At the January 10th, 2022 Regular (Afternoon) Council meeting, Council gave the first three readings to Loan Authorization (Giants Head Road Upgrade) Bylaw No. 2022-005. The purpose of the bylaw is to borrow an amount not to exceed six million four hundred sixty-four thousand five hundred dollars ($6,464,500) to finance the cost of the Giants Head Road Upgrades that will be repaid over a period not to exceed twenty-five (25) years.
As part of this process, Council is required to obtain the approval of the electors.
Click here to learn more about this process.