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Posted: February 17, 2021

Village gets green light to adopt borrowing bylaws

The Village of Canal Flats will proceed with adopting two bylaws approving the borrowing of up to $950,000 to enact waste treatment infrastructure upgrades.

The village reported this morning that the final results of council’s petition against are in and both proposed bylaws have passed the public response period, which closed Feb. 16.

Bylaw No. 233 – a bylaw to authorize borrowing up to $250,000 to fund the village’s portion of a $913,000 grant application to rebuild the sewage lagoons in Canal Flats: Opposition forms received from 41 properties with a total assessed value of $8,703,900. This is out of a total of 494 properties (comprising the whole Canal Flats Sewer Service Area) with a total assessment of $102,280,700.

Bylaw No. 234 – a bylaw to authorize borrowing up to $700,000 to replace lift station #1 in Canal Flats: Opposition forms received from 37 properties with a total assessed value of $7,548,200. This is out of a total of 494 properties (comprising the whole Canal Flats Sewer Service Area) with a total assessment of $102,280,700, the village noted on social media.

“In order to defeat either of the bylaws, 247 properties with a total assessed value greater than $51,140,350 would have had to have submitted opposition forms by the deadline,” the village explained.

“The bylaws will go to an upcoming council meeting for adoption,” the village concluded.

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