Amendments for a revised regional Joint Economic Development Initiative (JEDI) are set to proceed as the two remaining municipalities of the agreement forge ahead.
At the City of Wetaskiwin’s June 26 meeting council decided to terminate its involvement in the agreement, effective Dec. 31, 2017.
This action left the the County of Wetaskiwin and the Town of Millet as the two remaining JEDI members.
“What we’re looking at after Jan. 1 is taking the agreements and revising them for the two parties,” said County of Wetaskiwin CAO Frank Coutney.
During county council’s Sept. 19 meeting councillors approved sending JEDI a letter to proceed with the with the preparation of the amended JEDI Municipal Development Cost and Revenue Sharing Master Agreement.
Coutney says how the city’s departure will affect the cost-sharing model for the remaining two parties is still under review.
JEDI is still working on the 2016 cost-share adjustment, which will dictate how it will proceed in 2018, says Coutney.
“The impression I have is both (parties) are committed to moving forward,” he added.
The Town of Millet has already provided a similar letter to JEDI. The JEDI Board is hoping to present both letters at the Sept. 28 JEDI Board meeting.
