Part 8 — Financial Administration
263 Local improvements
of financing the cost of a local improvement to be funded in whole
or in part by a local improvement tax.
(2) The borrowing bylaw that authorizes the borrowing does not
have to be advertised if the amount to be financed by the local
improvement tax to pay for the local improvement is equal to or
greater than the amount that the municipality will contribute to pay
for the local improvement other than through the local
improvement tax.
(3) For the purpose of calculating the amount that the municipality
will contribute referred to in subsection (2), the amount does not
include any financial assistance the municipality receives for the
local improvement from a government, government agency,
corporation or individual.
1994 cM-26.1 s263