Notice to electors on borrowing bylaw

For the re-construction of Township Road 510 from Nisku Spine road to RR243

Section 258 – Municipal Government Act

To complete the project, Leduc County needed to borrow up to $9,000,000 for a period of up to 20 years from the Government of Alberta, through the issuance of a debenture, and on the terms and conditions referred to in this bylaw, including the following:

• The project being financed is estimated to serve residents for 20 years or more.
• Leduc County’s outstanding debt as of Dec. 31, 2021 was $40,598,205 and no part of the principal interest is in arrears.
• All required approvals for the project have been obtained and the project is in compliance with all acts and regulations in the province of Alberta.

A Leduc County elector who wished to file a petition regarding the proposed bylaw had to do so in compliance with Part 7 of the Municipal Government Act, which includes, but is not limited to, the following:

• The petition had to be filed with Leduc County’s county manager by April 8, 2023, which was within 15 days of the last newspaper advertisement.
• The petition had to be be signed by at least 1,441 Leduc County electors, which represents 10 per cent of the County’s total population.
• The petition had to contain on each page an identical statement of the purpose of the petition and meet all other requirements noted in Section 224 of the Municipal Government Act.

View the notice of borrowing bylaw

Learn more about petitioning a bylaw

View the Debenture Borrowing Bylaw

OUTCOME OF PUBLIC HEARING

Council passed Bylaw 06-23 at the public hearing on April 11, 2023