Northern Rockies Regional Municipality looking to borrow $55 million

There is a sense of haste, as because the 5,000 person community only has a weekly newspaper, the necessary requirements for advertising will take two months. In a statement released by the municipality, it writes, “Unfortunately, that two months can eat heartily into the short construction season in Fort Nelson, hence the urgency for Regional Council to give the borrowing bylaw the initial readings.”
The referendum process is tentatively scheduled for June 1 or June 8, 2013, but will only go forward if the NRRMand the province formally approve a tentative infrastructure contribution agreement. The borrowing bylaw will only be adopted if approved by residents in the referendum.