VILLAGE OF RYCROFT
BORROWING BYLAW FOR EAST SIDE ROAD PAVEMENT PROJECT
At the Regular Council Meeting on November 21, 2023, Council gave first reading to Borrowing Bylaw 241-23, a bylaw of the Village of Rycroft to incur indebtedness by the issuance of debenture(s) in the amount of one million, six hundred thousand dollars ($1,600,000) for the purpose of completing the east side road paving project.
Plans and specifications have been prepared and the total cost of the project is estimated to be Four million, seven hundred thousand dollars ($4,700,000), half of which was completed in 2023. The Municipality estimates the following grants and contributions will be applied to the project:
Capital Reserves $2,200,000
Provincial Grants $ 900,000
Total Costs $4,700,000
The First Reading of the Borrowing Bylaw 241-23 is in the Regular Council Meeting Agenda item 9.1 here
The Approved Local Improvement Tax Bylaw 240-23 is here
Details for this and other Village business are available on the website at www.rycroft.ca and at the Village Office located at 4703 – 51 street in Rycroft, Alberta during regular business hours.
Municipal Government Act Section 231 notes that any petition against the Borrowing Bylaw must be received within 15 days after the last date of its advertisement (December 20, 2023).
Paving Project Letter to Residents and Business Owners Nov 23