Town of Bonnyville Minutes Regular Council Meeting 2026-04-28
Town Updates Temporary Borrowing Terms With ATB Financial
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Description
The Town of Bonnyville approved an amendment to its Temporary Borrowing Bylaw with ATB Financial, authorizing a $2.5 million revolving line of credit and a $79,500 Mastercard facility with specified maximum interest rates. The changes clarify interest provisions while maintaining the overall borrowing limit for operational needs.
Contract Details
Contract Amount
$2,500,000.00 revolving line of credit; $79,500.00 ATB Mastercard facility
Vendor
ATB FINANCIAL
Agency
Town of Bonnyville, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2026
Renewal Info
Temporary borrowing bylaw is approved annually; this amendment clarifies interest rate terms for the 2026 borrowing authority but does not specify maturity dates for the credit facilities.
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