Council has approved the use of the alternative approval process (AAP) for the borrowing of funds for three capital projects.
The report to council explains total amount looking to be borrowed is $11.4 million, split over the three projects as follows: Equipment financing $5.49 million, Stormwater system renewal $2.62 million and Civic Centre’s building automation system (BAS) and chiller renewal $3.26 million.
The AAP is scheduled to take place over April and May and more details about how to participate will be publicised closer to the time.