The Town of Morinville could be cutting it close with their debt limit.
 
Council passed first reading on a $22 million borrowing bylaw, to ensure funds for the community recreation facility.
 
"What we have to do as a council is ensure there's fund available for this important project and what was laid out in first reading was our worst case situation," said mayor Barry Turner.
 
Morinville does have over $2.3 million in debt already, so if approved, the bylaw could put the town close to their self-imposed debt limit of $25.1 million.
 
The legal debt limit for Morinville is set at $29.6 million.
 
"What our plan for the project partially hinges on is our effort to raise funds through grant funding and sponsorships," added Turner.
 
Phase one of the recreation centre will include an arena, field house, fitness room and track. It is expected to open in the spring of 2019.
 
 
 

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