Council passes first reading of borrowing bylaw no. 06-2023

PUBLIC NOTICE TO OWNERS OF THE CITY OF LLOYDMINSTER, PROVINCE OF ALBERTA/SASKATCHEWAN

SECTION 194 and 201 - THE LLOYDMINSTER CHARTER

TAKE NOTICE that the Council of the City of Lloydminster, in the Province of Alberta/Saskatchewan, has given first reading to borrowing Bylaw No. 06-2023 which will, upon final passage and approval, authorize the proper officers of the said City of Lloydminster to borrow monies from the Province of Alberta or another authorized financial institution by way of debenture issue, to pay for the cost of the following municipal purpose(s), namely theconstruction of the Lloydminster Effluent Line within the Corporate boundaries of the City of Lloydminster.

The total cost of the aforesaid project amounts to $7,000,000. The amount to be borrowed on the credit and security of the municipality at large by the issue of debentures is $6,400,000. The debentures are to be repayable by instalments of principal and interest over a term not to exceed thirty (30) years at a rate of interestfixed from time to time by the Province of Alberta or another authorized financial institution, not to exceed ten percent (10%).

NOW THEREFORE NOTICE is hereby given by the Council of the City of Lloydminster that, unless a petition of the owners for a vote on Bylaw No. 06-2023 is demanded, as provided for by the terms of Section 172 of The Lloydminster Charter, the said Council may pass the said borrowing bylaw.

All persons interested are hereby notified and they are required to govern themselves accordingly.

DATED at the City of Lloydminster, in the Province of Alberta/Saskatchewan, this 20th day of July 2023.

INFORMATION FOR ELECTORS

Pursuant to Section 1(s) of The Lloydminster Charter, an "elector" means:

For the purposes of election of members of Council, for votes on bylaws and for votes on questions, means a person who, on the day of the election

is a Canadian citizen,
is of the full age of 18 years,
either
1. has resided in the City or on land now in the City for at least 3 months immediately preceding the day of the election, or
2. is the owner of assessable land situated in the City or of land now situated in the City for at least 3 months immediately preceding the day of the elections; and
has resided in Alberta or Saskatchewan for at least 6 months immediately preceding the day of the election.

A poll may be demanded in the City of Lloydminster by electors equal in number to at least 10% of thepopulation.

In accordance with the provisions of Section 163 of The Lloydminster Charter and in accordance with the provisions of Section 194 and 201 of The Lloydminster Charter.

The petition for a vote must be received by the Clerk within 15 days of the last publication of this notice andshall contain on each page “an accurate and identical statement of the purpose of the petition”. (Further requirements of the petition are provided in Section 164 of The Lloydminster Charter.)

DATE of the last publication of this notice is the 27th day of July 2023.