RM of Emerson-Franklin Council Meeting Minutes April 2026
RM Approves $2.2M Tax-Secured Loan Facility
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Description
The RM of Emerson-Franklin Council approved borrowing up to $2.2 million from Access Credit Union for 2026 expenditures, secured by current-year taxes. The borrowing will be repaid with interest from taxes levied and collected in 2026.
Contract Details
Contract Amount
$2,200,000.00
Vendor
ACCESS CREDIT UNION
Agency
RM of Emerson-Franklin, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
April 14, 2026
Contract Term
Year 2026 (loan repayable from 2026 taxes)
Renewal Date
2026-12-31
Renewal Info
Single-year tax-anticipation style borrowing for 2026; repayable from 2026 taxes with no ongoing renewal terms stated.
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