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Public Hearing Notice to Consider Proposal - March 6, 2018 at 6:00 p.m. at the Municipal Office - Borrowing By-Law No. 4294 - To Pay for the Construction of the St. Andrews Airport South Lot and Apron Expansion

Posted: 2018-02-15

 

RURAL MUNICIPALITY OF ST. ANDREWS

 

PUBLIC HEARING NOTICE

 

REGARDING GENERAL BORROWING BY-LAW NO. 4294

 

TO PAY FOR THE CONSTRUCTION OF THE ST. ANDREWS

 

AIRPORT SOUTH LOT AND APRON EXPANSION

 

The Council of the Rural Municipality of St. Andrews at a Public Hearing in the Council Chamber, Municipal Building, 500 Railway Avenue, Clandeboye, Manitoba on March 6, 2018 at 6:00 p.m. will consider the following proposal to borrow $2,300,000.00 (Borrowing By-Law No. 4294) to pay for:

The Construction of the St. Andrews Airport South Lot and Apron Expansion

The total estimated cost of the expansion is $2.3M, to be funded as follows:

$2,300,000 to be funded by borrowing, to be repaid including all required interest and principal payments, from funds generated by the operation of the St. Andrews Airport.

The borrowing will be repaid over 20 years at a maximum interest rate of 4% per year.

The annual repayment amount will be no more than $189,057 to be
paid by the St. Andrews Airport.

Copies of the draft General Borrowing By-Law No. 4294 and information about the capital project are available at the Municipal Office at 500 Railway Avenue and can also be viewed by clicking on the following links:

- Draft General Borrowing By-Law No. 4294

- St. Andrews Airport Expansion Business Plan

Dated at the Rural Municipality of St. Andrews this 15th day of February, 2018, and issued pursuant to Section 169(6) of The Municipal Act.  

Andrew Weremy
Chief Administrative Officer
Rural Municipality of St. Andrews
Phone: (204) 738-2264