City of Red Deer aims to amend four borrowing bylaws
Borrowing bylaws to be amended in order to avoid potential project delays
Source: reddeeradvocate.com
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Borrowing bylaws to be amended in order to avoid potential project delays
Operating reserves will have to be replenished over next four years
$1.5-million loan now forgiven
A $1 million “line of credit” to Westerner Park was approved on Monday by Red Deer city council.
It was an ‘unusual’ arrangement that had no success of repayment, council heard