Civic IQ
FINANCIAL_SERVICESAPPROVED

Renfrew County District School Board Organizational Meeting Agenda November 2023

Board Approves $12 Million Credit Line with Bank of Montreal

Not to exceed $12,000,000A J Charbonneau Elementary Public SchoolBANK OF MONTREALNovember 15, 2023

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WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Description

Renfrew County District School Board approved a borrowing resolution authorizing up to $12 million in credit from Bank of Montreal, Pembroke, to manage 2024 expenses until revenues are received. Board signing officers are empowered to execute all relevant documents and agreements.

Contract Details

Contract Amount

Not to exceed $12,000,000

Vendor

BANK OF MONTREAL

Agency

A J Charbonneau Elementary Public School, Canada

Contract Type

FINANCIAL_SERVICES

Document Date

November 15, 2023

Contract Term

For 2024 (until revenues are collected)

Renewal Date

2024-12-31

Renewal Info

Annual authorization; typically renewed or amended each fiscal year depending on cash flow needs.

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