Log in Try Civic IQ for free

FINANCIAL_SERVICESRENEWED

Township of Rideau Lakes Elgin Seniors Housing Board Agenda Packet 2026-06-24

RBC Bank Loan Renewed for One-Year Term

$297,380.99 outstanding (monthly payment $2,796.45 @ 2.75%, new estimated payment $2,947.65/month at 3.55% for 1 year)Township of Rideau LakesROYAL BANK OF CANADAJune 20, 2026

Trusted by teams at

Description

Elgin Seniors Housing Board approved the renewal of its bank loan with Royal Bank of Canada for a new one-year term. The balance stands at $297,380.99, with payments and interest rates to be established pending Council approval.

Contract Details

Contract Amount

$297,380.99 outstanding (monthly payment $2,796.45 @ 2.75%, new estimated payment $2,947.65/month at 3.55% for 1 year)

Vendor

ROYAL BANK OF CANADA

Agency

Township of Rideau Lakes, Canada

Contract Type

FINANCIAL_SERVICES

Document Date

June 20, 2026

Contract Term

1 year term renewal to be negotiated, commencing August 2026

Renewal Date

2027-08-01

Renewal Info

Loan to be renewed for one year (commencing August 2026), preserving financial flexibility as Board plans long-term direction. Previous rates and balances detailed; ongoing adjustments based on market rates.

More from ROYAL BANK OF CANADA

Related Contracts

Township of Rideau Lakes Elgin Seniors Housing Board Agenda Packet 2026-06-24

Township of Rideau Lakes (Canada)$297,380.99 (current balance); new rate to be establishedJune 20, 2026

City of Sachse Municipal Development District Board Agenda Packet 2026-06-11

City of Sachse city (Texas)$5,275,069June 11, 2026

Resort Municipality of Whistler 2026 Corporate Plan and 2025 Annual Report 2026-06-01

Resort Municipality of Whistler (Canada)June 1, 2026

City of Sachse Investment Report for the quarter ending March 31, 2026

City of Sachse city (Texas)$5,275,069June 1, 2026

Town of Lincoln Council Information Package 2026-05-29

Town of Lincoln (Canada)May 29, 2026

Issuing Agency

Township of Rideau Lakes

Township

Delta, Canada

View agency profile

Vendor

ROYAL BANK OF CANADA

View vendor profile

More from Township of Rideau Lakes

Township of Rideau Lakes Committee of the Whole Agenda Packet 2026-06-22

estimated $3,700-$3,900 for 2,000 saplings (before HST), 2027 pricingJune 20, 2026

Township of Rideau Lakes Committee of the Whole Agenda Packet 2026-06-22

$2,495.00 one-time start up fee; $79/month ($984 Annual); $1.50/license (1 year), $2.50/license (2 year), $3.50/license (3 year), $10/license (lifetime); $1.75/mailing for compliance letters; $3.00/tag for replacements; $2.00 per pet license transaction (processing fee)June 20, 2026

Township of Rideau Lakes Committee of the Whole Agenda Packet 2026-06-22

$2,495 startup fee plus $79/month ($984 annual) and per license, mailing and processing fees as per contractJune 20, 2026

Township of Rideau Lakes Committee of the Whole Agenda Packet 2026-06-22

$88,923.29 (includes Township’s portion of HST)June 20, 2026

Township of Rideau Lakes Committee of the Whole Agenda Packet 2026-06-22

Estimated $3,700 to $3,900 (for 2,000 saplings)June 20, 2026

Want to learn more?

Get alerts on contract renewals, new awards, and vendor activity.

Bring us your territory.
We'll show you what is forming.

See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.

Try Civic IQ for free