City of Lloydminster Council Meeting Agenda May 27, 2024
Synergy Credit Union Secures Naming Rights at Cenovus Energy Hub
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Description
The City of Lloydminster will enter a 10-year sponsorship agreement with Synergy Credit Union for naming rights to the Cenovus Energy Hub’s staircases and elevator, with a $260,000 capital contribution. The agreement commences January 1, 2026, with an optional 5-year renewal.
Contract Details
Contract Amount
$260,000
Vendor
SYNERGY CREDIT UNION
Agency
City of Lloydminster, Canada
Contract Type
OTHER
Document Date
May 27, 2024
Contract Term
10 years, commencing January 1, 2026, with option to renew for 5 additional years
Renewal Date
2036-12-31
Renewal Info
Option to renew the agreement for one additional five-year term.
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