Notice is hereby given to eligible electors in the Regional District of Nanaimo, that the Board intends to adopt "Regional Library Capital Financing Service Loan Authorization Bylaw No. 1673, 2013". If adopted, Bylaw No. 1673 will authorize the RDN to borrow up to $9.5 million and to enter into an Indebtedness Agreement with the Vancouver Island Regional Library, for the purpose of lending $9.5 million to the VIRL, to enable the VIRL to purchase the Downtown Harbourfront Library building located at 90 Commercial Street in Nanaimo, BC.
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