CITY OF MORDEN
PUBLIC NOTICE
REGARDING GENERAL BORROWING BY-LAW NO. 27-2025
TO PAY FOR THE INDUSTRIAL PARK PHASE 1 EXPANSION PROJECT
Council of the City of Morden at its regular meeting in the Council Chamber, Civic Center, 100-195 Stephen Street on September 22nd 2025 at 7:15 p.m. will consider the following proposal to borrow $ 2,063,000.00 (Borrowing by-law 27-2025) to pay for:
The Industrial Park Phase I Expansion Project
The total estimated cost of the expansion project is $2,063,000 to be funded by borrowing
The borrowing will be repaid over five (5) years with an estimated interest rate of 5.10% per annum
The annual repayment amount will be no more than $477,818.96 which will be funded by sale of lots or reserve fund.
Copies of the proposal to borrow and information about the capital project are available at the City office at 100-195 Stephen Street and on the City website at: www.morden.ca
Dated at the City of Morden this the 4th of September, 2025, and issued pursuant to Section 174.1(1) of The Municipal Act.
Nicole Reidle
City Manager
City of Morden
204-822-4434
