Where Would You Like To See Vegetation Planted In Drumheller?

Monetary Questions

Regarding the loan of $5M for the Town's share of flood mitigation money, is this is a one time loan for a total of $5M and what is the term?

It will be a loan for $5M total but could be made up of 2-3 different loans totally the $5M, depending on the timing required for the money.

Regarding the loan of $5M for the Town's share of flood mitigation money, what is the interest rate for the loan?

We don’t know the rates yet as we haven’t applied to borrow the money and the rates change. We cannot borrow the funds until we receive 3 readings of the bylaws.

Regarding the loan of $5M for the Town's share of flood mitigation money, has this loan been advertised for 2 consecutive weeks as per the communications strategy section 606(2)(a) of the Municipal Government Act?

The first ad was published on June 29, 2022, and the second is slated for July 6, 2022. Both ads are advertised in the Drumheller Mail as per the MGA requirements.