News Advertiser PAGE 5
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may 19, 2021
Town of Vegreville to Provide $75,000 Loan for Skate and Bike Park If you liked Gold Canyon Candles, you are gonna love Sunset Scents! They are creating candles that have a strong scent throw and the cleanest burning They are scented candles out there! the next
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Conceptual drawings of the proposed skate and bike park. (Rotary Club of Vegreville/Submitted)
Mulching Service Available HCL Site Services Ltd. Call 780-632-9723 Michelle Pinon News Advertiser Vegreville town council signed off on second and third readings of Bylaw No. 03-2021 on May 10 agreeing to provide a $75,000 loan to the Rotary Club of Vegreville to develop a Bike and Skate Park on 2.5 acres near Vegreville Composite High School. Corporate Services Director Paul Casey told council that he did not receive any correspondence regarding the bylaw during the two week that it had been advertised in the newspaper.
The rate of interest will be zero percent with a repayment term being a maximum of five years and the source of funding will be from the town’s general operating reserve. The Town of Vegreville sponsored $40,000 towards the project in January, 2020. At that time the total estimated cost of the Skate and Bike Park was pegged at $1 million. The Rotary Club of Vegreville also received a $75,000 loan to help finance the construction costs of the project from the County of Minburn.
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