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FINANCIAL_SERVICESAPPROVED

City of Cold Lake Council Meeting Agenda May 13 2025

Cold Lake Approves $3.5M Stormwater Pond Borrowing

$3,500,000City of Cold LakePROVINCE OF ALBERTAMay 13, 2025

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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

Description

City of Cold Lake Council approved borrowing up to $3,500,000 from the Province of Alberta or another financial institution for the construction of stormwater pond 133A, with a term not exceeding 25 years and interest rate up to 10%.

Contract Details

Contract Amount

$3,500,000

Vendor

PROVINCE OF ALBERTA

Agency

City of Cold Lake, Canada

Contract Type

FINANCIAL_SERVICES

Document Date

May 13, 2025

Contract Term

Not to exceed 25 years

Renewal Info

Bonds/debenture to be repaid in equal installments; no auto-renewal; full payment required over term.

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