FACILITIESAPPROVED

City of Regina Council Meeting Agenda May 20 2026

REAL directed to implement Brandt campus transaction

up to $300,000 in interim transaction-related and closing costs in 2026; redirection of a portion of 2026 budget allocation; all net sale proceeds to Land Development ReserveCity of ReginaREGINA EXHIBITION ASSOCIATION LIMITEDMay 20, 2026

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Description

Regina City Council approved financial and procedural measures involving Regina Exhibition Association Limited to support the sale and lease of portions of the REAL campus to Brandt Properties Ltd. The action redirects part of REAL’s 2026 budget allocation, covers up to $300,000 in transaction costs, transfers sale proceeds to the Land Development Reserve, and directs REAL to implement the proposal with indemnities for its directors.

Contract Details

Contract Amount

up to $300,000 in interim transaction-related and closing costs in 2026; redirection of a 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 20, 2026

Contract Term

Not specified; linked to closing of the Brandt Master Purchase Agreement in 2026

Renewal Info

The redirected funding and transaction cost coverage are tied to 2026 and the closing of the Master Purchase Agreement; no ongoing renewal terms are described.

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