Public Notice: Borrowing By-Law 2025-1
RURAL MUNICIPALITY OF OAKVIEW
PUBLIC NOTICE
REGARDING GENERAL BORROWING BY-LAW NO. 2025-1
FOR THE PURCHASE OF LAND FOR MINING AGGREGATE
FOR MUNICIPAL PURPOSES.
The Council of the Rural Municipality of Oakview at its regular meeting in the Council Chamber, 435 3rd Avenue, Rapid City, MB on Tuesday, April 22, 2025 at 9:15 a.m. will consider the following proposal to borrow $750,000.00 (borrowing by-law no. 2025-1) to pay for:
The purchase of land for mining aggregate for municipal purposes.
The total cost of the purchase is $750,000.00, to be funded as follows:
$750,000.00 to be funded by borrowing
The borrowing will be repaid over 10 years at a maximum interest rate of 6.325% per year
The annual repayment amount will be no more than $103,475.78 to be levied annually
as part of the general municipal levy.
Copies of the proposal to borrow and information about the capital project are available
on the municipal website at: www.rmofoakview.ca or at the municipal office at 10 Cochrane Street in Oak River, MB or the satellite office at 435 3rd Avenue in Rapid City. Office hours 8:30 a.m. to noon and 1 p.m. to 4:30 p.m. Monday to Friday.
To ensure adequate space, we kindly ask that you register your attendance at 204-566-2146 or via email to info@rmofoakview.ca.
Dated at the RM of Oakview this 7th day of April, 2025, and issued pursuant to Section 174.1(1) of The Municipal Act.
Mark Humphries
Chief Administrative Officer
Rural Municipality of Oakview
Phone: (204) 566-2146