City of Elliot Lake AgendaPacket Committee of the Whole Regular Meeting 2026-06-15
Revolving $2M TD facility for equipment buys
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Description
Finance staff have recommended that Council approve a $2 million Revolving Equipment Facility with TD Canada Trust to support ongoing equipment acquisitions. The revolving structure would allow the City to finance eligible equipment purchases under its new banking relationship.
Contract Details
Contract Amount
$2,000,000 credit limit
Vendor
TD CANADA TRUST
Agency
City of Elliot Lake, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
June 15, 2026
Renewal Info
Revolving facility renewal and review timelines are not specified in the excerpt and would be governed by the final TD credit agreement.
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