Public Notice – Borrowing (Paving) 2024
Public Notice is hereby given that the Council for the Town of Cabri will consider a resolution to make application to the Saskatchewan Municipal Board – Local Government Committee, to incur a debt for the purpose of financing the paving/resurfacing of seven blocks at their next regular council meeting on April 8, 2024.
The amount of said debt shall be for THREE HUNDRED FIFTY THOUSAND DOLLARS ($350,000.00) payable in one (1) instalment, in the year 2024, eight (8) semi-annual instalments, in the years 2025 to 2028 inclusive and one (1) instalment, in the year 2029, of principal and interest combined in the sum of FOURTY THOUSAND THIRTY-ONE AND 91/100 DOLLARS ($40,031.91) at a rate of 5.04% per annum.
The source or sources of money to be used to pay the principal and interest owing under this borrowing will be revenue derived from the annual tax levy.
You may contact the Town Office during regular office hours with any questions or concerns.
Dated this 26th day of March, 2024.
Janelle Desautels, RMA
Chief Administrative Officer
Town of Cabri