Town of Banff Agenda Regular Meeting of Council 2026-05-26
Banff Approves $6.46M Staff Housing Project with Parks Canada
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Description
The Town of Banff will finance up to $6,462,210 via borrowing in partnership with Parks Canada to develop 14 units of staff housing on Squirrel Street. The borrowing bylaw was scheduled for final approval on May 26, 2026, and the project will be repaid through rental revenue.
Contract Details
Contract Amount
$6,462,210
Vendor
PARKS CANADA
Agency
Town of Banff, Canada
Contract Type
CONSTRUCTION
Document Date
May 26, 2026
Contract Term
Not to exceed 15 years
Renewal Date
2041-06-26
Renewal Info
15-year maximum debt; repayments from staff housing rental revenue; not tax supported; bylaw final after court period ends.
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