Village of Radium Hot Springs Council Meeting Agenda May 11 2026
Village Maintains Long-Term Debt With MFA
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Description
The Village continues its long-term borrowing arrangements with the Municipal Finance Authority, carrying $2,792,678 in outstanding debt as of December 31, 2025, including a 2024 equipment loan for snow removal machinery. Debt maturities range from 2028 to 2038 with scheduled annual repayments.
Contract Details
Contract Amount
$2,792,678 outstanding (various loans)
Vendor
MUNICIPAL FINANCE AUTHORITY
Agency
Village of Radium Hot Springs, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
Loans maturing April 2028, September 2038, and December 2029
Renewal Date
2038-09-30
Renewal Info
Existing debenture and equipment financing agreements with fixed amortization schedules; renewals or refinancing would be considered upon maturity.
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Village of Radium Hot Springs Council Meeting Agenda May 11 2026
Village of Radium Hot Springs Council Meeting Agenda May 11 2026
Village of Radium Hot Springs Council Meeting Agenda May 11 2026
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