FINANCIAL_SERVICESREJECTED

Council Rejects Rural Connect Credit Facility Guarantee

Council rejected second reading of Bylaw 1026/2026, which would have guaranteed up to $5 million of Rural Connect Ltd.’s credit facilities at Prime plus 0.15% to finance Red Deer County broadband assets. The defeat of the guarantee requires the County to consider direct repayment of RCL’s broadband construction invoices instead.

Status
REJECTED
Document date
July 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Rural Connect Ltd
Agency
Red Deer County · 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
$5,000,000 (credit facility guarantee, no direct cash outlay)
Contract type
FINANCIAL_SERVICES
Renewal
The proposed $5 million credit facility guarantee for Rural Connect Ltd. was not approved at second reading, so no guarantee agreement or renewal terms will take effect.
Document type
Agenda
Source document
Red Deer County Council Meeting Agenda 2026-07-07

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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 Ltd was awarded this financial services contract by Red Deer County, as recorded on July 6, 2026. The contract value is $5,000,000 (credit facility guarantee, no direct cash outlay).

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

The Rural Connect Ltd contract with Red Deer County is valued at $5,000,000 (credit facility guarantee, no direct cash outlay), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Red Deer County Council Meeting Agenda 2026-07-07 (Agenda), dated July 6, 2026 from Red Deer County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rural Connect Ltd hold?

Rural Connect Ltd 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 Ltd's profile

What is Red Deer County currently buying?

Explore Red Deer County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Red Deer County's profile

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