City of Fort Saskatchewan Regular Council Meeting Minutes April 2026
City approves 0% loan to Golf & Curling Club
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Description
The City of Fort Saskatchewan approved a 0% interest loan to the Fort Saskatchewan Golf & Curling Club to cover 50% of the costs to repair the irrigation pond on City golf course lands. The City will fund the remaining 50% from reserves, manage the project, and set the Club’s land lease rent at $10 annually for the duration of the up-to-10-year loan term.
Contract Details
Vendor
FORT SASKATCHEWAN GOLF & CURLING CLUB
Agency
City of Fort Saskatchewan, Canada
Contract Type
OTHER
Document Date
April 28, 2026
Contract Term
Loan agreement with a term up to 10 years; annual land lease rent set at $10 for duration of loan
Renewal Info
Loan agreement to recover 50% of project costs, including project management fees, from the Club over a term of up to 10 years at 0% interest; associated Land Lease Agreement rent fixed at $10 annually for the duration of the loan.
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