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TO PAY FOR THE RETROFITTING OF THE BUILDING AT 638 PRINCESS AVENUE

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 15, 2013 at 7:30 PM will consider the following proposal to borrow $3,000,000.00 (borrowing by-law no. 7060) to pay for:

  • Retrofitting the building at 638 Princess Avenue to create a Development Services Building and Youth Centre
  • Total estimated cost of $3,000,000.00 will be funded by borrowing
  • Borrowing will be repaid over 15 years at a maximum interest rate of 5.875% per year
  • Annual repayment amounts will be no more than $306,370.51 to be levied annually as part of the general municipal levy.

 

Copies of the proposed By-law No. 7060 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 or listed at the bottom of this page.

Dated at the City of Brandon this the 5th day of April, 2013, and issued pursuant to Section 174.1(1) of The Municipal Act.

Val Rochelle
Director of Finance

 

By-law No. 7060


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