Bylaws Pending Approval

What you need to know:

Council gave first reading to Loan Guarantee Bylaw 2024-12 to guarantee a maximum of 35% or not more than $3,375,000 of the construction financing being taken by Canmore Community Housing (CCH) for the purposes of constructing a Vital Homes project at 205 Stewart Creek Rise. The guarantee would end once the indebtedness is repaid or by July 31, 2026, whichever is sooner.

The process for enacting guaranteeing bylaws requires that they be advertised for two weeks, and the public be given 15 days to provide comment or to petition against the proposed borrowing guarantee. To ensure a valid guaranteeing bylaw, the following process is being followed.

• First Reading May 7, 2024
• Advertising Week 1 May 9, 2024
• Advertising Week 2 May 16, 2024
• Start of the 15-Day Petition Period May 17, 2024
• End of the 15-Day Petition Period June 1, 2024
• Second and Third Readings June 4, 2024
• Valid Bylaw 30 Days after Bylaw has been Passed July 4, 2024

Petition Information

If you are looking for more information on the petition process, click here.