# Bylaw No. 1631 – Bear Mountain Parkway Extension Loan Authorization Bylaw No. 1631, 2016

Meeting: Regular Council — April 18, 2016

Canonical HTML: [Open Langford](<https://openlangford.ca/meetings/2016-04-18-regular-council/documents/4563>)

Meeting record updated: 2026-10-19T04:03:23.064051+00:00

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Source: [20160418-Agenda-Package-Re-Rvsd](<https://langford.ca/wp-content/uploads/2021/05/20160418-Agenda-Package-Re-Rvsd.pdf>)

Source pages: 80–80

## AI-processed summary

Loan Authorization Bylaw No.1631 to permit borrowing (up to $5 million) to fund the Bear Mountain Parkway Extension project.

## Extracted text

### CITY OF LANGFORD

Source pages: 80–80

## CITY OF LANGFORD

### BYLAW NO. 1631, 2016

Source pages: 80–80

## BYLAW NO. 1631, 2016

### A BYLAW TO AUTHORIZE BORROWING FOR THE BEAR MOUNTAIN PARKWAY EXTENSION LOCAL AREA

WHEREAS

A.
The City of Langford has adopted the Bear Mountain Parkway Extension Local Area
Service Establishment Bylaw No. 1630, 2016 to authorize the extension of Bear Mountain
Parkway, together with associated and consequential highway improvements;

B.
The Bear Mountain Parkway Extension Local Area Service was initiated by a petition of
the owners in the area of the proposed highway; and

C.
The petition proposes that the City borrow for the local area service.

NOW THEREFORE the City of Langford, in open meeting assembled, enacts as follows:

### Citation
1.
This bylaw may be cited as Bear Mountain Parkway Extension Loan Authorization Bylaw
No. 1631, 2016.

### Authorization to Borrow
2.
The City of Langford is hereby authorized to borrow up to $5,000,000 for the purpose of
providing highway works to construct Bear Mountain Parkway from the intersection of
Leigh and McCallum Roads north to the existing Bear Mountain Parkway at plan
VIS6323 together with associated and consequential highway improvements

### Allocation of Amount Borrowed
3.
The entire amount referred to in section 2 is allocated to the purpose described in that
section.

### Maximum Term for Debentures
4.
The maximum term for which debentures may be issued is 15 years.

READ A FIRST TIME this
day of  , 2016

READ A SECOND TIME this
day of  , 2016.

READ A THIRD TIME this
 day of
, 2016.

APPROVAL of the Inspector of Municipalities obtained this  day of
, 2016

ADOPTED this
  day of
, 2016

_________________________


__________________________
PRESIDING MEMBER


CORPORATE OFFICER