PUBLIC NOTICE Waterline Renewal Project Proposed Bylaw 837-18

stanleyc | May 31, 2018

Local Government District of Pinawa

PUBLIC NOTICE

Waterline Renewal Project

PROPOSED BY-LAW NO. 837-18

 

The Council of the Local Government District of Pinawa at its regular meeting at the Pinawa Municipal Office, 36 Burrows Road on the 12th day of June, 2018 at 6:00 p.m. will consider the following general borrowing proposal:

 

The replacement of various sections of waterline within the Townsite of Pinawa

 

The total estimated cost is $1.0M, to be funded as follows:

 

$333,333.00 Federal Funding

$333,333.00 Provincial Funding

$333,334.00 to be funded by borrowing

 

The borrowing will be repaid over 20 years at a maximum

interest rate of 5.0% per year.

 

The annual repayment amount will be no more than $26,747.58 which will be recovered from water and sewer rates through the municipality’s utility operating fund.

 

Council will be proposing a general water utility rate increase from $2.40 per cubic meter to $4.05 per cubic meter and sewer utility rate increase from $0.55 per cubic meter to $0.70 per cubic meter. These rates are subject to a final utility rate study and Public Utilities Board (PUB) approval.

 

At this time, Council will consider this by-law for First reading

 

Further information/inquiries copies of the proposal are available at the municipal office located at 36 Burrows Road, Pinawa, MB.

 

Dated at the Local Government District of Pinawa this 31st day of May, 2018 and issued pursuant to Section 174.1 (1) of The Municipal Act.

 

Gisèle Smith, CMMA

Resident Administrator

Local Government District of Pinawa

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