Cold Lake Approves $3.5M Stormwater Pond Borrowing
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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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