St. Albert city council passed first reading on a $20.5 million borrowing bylaw on July 4 for the next phase of the ongoing St. Albert Trail improvement project.
City council was presented with a few different options for how to move forward with the next phase of road improvements on St. Albert Trail this week, which could cost as much as $16.2 million.
As part of St. Albert city council's long-term debt strategy meeting with senior financial services staff last week, council was presented with an updated list of project charters that will likely require debt financing.