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Council goes to alternative approval process to borrow $30 million for capital projects

Council approved the first three readings and authorized an alternative approval process (AAP) for several capital projects, including:

  • Equipment financing – $4,086,000
  • Stormwater system renewal – $2,500,000
  • CN Centre building envelope renewal – $15,860,000
  • Memorial Park Cemetery expansion – $5,150,000
  • Civic facilities roof replacements – $2,450,000

The total value of these projects is approximately $30 million. Council previously approved them during last month’s budget meetings as part of the 2026–2030 Five-Year Capital Financial Plan, with funding identified through MFA debt and lease proceeds.

The report to council explains the proposed AAP timeframe is April 28 to June 2. Local governments must obtain elector approval for long-term borrowing. The AAP allows eligible voters to submit response forms opposing the borrowing. If 10 per cent or more of eligible voters submit forms, the City must proceed to a referendum

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