Town of Crossfield Agenda Regular Council Meeting 2026-06-02
Crossfield Approves $1.85M Debenture For Laut Avenue
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Description
The Town of Crossfield approved Borrowing Bylaw 2026-05, authorizing up to $1,850,000 in debenture financing from the Province of Alberta or another financial institution. The funds will support Laut Avenue reconstruction, deep utility replacement, and bulk water station drainage improvements over a term of up to 25 years.
Contract Details
Contract Amount
$1,850,000
Vendor
PROVINCE OF ALBERTA
Agency
Town of Crossfield, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
Debenture term not to exceed 25 years; semi-annual blended principal and interest payments at a rate not exceeding 5.00%
Renewal Info
Single debenture borrowing for a term not exceeding 25 years; no explicit renewal options stated.
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