THAT Council approves borrowing from the Municipal Finance Authority of British Columbia (MFA), as part of their 2025 Spring Borrowing Session, $11,000,000 as authorized through the City of West Kelowna Loan Authorization Bylaw No. 0272, 2020;
AND THAT Regional District Central Okanagan (RDCO) be requested to consent to the City borrowing $11,000,000 over a 25-year term and include the borrowing in their next security issuing bylaw;
AND FURTHER THAT Council approves applying the $11,000,000 proceeds obtained through the RDCO’s Security Issuing Bylaw to offset MFA funds already received by the City through the City of West Kelowna Temporary Borrowing Bylaw No. 0290.