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Regarding General Borrowing By-law No. 7116


March 31, 2015

TO FUND THE BRANDON MUNICIPAL AIRPORT TERMINAL REDEVELOPMENT PROJECT

The Council of the City of Brandon at its regular meeting to be held in the Council Chamber, Civic Administration Building (2nd Floor), 410 – 9th Street, Brandon, on Monday, April 20, 2015 at 7:00 PM will consider giving 1st reading to By-Law No. 7116 for the following proposal to borrow $2,981,200.00 to pay for:

The renovation and expansion of the Brandon Municipal Airport Terminal Building

Total financial assistance of $2,981,200.00 will be funded by borrowing

Borrowing will be repaid over a maximum of 15 years at a maximum interest rate of 5.75% per year

Annual repayment amounts will be no more than $301,958.33 to be levied annually as part of the general municipal levy.

Copies of the proposed By-law No. 7116 are available to the public in the City Clerk’s Office, 410 – 9th Street, Brandon during regular office hours 8:30 AM to 5:00 PM or listed under Public Notices on the City’s web site at www.brandon.ca.

Dated at the City of Brandon this the 2nd day of April, 2015, and issued pursuant to Section 174.1(1) of The Municipal Act.


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