City of Regina City Council Agenda May 2026
City adjusts REAL funding for Brandt campus proposal
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Description
City Council is considering budgetary and transactional approvals involving Regina Exhibition Association Limited to facilitate the proposed sale and lease of REAL campus assets to Brandt Properties Ltd. The action would redirect a portion of REAL’s 2026 operating funds, authorize up to $300,000 from the Land Development Reserve for transaction costs, and return net sale proceeds to the reserve while directing REAL to implement the proposal.
Contract Details
Contract Amount
Up to $300,000 in interim transaction-related and closing costs; redirected portion of 2026 budget allocation; all net sale proceeds to Land Development Reserve
Vendor
REGINA EXHIBITION ASSOCIATION LIMITED
Agency
City of Regina, Canada
Contract Type
FACILITIES
Document Date
May 5, 2026
Contract Term
Costs incurred and payable in 2026; timing tied to final closing dates and operating cost adjustment payments
Renewal Info
Authorization relates to 2026 budgeted funds and one-time transfers for transaction and closing costs; ongoing or renewal terms are not specified.
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