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Alternative Approval Process - Bylaw 1673 and Indebtedness Agreement

A Bylaw to Authorize Borrowing for the Purpose of Providing Funds to the Vancouver Island Regional Library for Capital Purposes

Notice is hereby given to eligible electors in the Regional District of Nanaimo, that the Board intends to adopt "Regional Library Capital Financing Service Loan Authorization Bylaw No. 1673, 2013". If adopted, Bylaw No. 1673 will authorize the RDN to borrow up to $9.5 million and to enter into an Indebtedness Agreement with the Vancouver Island Regional Library, for the purpose of lending $9.5 million to the VIRL, to enable the VIRL to purchase the Downtown Harbourfront Library building located at 90 Commercial Street in Nanaimo, BC.

For more information with respect to this Alternative Approval Process, or to download the Elector Response Form, please click the links below:

Please note: Only qualified electors of the Regional District of Nanaimo may respond to this Alternative Approval Process. Elector Response Forms must be received by the Corporate Officer by 4:30 pm, Tuesday April 9, 2013 at the Regional District of Nanaimo located at 6300 Hammond Bay Road, Nanaimo, BC. As original signatures are required, only Elector Response Forms returned in person or by mail will be counted. Elector Response Forms may not be returned by email or fax.