Title
Regional District Wide AAP for Bylaw 4552 - Land Assembly, Housing and Land Banking Loan Authorization Bylaw No. 3, 2023
Recommendation
1. That elector approval for long-term borrowing under Bylaw No. 4552 be obtained by alternative approval process for the entire service area, as per section 345 of the Local Government Act;
(NWA, 2/3 on region wide AAP)
2. That third reading of Bylaw No. 4552, “Land Assembly, Housing and Land Banking Loan Authorization Bylaw No. 3, 2023,” be rescinded;
(WA)
3. That Bylaw No. 4552 be amended by replacing in its entirety Whereas Clause E with the following:
“E. Pursuant to section 407 of the Local Government Act, participating area approval is required for this borrowing and shall be obtained by alternative approval process for the entire service area under section 345 of the Local Government Act; and,”
(NWA)
4. That Bylaw No. 4552 be read a third time as amended;
(WA)
5. That Bylaw No. 4552 as amended be referred to the Inspector of Municipalities.
(NWA)