High River Broadband (Fibre) Project

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BROADBAND FINANCES CONCLUDED

On Tuesday, October 15, 2019, Town Council approved a motion to repay the Broadband Project debenture to Alberta Capital Finance Authority (ACFA) with the principal outstanding amount of $483,451.92, plus any early pay out penalty and the accrued interest. The broadband project was cancelled on September 9, 2019 due to prohibitive costs. The full amount will be repaid in October 2019, concluding all broadband activities and discussions.