Devon uncertain whether borrowing limit will be increased

The town aims to up its borrowing limit to fund a new rec centre and install utilities in the undeveloped area near Highway 60.

It is still uncertain whether the Town of Devon will be able to increase its borrowing limit to develop the area west of Highway 60.

This comes after Alberta’s Minister of Municipal Affairs expressed through a letter to council that he was not able to come to a decision on the matter.

The original plan was to raise the town’s borrowing limit to fund a new rec centre and install utilities in the undeveloped area.

Devon’s Chief Administrative Officer, Tony Kulbisky,  says the Minister did not take a stance on the matter for two main reasons. The first being that the town had no confirmation on $7.2 million that it had requested from the federal government. He says this would’ve likely helped the town’s chances of getting approval from Municipal Affairs. The second part was due to the community being split on whether the town should borrow more money in the first place.

Kulbisky says it comes down to residents not wanting to risk further debt and a disagreement on exactly what should be included in the rec centre.

The town is now onto plan ‘B', which will be to bring-in water, sewer, and gas utilities to the site in the meantime. Kulbisky says it may take until the April 16 provincial election before the town will hear any updates from the province. 

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