City of Kelowna Regular Council Meeting Minutes 2026-05-11
City to borrow $60M from MFA for Rec Centre
Trusted by teams at
Description
The City of Kelowna approved borrowing $60 million from the Municipal Finance Authority of British Columbia to fund the Recreation and Activity Centre project, with a 30-year repayment term.
Contract Details
Contract Amount
$60,000,000
Vendor
MUNICIPAL FINANCE AUTHORITY OF BRITISH COLUMBIA
Agency
City of Kelowna, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
30 years
Renewal Date
2056-12-31
Renewal Info
Borrowing has a 30-year term; ongoing loan service subject to repayment schedule. Security issuing bylaw to be prepared by the Regional District.
More from MUNICIPAL FINANCE AUTHORITY OF BRITISH COLUMBIA
Related Contracts
City of Cranbrook AgendaPacket 2026-05-25
PENDINGCity of Kelowna AgendaPacket Regular Council Meeting 2026-05-25
APPROVEDDistrict of Coldstream Regular Meeting Agenda Packet April 2026
RECOMMENDEDDistrict of Coldstream Council Regular Meeting Minutes April 27 2026
APPROVEDTown of Sidney Committee of the Whole Agenda April 2026
PENDINGMore from City of Kelowna
City of Kelowna Regular Council Meeting Agenda Packet 2026-06-01
City of Kelowna Regular Council Meeting Agenda 2026-06-01
City of Kelowna Regular Council Meeting Agenda 2026-06-01
City of Kelowna AgendaPacket Regular Council Meeting 2026-05-25
City of Kelowna AgendaPacket Regular Council Meeting 2026-05-25
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.