Date Set for Alternate Approval Process
By 250 News
It is set, 5p.m. May 14th. That is the deadline for signing a petition that would prevent the City of Prince George from borrowing money on three separate bylaws.
In total, the loans hit $7.179 million,
Here is the breakdown:
General Loan Authorization bylaw:
This would allow the City to borrow up to $1,216,000 for assembling land, rights of ways, easements, licenses etc associated with the Cemetery Mausoleum. It would also allow the City to borrow up to $2,302,000 for acquiring “such real property, easements, rights of way, licenses, rights or authorities as may be requisite or desirable for or in connection with the Road Rehabilitation projects.” (that is for the 2006 road rehab projects)
Sewar Loan Authorization Bylaw :
Would give City permission to borrow up to $650 thousand to purchase property easements ets linked with the Waste Water Treatment Centre Micronex, and a further $70 thousand for rights of ways and easements for the City’s Waste Water Treatment Centre Asset Management plan.
Water Loan Authorization Bylaw:
Allows City to borrow up to $265 thousand for purchase of property and rights of ways for the BCR -Danson Water supply project. It also allows the City to borrow up to $2,676,225 for the purchase of properties etc for the water main line to Ferry Avenue.
If residents don’t want any of the bylaws to pass, they must sign the petition at City Hall. Each petition needs to be signed by 10% of the electorate, (5535) in order to be rejected.
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