Red Deer County Considers $5M Loan Guarantee for Rural Connect Broadband

Red Deer County Council is considering approval of Bylaw No.1026/2026, which would guarantee repayment of Rural Connect’s $5 million credit facility for fiber optic infrastructure projects. The line of credit, now provided by Servus Credit Union, will support ongoing network expansion and refinancing, with County exposure in the event of default.

Document date · June 16, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$5,000,000

Contract type

FINANCIAL_SERVICES

Contract term

evergreen line of credit, term not specified

Renewal

Guarantee may be ongoing, as the facility is described as 'evergreen.' Specific renewal terms are not disclosed; subject to lender terms and bylaw provisions.

Document type

Agenda

Source document

Red Deer County Council Meeting Agenda 2026-06-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Red Deer County?

Rural Connect was awarded this financial services contract by Red Deer County, as recorded on June 16, 2026. The contract value is $5,000,000.

How much is the Rural Connect contract with Red Deer County worth?

The Rural Connect contract with Red Deer County is valued at $5,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Red Deer County Council Meeting Agenda 2026-06-16 (Agenda), dated June 16, 2026 from Red Deer County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rural Connect hold?

Rural Connect may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Rural Connect's profile

What is Red Deer County currently buying?

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