City of Cold Lake Council Meeting Agenda May 13 2025
Debenture Approved for Medical Clinic Expansion
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Description
Cold Lake Council authorized borrowing $3,750,000 for the expansion of the Primary Care Medical Clinic, via provincial or private financing, for up to 25 years and a maximum 10% interest rate.
Contract Details
Contract Amount
$3,750,000
Vendor
PROVINCE OF ALBERTA
Agency
City of Cold Lake, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2025
Contract Term
Not to exceed 25 years
Renewal Info
Principal and interest repaid over up to 25 years; no auto-renewal or extension.
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