Notice of Intent to Guarantee a Borrowing by Canmore Community Housing Corporation (CCHC)
The Town of Canmore intends to guarantee a borrowing by Canmore Community Housing Corporation (CCHC) for the purposes of construction of affordable housing on Lot 31, Block 2, Plan 171 0510, known as the Old Daycare Lands.
This ad notifies the public about the intent to guarantee the borrowing, outlines what the money will be used for, and identifies the process for public input.
Proposed CCHC Construction Loan Guarantee Bylaw 2017- 23
Purpose of the bylaw: To authorize the Town of Canmore to guarantee 35% or a maximum of $5,700,000 of the borrowing by Canmore Community Housing Corporation (CCHC) for the construction of affordable housing units on Lot 31, Block 2, Plan 171 0510, known as the Old Daycare Lands, for a period not to exceed the earlier of the period until the indebtedness is repaid and June 30, 2019.
To read a copy of the proposed bylaw:
How to comment:
If you wish to oblige Council to either defeat this bylaw or hold a public plebiscite, you must submit a formal petition. The petition must comply with the provisions of the Municipal Government Act of Alberta and be submitted to the Chief Administrative Officer at the Town of Canmore no later than 4:30 p.m. on Friday, May 5, 2017. To learn more about the petitioning process visit http://municipalaffairs.alberta.ca/am_petition_information_for_electors.
The borrowing guarantee bylaw received first reading on April 4, 2017. Second and third readings of the bylaw are scheduled to take place at the regular council meeting on May 16, 2017 at 5:00 pm at the Civic Centre, 902 7th Avenue.
Bylaw 2016-28 7th Street and 7th Avenue Direct Control District
The proposed Direct Control (DC) district amendment bylaw, intends to redevelop a 0.245ha (0.6 acre) parcel of land located at the corner of 7th Street and 7th Avenue, adjacent the Town Centre. The site is the current location of the Our Lady of the Rockies Parish, a single family dwelling and large parking lot, which would all be proposed for removal. In its place, a medium density multi-unit residential land use would allow for development consisting of a maximum of 40 dwelling units, 10% of which will be proposed as Perpetually Affordable Housing (PAH) units.
First reading: April 4, 2017
Public hearing: scheduled for April 25, 2017 at 6 p.m. at the Canmore Civic Centre
For more information
- What's happening on 7th and 7th?
- pdf Bylaw 2016-28 7th Street and 7th Avenue Direct Control District (514 KB)
The Public Hearing Process
To learn more about public hearing procedures visit our Public Hearings page.