Skip to main navigation Skip sub navigation Skip to main content Skip to footer Accessibility Options

City Hall

City Hall

Regarding General Borrowing By-law No. 7121 (An Ammendment to Borrowing By-law No. 7063)


June 19, 2015

TO PROVIDE FINANCIAL ASSISTANCE TO THE KEYSTONE CENTRE FOR ROOF REPAIRS

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, July 20, 2015 at 7:00 PM will consider giving 1st reading to By-Law No. 7121 (an amendment to By-law 7063) for the following proposal to borrow $2,975,000.00 to pay for:

Financial assistance to the Keystone Centre for roof repairs

Total financial assistance of $2,975,000.00 will be funded by borrowing

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

Annual repayment amounts will be no more than $301,330.34 to be levied annually as part of the general municipal levy.

Copies of the proposed By-law No. 7121 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 19th day of June, 2015, and issued pursuant to Section 174.1(1) of The Municipal Act.

 

Dean Hammond, CMA

City Treasurer


Back to Top