Medicine Hat Minute: Crypto Future, Theatre Interest, and Co-op Bounces Back

Medicine Hat Minute - Your weekly one-minute summary of Medicine Hat politics

This Week In Medicine Hat:

• City Council is set to get down to business with two meetings scheduled for this week.
  
  
• Today, there will be a Regular City Council meeting at 6:30 pm. Council will begin this meeting in-camera, receiving several reports out of view of the public. Once Council reverts back to open meeting, they will receive more reports from multiple committees and a presentation from the Director of Finance on the Property Tax Principles and Administrative Guidelines.
  
  
• On Wednesday, there will be a meeting of the Audit Committee at 3:45 pm but no agenda is posted for this meeting yet.

Last Week In Medicine Hat:

• City officials say they have received eight expressions of interest regarding the historic Monarch Theatre. With such a large number of interested parties, the City has now begun going through the submissions and are encouraged by several of the proposed ideas for the facility. It will be interesting to see what direction the City ultimately decides to go in.
  
  
• The City of Medicine Hat’s power company said they may not be willing to accommodate new major contracts to power cryptocurrency operations without ‘substantial guarantees’. The City is reluctant to permit new parties onto the grid that might block off power supplies from other businesses, particularly in the absence of a long-term, take-or-pay supply contract. According to the City, taking on any major power contracts could mean the need to consider a third power plant expansion in just five years.
  
  
• At its virtual Annual General Meeting Monday night, South Country Co-op revealed that 2021 was a bounce-back year. The retailer posted sales of over half a billion dollars for the first time since before the pandemic. Shareholders were pleased with the news as the co-operative provided a $17.9 million dividend to 63,000 members, a 50% increase over last year.

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