Authority in thirty (30) equal consecutive semi-annual instalments of combined principal and interest, with the semi-annual interest not to exceed eight (8) percent.

NOW THEREFORE NOTICE is hereby given by the Council of the Town of Sedgewick that, unless a petition of the electors for a vote on Bylaw 552/19 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.

A copy of Bylaw 552/19 can be found at the website sedgewick.ca or can be viewed in person at the Town of Sedgewick administrative office at 4818 47th Street, Sedgewick, Alberta.

DATED at the Town of Sedgewick, in the Province of Alberta, this 30th day of January, 2019.

Town of Sedgewick

PER: JIM FEDYK

Chief Administrative Officer

 

VIEW THE BYLAW

 

INFORMATION FOR ELECTORS

Pursuant to Section 1(i) 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/she:

  1. a) Is at least 18 years old,
  2. b) Is a Canadian citizen, and
  3. c) Has resided in Alberta for the 6 consecutive months immediately preceding election day and is resident in the area on election day.

Unless otherwise provided in the Municipal Government Act, or any other enactment, only electors of a municipality are eligible to be petitioners.

A petition must be signed by the required number of petitioners.  In the case of the Town of Sedgewick, the petition must be signed,

  • by electors of the municipality equal in number to at least 10% of the population.

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 6th day of February, 2019.

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