Town of Bonnyville Council Meeting Agenda April 28 2026
Town updates temporary borrowing terms with ATB Financial
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Description
The Town of Bonnyville approved Bylaw 1614-26 amending its temporary borrowing bylaw with ATB Financial to define a $2.5 million revolving line of credit and a $79,500 Mastercard facility for operational needs. Interest is capped at 10% on the line of credit and 20% on the card, with amounts repayable on demand or monthly as specified.
Contract Details
Contract Amount
Up to $2,500,000 Revolving Line of Credit; up to $79,500 credit card limit
Vendor
ATB FINANCIAL
Agency
Town of Bonnyville, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2026
Contract Term
Repayable upon demand for line of credit; credit card repayable monthly on statement due date
Renewal Info
Temporary borrowing authority is established annually by bylaw; this amendment revises section 1 of Bylaw 1612-26 for the 2026 borrowing year and may be replaced by future annual borrowing bylaws.
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