According to City documentation, the Bombers have an outstanding account with the City of about $27,500. The measure, as brought forward, will see the City agree with the team to “forbear from taking steps to collecting the amount”.
The agreement comes with two conditions. First, if the Bombers have a season where they report at least $100,000 in profit at season’s end, the payment remaining with the account will need to be paid by the team to the City. Secondly, if the team is purchased by an outside group, the team and its new owners will need to pay the outstanding account out of the proceeds of the sale. A similar measure was approved by city council in the 1990s.