Village of Andrew Council Meeting Agenda Packet February 2026
Village of Andrew Approves $200,000 Credit Line from ATB Financial
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Description
The Village of Andrew approved Bylaw 2026-001, authorizing a revolving line of credit up to $200,000 with ATB Financial to manage operating cash flow needs. The facility will incur no fees unless funds are drawn, with interest set at ATB Financial Prime plus 1.00%. The bylaw is effective upon passage with a term not exceeding three years.
Contract Details
Contract Amount
Up to $200,000
Vendor
ATB FINANCIAL
Agency
Village of Andrew, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
February 25, 2026
Contract Term
Revolving line of credit, term not exceeding three years
Renewal Date
2029-02-25
Renewal Info
Not automatically renewable; new bylaw must be passed after term or for additional amount/extensions.
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