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News
    April 28, 2025

    Public Notice: 2025 Borrowing

    Home
    RM of St. Clements  /  Financial Plan News  /  Public Notice: 2025 Borrowing

    RURAL MUNICIPALITY OF ST. CLEMENTS

    PUBLIC NOTICE

    PUBLIC NOTICE is also hereby given pursuant to Subsection 174(1) of The Municipal Act that the Council of the Rural Municipality of St. Clements intends to give first reading to five (5) proposed borrowing by-laws at the Council Chambers of the R.M. of St. Clements, 1043 Kittson Road during the regular meeting of Council on Tuesday May 27th, 2025 at 2:00 p.m. following the Public Hearing.

    Following first reading, all five (5) proposed borrowing by-laws will be forwarded to the Manitoba Municipal Board for approval.  Such approval must be obtained under the Municipal Act s.176 prior to third reading and execution of the proposed by-laws.

    REGARDING GENERAL BORROWING BY-LAW 6-2025

    BEING A BY-LAW OF THE RURAL MUNICIPALITY OF ST. CLEMENTS

    TO AUTHORIZE THE EXPENDITURE AND BORROWING OF FUNDS TO COMPLETE

    CONSTRUCTION OF ROAD REMEDIATION WORKS.

    The total cost of the project is estimated at $ 3,500,000.00 and is to be fully funded by the proposed borrowing.  The net total cost of the proposed borrowing is $ 3,500,000.00 and is to be repaid over 20 years at a rate estimated for the time being at 6.00 % per annum and subject in any event to the authorization of The Municipal Board.  The annual repayment amount is estimated at $ 305,145.95 and will be levied annually as part of the general levy.

     

    REGARDING GENERAL BORROWING BY-LAW 7-2025

    BEING A BY-LAW OF THE RURAL MUNICIPALITY OF ST. CLEMENTS TO AMMEND IT’S BY-LAW 6-2018 TO AUTHORIZE THE EXPENDITURE AND BORROWING OF FUNDS TO ESTABLISH A MUNICIPAL COMMUNITY RECREATION FACILITY IN SOUTH ST. CLEMENTS.

    The total cost of the project is $ 6,500,222.50 and will include grant funding of $2,045,444.10 received through the Province of Manitoba, and additional grant funding in the amount of $2,454,778.40 through the Investing in Canada Infrastructure Program by the Government of Canada.  The net total cost of the proposed borrowing is
    $ 2,000,000.00 and is to be repaid over 20 years at a rate estimated for the time being at 6.00 % per annum and subject in any event to the authorization of The Municipal Board. The annual repayment amount is estimated at
    $ 174,369.11 and will be levied annually as part of the general levy.

     

    REGARDING GENERAL BORROWING BY-LAW 8-2025

    BEING A BY-LAW OF THE RURAL MUNICIPALITY OF ST. CLEMENTS

    TO AUTHORIZE THE EXPENDITURE AND BORROWING OF FUNDS

    TO EXPAND THE LIBAU LANDFILL FACILITY.

    The total cost of the project is estimated at $ 4,000,000.00 and will include grant funding of $ 2,000,000.00 received from the Province of Manitoba.  The total cost of the proposed borrowing is $ 2,000,000.00 and is to be repaid over 20 years at a rate estimated for the time being at 6.00 % per annum and subject in any event to the authorization of The Municipal Board. The annual repayment amount is estimated at $ 174,369.11 and will be levied annually as part of the annual solid waste tipping fees and reserve funds.

    REGARDING GENERAL BORROWING BY-LAW 9-2025

    BEING A BY-LAW OF THE RURAL MUNICIPALITY OF ST. CLEMENTS TO AMMEND IT’S BY-LAW

    8-2018 TO AUTHORIZE THE EXPENDITURE AND BORROWING OF FUNDS TO COMPLETE CONSTRUCTION & IMPROVEMENT OF WATER CONTROL WORKS.

    The total cost of the project is estimated at $ 1,525,000. The total cost of the proposed borrowing is $ 1,525,000.00 and is to be repaid over 20 years at a rate estimated for the time being at 6.00 % per annum and subject in any event to the authorization of The Municipal Board. The annual repayment amount is estimated at $ 132,956.45 and will be levied annually as part of the general levy.

    REGARDING GENERAL BORROWING BY-LAW 10-2025

    BEING A BY-LAW OF THE RURAL MUNICIPALITY OF ST. CLEMENTS

    TO AUTHORIZE THE EXPENDITURE AND BORROWING OF FUNDS TO CONSTRUCT A WATER RESERVOIR AND A RIVER PIPELINE CROSSING FOR THE SOUTH ST CLEMENTS UTILITY SYSTEM.

    The total cost of the project is estimated at $ 6,000,000.00 and will utilize $1,000,000.00 from reserve funds and include grant funding of $ 3,000,000.00 received from the Province of Manitoba.  The total cost of the proposed borrowing is $ 2,000,000.00 and is to be repaid over 20 years at a rate estimated for the time being at 6.00 % per annum and subject in any event to the authorization of The Municipal Board. The annual repayment amount is estimated at $ 174,369.11 and will be levied annually as part of annual utility buy-in, connection and consumption fees.

    Council will hear any person who wishes to make a representation, ask questions, or register an objection to the borrowing by-laws as provided. 

    Any person who has questions, needs clarification or requires further information is encouraged to contact Deepak Joshi, CAO at 482-3300.

    Copies of the proposals to borrow are available for review at the Municipal Office located at 1043 Kittson Road, East Selkirk or on our website at www.rmofstclements.com

    Dated this 28th day of April, 2025

    Deepak Joshi

    Chief Administrative Officer

    2025-Borrowing-Public-Hearings-Notices-Combined-Ad-1Download

    Filed under:

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    1043 Kittson Road
Box 2 Grp 35 RR1
    East Selkirk R0E 0M0

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