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Article content It’s a win of unspent money. City council will be asked Monday to cancel former Economic Development Fund commitments where projects have not come to fruition. We apologize, but this video has failed to load. Try refreshing your browser. Unspent money from EDF projects to be returned to city coffers Back to video The EDF was created to support job creation, increase tax assessment through investments and support economic development projects, a report to council states. The fund received an annual budget allocation of $500,000 to support those efforts. It was transitioned to a new Community Development Fund on Nov. 30, 2020, now fully in effect. That reserve fund has four streams – economic development, arts and cultural assistant, green projects and social equity.

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