Township of Edwardsburgh Cardinal Resolution 2026- Land Bank Borrowing
Township Plans Land Bank Borrowing with RBC
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Description
The Township of Edwardsburgh Cardinal plans to arrange short-term and long-term borrowing of up to $7,692,121.20 with Royal Bank of Canada to finance the purchase of the Edwardsburgh Land Bank. The Treasurer is authorized to execute all necessary loan and related documents upon closing in 2026.
Contract Details
Contract Amount
Up to a total of $7,692,121.20
Vendor
ROYAL BANK OF CANADA
Agency
Town of Penhold, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
April 23, 2026
Contract Term
Short term and long-term borrowing; closing date in 2026 (exact date not specified)
Renewal Info
Borrowing is authorized up to a fixed maximum amount for the land purchase; no renewal or extension terms are described in the resolution.
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