District of Coldstream Council Regular Meeting Minutes April 27 2026
Council Approves $8.5M MFA Borrowing for Public Works
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Description
Council approved long-term borrowing of $8,500,000 from the Municipal Finance Authority of British Columbia to finance the Public Works Building under Bylaw No. 1808, 2022. The borrowing will be issued in the 2026 Fall Borrowing Session over a 25-year term subject to a Security Issuing Bylaw.
Contract Details
Contract Amount
$8,500,000
Vendor
MUNICIPAL FINANCE AUTHORITY OF BRITISH COLUMBIA
Agency
District of Coldstream, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Contract Term
25 year term (beginning with 2026 Fall Borrowing Session)
Renewal Date
2051-12-31
Renewal Info
This is a 25-year borrowing arrangement; renewals are not described and such loans typically run to maturity without renewal.
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