Township of Adelaide-Metcalfe Council Meeting Agenda December 2025
Tile Drainage Loan Approved for Seldom Rest Family Farms
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Description
Adelaide-Metcalfe Council will approve a tile drainage loan of $50,000 to Seldom Rest Family Farms Ltd for 10 years at 6% interest. The Township will issue a Tile Drain Debenture and related documents under the Tile Drainage Act.
Contract Details
Contract Amount
$50,000
Vendor
SELDOM REST FAMILY FARMS LTD
Agency
Township of Adelaide-Metcalfe, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
December 15, 2025
Contract Term
10 years at 6% interest
Renewal Date
2035-12-15
Renewal Info
Loan established for a fixed 10-year term at 6% interest under Tile Drainage Act provisions; no automatic renewal indicated.
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