Title
MFABC Equipment Financing Program Borrowing Resolution for Pender Islands Fire and Emergency Response Service
Recommendation
The Electoral Areas Committee recommends to the Capital Regional District Board:
That the following borrowing resolution be approved:
1. That the Board of the Capital Regional District authorizes up to $545,000 to be borrowed, under Section 403 of the Local Government Act, from the MFABC Equipment Financing Program, for the purchase of a fire truck for Pender Island Fire Protection and Emergency Service.
2. That the loan be repaid within five (5) years, with no rights of renewal.
(WA)