LSAC COUNCIL WANTS TO RUN BUSINESS
Why was the question of Debt Limit and Total Debt to Date an important question to ask the Councillors? Because we only have so much borrowing power, and if wasted on ill thought out plans of grandiose in Establishing not one, but two "FOR PROFIT" Corporations, then there will be limited borrowing for necessities such as Roads, Bridges, and lets not forget, the repairs in the thousands (perhaps hundreds of thousands) of dollars for the County Office Building.
We want it to be known that if we find that the first stated $4 million and then restated or corrected $5 million quoted by two councillors as current total debt is found to be erroneously wrong then perhaps we should file a complaint under section 275 of the Municipal Government Act. This total debt, according to the CAO, does not include any borrowing bylaws passed but not expended yet and the debt shown on the financials does not reflect the actual borrowing bylaws passed by council as it does not show short term borrowing in that figure.
At the April 25th LSAC Council meeting were told by CAO, CFO and a Councillor that they would provide us a list all the borrowing bylaws for the past 5 years that were passed, allocated but perhaps not utilized yet. Hopefully they do not give us a chart again with TBD's (to be determined) throughout as was provided by them to us in one of our requests for this information.
Civil liability of councillors 275
(1) When a municipality makes a borrowing, loan or guarantees the repayment of a loan that causes the municipality to exceed its debt limit, a councillor who voted for the bylaw authorizing the borrowing, loan or guarantee is liable to the municipality for the amount borrowed, loaned or guaranteed, unless the borrowing, loan or guarantee has been approved by the Minister.
(2) If subsection (1) applies to more than one councillor in respect of a bylaw, the councillors are jointly and severally liable to the municipality for the amount borrowed, loaned or guaranteed under the bylaw.
(3) The liability may be enforced by action by RSA 2000 Section 275.1 Chapter M-26 MUNICIPAL GOVERNMENT ACT 156
(a) the municipality,
(b) an elector or taxpayer of the municipality, or
(c) a person who holds a security under a borrowing made by the municipality. 1994 cM-26.1 s275
When looking at the Total Debt given to us in October of this past year it shows much more than $5,000,000 approved total debt and what it doesn’t show is equally if not more as concerning.. It does not show the total debt for Bridges, Total debt for and over-expenditures for Paddle River Campground, Total debt and over-expenditures for township road 544 and the list goes on and on and on. It's okay to go over budget by $150,000 for a glorious campground, owned and operated and COMPETING against their own commercial residents. It's okay to go over budget by $135,000 on township road 544… it's okay to go over by $300,000 in just two projects alone.
The spending of your Past and CURRENT Council is overwhelming. They continue to be frivolous because THEY CAN!!! It’s time to reign it all in and Stop the BORROWING and Decrease the TOTAL DEBT.
- Country Automotive Specialists Ltd. 5301 Ste. Anne Trail Onoway 780 967-2218
- Chris 780 940-6790 Division 1 Onoway
- Alice 780 785-2167 Division 4 Cherhill / Sangudo
- Lisa 780 8924749 Division 4 Darwell
- Leann 780 916-6919 Division 5 Alberta Beach / West Cove
- Anita 780 892-0104 Division 5 Warwa Estates Area
- Lucille 780 967-3164 Division 3 Rich Valley Area
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