Notice of Intention to Borrow

No longer on display. Expired on 19 June 2023, 12:01 AM

Self-Supporting Loan, Broome Surf Life Saving Club (BSLSC)

Notice is hereby given that Council has resolved at the Ordinary Council Meeting held on March 30, 2023 to borrow funds from the WA Treasury Corporation on behalf of the BSLSC as follows:

  • Loan Amount: Maximum $1,000,000
  • Term: 16 Years
  • Repayments: First year interest only followed by 15 years of semi-annual principal and interest payments.
  • Purpose: To assist with the BSLSC redevelopment project.

In accordance with the Loan and Lease Agreements between the Shire of Broome and the BSLSC, the BSLSC will be responsible for all loan repayments, including any applicable loan fees and charges.

Under section 6.20(2) of the Local Government Act 1995, one month’s local public notice of this proposal is hereby given.

Please call 9191 3456 or email shire@broome.wa.gov.au for further information.

SAM MASTROLEMBO
CHIEF EXECUTIVE OFFICER

 

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