The City of Prince Albert hereby gives notice, pursuant to Section 4(n) of The City of Prince Albert Public Notice Bylaw No. 24 of 2015, of its intention to reduce and repeal two (2) Short-Term Debt Bylaws.
Reason for Notice:
1) City Council will consider passing Bylaw No. 25 of 2020 to repeal Short Term Borrowing Bylaw No. 12 of 2020, as the City no longer requires or deems it necessary to borrow $10 million.
2) City Council will consider passing Short Term Debt Bylaw No. 26 of 2020 to reduce the operating line of credit from $22 million to $12 million.
Particulars of the bylaw will be considered at the following City Council meeting:
October 13, 2020 at 5:00pm
Council Chamber, City Hall
1084 Central Avenue, Prince Albert, SK
If any person wishes to provide a written submission regarding this matter, please forward the submission to the City Clerk by 4:45 pm on Tuesday, October 6, 2020. Please visit www.citypa.ca or call the City Clerkâs office at 306-953-4305 for further information on the requirements to submit comments to City Council regarding the proposed bylaw.
Issued at the City of Prince Albert, this 3rd day of October, 2020.
Sherry Person, City Clerk