Town of Kindersley and Junior Klippers have reached an agreement to
assist the local hockey franchise pay its outstanding debt to the Town.
Klippers will dedicate a minimum of $500 of the proceeds from every
gate toward re-payment of the debt, which totals $80,585.61. This
schedule, combined with other creative fundraising initiatives, should
allow the organization to complete re-payment within three years.
president Mark Elliott says the agreement allows the team to focus on
strengthening its season ticket base while setting a reasonable timeline
to get solid financial footing.
“We have a plan in place and are moving forward but the Klippers need the community behind them to keep the team here.”
Elliott adds that the Klippers had not requested the debt to be forgiven, but were asking for a reasonable repayment schedule.
Town supports, in principle, the repayment schedule proposed by the
Junior Klippers. A formal resolution will be presented to Council for
approval at the August 12 Regular Meeting of Council.
(Nathan can be reached at firstname.lastname@example.org)