Morinville could be coming close to its self-imposed debt limit of $25,133,097 if Council approves a $22,020,000 borrowing bylaw, which passed First Reading May 22. The bylaw presents a worst-case scenario of just over $22 million in borrowing for the roughly $30 million project.
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Council has unanimously approved first reading of a new Temporary Borrowing Bylaw that will allow the Town to continue to finance the Rec Centre project. This law enables the Town to borrow up to $18,837,688 until long-term financing can be secured and finalized. […]
by Calli Stromner with files from Paul Smith 2014 Property Tax Rate Bylaw Council gave first reading to the 2014 […]
By Morinville News Staff
Temporary Borrowing Bylaw approved
Councillors gave all three readings to a bylaw that will allow them to borrow some money if the need arises… […]
By Stephen Dafoe
Morinville – Town Council gave unanimous second and third reading Tuesday night to a borrowing bylaw that permits the town to borrow up to $2,875,000 to upgrade St. Germain Plaza, home of the Morinville Town Offices and the Morinville Public Library.
Renovation of the Civic Plaza building was approved last December in the 2011 budget; however, the original estimate of … […]
By MorinvilleNews.com staff
Sturgeon County – County Council gave unanimous second and third reading to two separate borrowing bylaws Thursday morning that will permit the County to secure the funding it needs to purchase three motor graders and one tanker / plow truck. […]
By MorinvilleNews.com Staff
Sturgeon County – Council gave unanimous first reading to two borrowing bylaws that would permit Sturgeon County to borrow up to $991,000 to purchase three new graders and one tanker / plow truck… […]
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