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Town of Vegreville to Provide $75,000 Loan for Skate and Bike Park

Town of Vegreville to Provide $75,000 Loan for Skate and Bike Park

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.

Conceptual drawings of the proposed skate and bike park.

(Rotary Club of Vegreville/Submitted)

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.

Conceptual drawings of the proposed skate and bike park.

(Rotary Club of Vegreville/Submitted)

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.

Conceptual drawings of the proposed skate and bike park.

(Rotary Club of Vegreville/Submitted)

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