Township of Edwardsburgh Cardinal Agenda 2026-05-25
Committee Backs RBC One-Year Land Bank Loan
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Description
The Administration & Operations Committee recommended selecting RBC’s Option 2: a one‑year fixed loan of $7,692,121.20 at 3.78% to finance the Township’s land bank acquisition. Reserve funds are expected to support the short‑term debt payments.
Contract Details
Contract Amount
$7,692,121.20 at 3.78% (one-year fixed)
Vendor
RBC
Agency
Township of Edwardsburgh/Cardinal, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 25, 2026
Contract Term
1-year fixed financing
Renewal Date
2027-05-25
Renewal Info
Single one-year fixed term; refinancing or renewal decisions to be made after the first year.
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