PUBLIC NOTICE: INTENT TO BORROW

City Council will be considering a report from the Administration at its meeting to be held on Monday, March 22, 2010 at 7.00 p.m., Council Chambers, City Hall recommending that City Council authorize borrowing to finance the following projects approved, in principle, through capital budgets and capital plans:

1. up to $60,000,000 for Circle Drive South River Crossing (Capital Project 993) to finance the construction of the roadways and bridge for Circle Drive South;
   
   
2. an additional $8,100,000 (up to $39,000,000) for the Water Treatment New Intake Facility (Capital Project 1208), to finance the additional budgeted expansion of the Ave H water reservoir;
   
   
3. up to $53,000 for Waste Water Lift Station Upgrades (Capital Project 1243) to finance the upgrade of sanitary sewers throughout the city;
   
   
4. up to $4,000,000 for the Waste Water Treatment Plant Primary Digestion Process Update (Capital Project 1248) to finance the design and installation of a new mixing system at the Wastewater Treatment Plant;
   
   
5. an additional $13,000,000 for the Destination Centre (Capital Project 1786), to finance the design and construction of Destination Centre at River Landing;
   
   
6. up to $3,000,000 for the Water Treatment Plant High Lift Pump Station Upgrade (Capital Project 2193) to finance the design and construction of a new High Lift Pump Station at the Water Treatment Plant;
   
   
7. up to $13,400,000 for the Water Reservoir Expansion (Capital Project 2198), to finance the expansion of the Ave H water reservoir;
   
   
8. up to $760,000 for the Gordon Howe Campsite Electrical Upgrade (Capital Project 2358), to finance the upgrade of the electrical services at the Campground;
   
   
9. up to $1,400,000 for the Automated Irrigation Management System (Capital Project 1630), to finance the purchase and installation of a centralized irrigation management system for City parks.
   
   

The Cities Act and City Council Policy C01-021 “Public Notice Policy” require that City Council give public notice before borrowing money, lending money or guaranteeing the repayment of a loan.

City Council has authorized an allowable 10% variance on the borrowing requirements for each project identified. Any variance greater than 10% of the borrowing amount identified must be reported to City Council.

For more information, contact the City Clerk's Office: 975-3240