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BYLAW NO. 12814 A Bylaw to Contract a Debt by the Issue and Sale of 1.40% Sinking Fund Debentures in the Aggregate Principal Amount of $100,000,000 for the Objects Set Out in Schedule B WHEREAS: A.
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City to consider borrowing refers to a municipality evaluating the option to take loans for funding specific projects or budgetary needs.
Municipal officers or designated financial representatives of the city are typically required to file the necessary documentation for borrowing.
To fill out city to consider borrowing, gather required financial documents, complete the borrowing application with details on the purpose and amount, and ensure all information is accurate before submission.
The purpose of city to consider borrowing is to raise funds for public projects such as infrastructure development, public services, or to meet financial shortfalls.
Information that must be reported includes the amount to be borrowed, the intended use of funds, repayment plan, and financial impact on the city's budget.
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