FINANCIAL_SERVICESAPPROVED

Rural Municipality of Lipton No. 217 Regular Council Meeting Agenda Packet March 2026

RM Retires Equipment Loans at Raymore Credit Union

$197,213.25Rural Municipality of Lipton No. 217RAYMORE CREDIT UNIONMarch 17, 2026

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Description

The Rural Municipality of Lipton No. 217 Council authorized the payoff of outstanding grader and mower equipment loans held with Raymore Credit Union. The total repayment, combined with RBC loans, is $197,213.25 to remove ongoing interest costs.

Contract Details

Contract Amount

$197,213.25

Vendor

RAYMORE CREDIT UNION

Agency

Rural Municipality of Lipton No. 217, Canada

Contract Type

FINANCIAL_SERVICES

Document Date

March 17, 2026

Renewal Info

One-time loan payoff; no renewal applicable after debt is retired.

Related Contracts

Town of Raymore Minutes Special Meeting 2026-03-20

APPROVED

Town of Raymore (Canada)Up to $1,000,000 from reserves plus $750,000 loan at 3% interest (annual payment $88,000)March 20, 2026

Town of Raymore Minutes Special Meeting 2026-03-20

DISCUSSED

Town of Raymore (Canada)up to one million from Town reserve accounts plus $750,000 loan (amount inferred from repayment motion)March 20, 2026

Rural Municipality of Lipton No. 217 Regular Council Meeting Agenda Packet March 2026

APPROVED

Rural Municipality of Lipton No. 217 (Canada)March 17, 2026

Village of Lipton Meeting Minutes January 7 2026

APPROVED

Village of Lipton (Canada)January 7, 2026

Rural Municipality of Mount Hope No. 279 Council Meeting Minutes October 2025

AMENDED

Rural Municipality of Mount Hope No. 279 (Canada)October 15, 2025

Issuing Agency

Rural Municipality of Lipton No. 217

Special District

Lipton, Canada

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Vendor