Township of Edwardsburgh Cardinal Special Meeting Agenda April 2026
Township Approves RBC Financing for Land Bank Purchase
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Description
The Township of Edwardsburgh Cardinal authorized its Treasurer to arrange up to $7,692,121.20 in short- and long-term borrowing from the Royal Bank of Canada to finance the purchase of the Edwardsburgh Land Bank. The resolution also empowers execution of all necessary borrowing agreements related to this financing.
Contract Details
Contract Amount
up to a total of $7,692,121.20
Vendor
ROYAL BANK OF CANADA
Agency
Township of Edwardsburgh/Cardinal, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
April 23, 2026
Contract Term
short term and long-term borrowing, closing date ______, 2026
Renewal Info
Borrowing covers both short-term and long-term debt for the Edwardsburgh Land Bank acquisition; specific amortization and renewal terms are not stated in the resolution.
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