FINANCIAL_SERVICESAPPROVED

Lac La Biche County Special Council Meeting Agenda May 15 2026

County approves $32.2M debenture for Bold Centre roads

$32,241,370 + Interest $10,319,656.53 = $42,561,026.53Lac La Biche CountyALBERTA TREASURY BOARD AND FINANCEMay 15, 2026

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Description

Lac La Biche County approved Bylaw 26-006 to borrow $32,241,370 through a 15-year debenture, with total estimated repayment of $42,561,026.53, to fund the Bold Centre Road Network Project. The borrowing will be arranged through Alberta Treasury Board and Finance under the County’s Master Loan Agreement.

Contract Details

Contract Amount

$32,241,370 + Interest $10,319,656.53 = $42,561,026.53

Vendor

ALBERTA TREASURY BOARD AND FINANCE

Agency

Lac La Biche County, Canada

Contract Type

FINANCIAL_SERVICES

Document Date

May 15, 2026

Contract Term

Up to 15 years; semi-annual or annual payments; interest estimated at 4.13%, not to exceed 8%

Renewal Date

2041-06-30

Renewal Info

Debenture carries a fixed interest rate for the full 15-year term once issued; early payout would trigger penalties, making renewal or refinancing unlikely before maturity.

Issuing Agency