FINANCIAL_SERVICESONGOING

Town Renews $7M Operating Credit with RBC

Council is considering Bylaw 4665/2026 to authorize an operating expenditures line of credit of up to $7 million with the Royal Bank of Canada, repayable from municipal taxes within three years. The facility will help manage cash flow when tax revenues and operating expenditures are not aligned.

Status
ONGOING
Document date
July 13, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Royal Bank of Canada
Agency
Town of High River · Canada

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $7,000,000 outstanding at any one time
Contract type
FINANCIAL_SERVICES
Contract term
Line of credit term not to exceed three years from date Bylaw 4665/2026 is passed
Renewal
Bylaw 4665/2026 replaces Bylaw 4638/2025 and reauthorizes an operating line of credit with RBC for up to $7,000,000, with borrowing term not exceeding three years from passage.
Document type
Agenda
Source document
Town of High River Agenda Regular Council Meeting 2026-07-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of High River?

Royal Bank of Canada was awarded this financial services contract by Town of High River, as recorded on July 13, 2026. The contract value is Up to $7,000,000 outstanding at any one time.

How much is the Royal Bank of Canada contract with Town of High River worth?

The Royal Bank of Canada contract with Town of High River is valued at Up to $7,000,000 outstanding at any one time, 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 Town of High River Agenda Regular Council Meeting 2026-07-13 (Agenda), dated July 13, 2026 from Town of High River. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Royal Bank of Canada hold?

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

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What is Town of High River currently buying?

Explore Town of High River's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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