Borrowing bylaw information

Borrowing Bylaw

Cold Lake City Council proposes to pass the following bylaws to increase the authorized borrowing by $12,250,000 to finance the construction of Storm Water Pond 133A, expansion of the CL Medical Clinic, and increase borrowing for the Public Works Operations Centre Phase 1. To date $18,000,000 in borrowing has been authorized for the construction of the Public Works Operations Centre (Bylaw 733-FN-22 and Bylaw 765-FN-22). For more information regarding these bylaws, contact legislative@coldlake.com.

Proposed Bylaw	Capital Project	Borrowing Amount
871-FN-25	Storm Water Pond 133A	$3,500,000
872-FN-25	CL Medical Clinic Expansion	$3,750,000
873-FN-25	Public Works Operations Centre Phase 1	Additional $5,000,000

Electors may submit a separate petition with respect to each advertised bylaw calling for a vote of the electors to determine whether the proposed bylaw should be passed. The petition must meet the formal requirements of Sections 221-226 of the Municipal Government Act and be filed with Legislative Services within 15 days after the last date the proposed bylaw is advertised. The last date of advertisement for this bylaw is April 22, 2025. Any petition will be public information. If you have any questions regarding the petition process or the use of the petition, please contact the Legislative Services Manager at 780-594-4494.