Cold Lake city council has taken the first step toward bringing MRI services to the community, approving first reading of a borrowing bylaw to finance the purchase of a new machine.
Bylaw 903-FN-26 would allow the City to borrow $1.75 million through a debenture to purchase Magnetic Resonance Imaging (MRI) equipment in partnership with CGA Medical Imaging.
The bylaw must pass three readings before borrowing can proceed, with the first reading allowing the City to proceed with the required public notification under provincial legislation.
Bringing MRI services closer to home
Administration said the investment is intended to improve access to diagnostic healthcare in the region, where residents currently have limited options.
“There is currently no MRI available in the City of Cold Lake, or Lakeland area,” administration noted.
At present, residents must rely on a mobile MRI unit with limited availability or travel to larger centres like Edmonton for scans.
“By securing this MRI equipment, patients will be able to receive essential imaging services locally, improving access to necessary healthcare,” administration said.
Partnership and long-term investment
The MRI would be acquired through a partnership with CGA Medical Imaging, with details to be formalized in an agreement outlining operations and repayment terms.
The borrowing would be repaid over up to 10 years, with the City responsible for servicing the debt through municipal revenues.
Administration confirmed the project falls within the City’s legislated debt limits.
“As such, the proposed borrowing is within the City’s debt limit,” the report states.
What happens next
With the first reading complete, the City will now proceed to advertise the bylaw, as required under the Municipal Government Act, before returning to council for the second and third readings.
If approved, the MRI unit is expected to be purchased in 2026.
The project is part of the City’s approved 2026 capital budget and aims to improve healthcare access while reducing the need for residents to travel outside the region for diagnostic services.
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Cold Lake Advances $1.75M Borrowing Bylaw for MRI Equipment
Cold Lake city council has taken the first step toward bringing MRI services to the community, approving first reading of a borrowing bylaw to finance the purchase of a new machine.
Bylaw 903-FN-26 would allow the City to borrow $1.75 million through a debenture to purchase Magnetic Resonance Imaging (MRI) equipment in partnership with CGA Medical Imaging.
The bylaw must pass three readings before borrowing can proceed, with the first reading allowing the City to proceed with the required public notification under provincial legislation.
Bringing MRI services closer to home
Administration said the investment is intended to improve access to diagnostic healthcare in the region, where residents currently have limited options.
“There is currently no MRI available in the City of Cold Lake, or Lakeland area,” administration noted.
At present, residents must rely on a mobile MRI unit with limited availability or travel to larger centres like Edmonton for scans.
“By securing this MRI equipment, patients will be able to receive essential imaging services locally, improving access to necessary healthcare,” administration said.
Partnership and long-term investment
The MRI would be acquired through a partnership with CGA Medical Imaging, with details to be formalized in an agreement outlining operations and repayment terms.
The borrowing would be repaid over up to 10 years, with the City responsible for servicing the debt through municipal revenues.
Administration confirmed the project falls within the City’s legislated debt limits.
“As such, the proposed borrowing is within the City’s debt limit,” the report states.
What happens next
With the first reading complete, the City will now proceed to advertise the bylaw, as required under the Municipal Government Act, before returning to council for the second and third readings.
If approved, the MRI unit is expected to be purchased in 2026.
The project is part of the City’s approved 2026 capital budget and aims to improve healthcare access while reducing the need for residents to travel outside the region for diagnostic services.
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