Town of Diamond Valley Council Meeting Agenda May 2025
$5.4M Debenture for Lagoon Upgrade Pending Approval
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Description
Town of Diamond Valley is considering approval of a $5.4 million debenture from the Province of Alberta to finance a major lagoon upgrade over a 25-year term. Final bylaw readings scheduled for May 7, 2025.
Contract Details
Contract Amount
$5,400,000 debenture
Vendor
PROVINCE OF ALBERTA
Agency
Town of Black Diamond, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 7, 2025
Contract Term
Up to 25 years
Renewal Date
2050-05-07
Renewal Info
Term up to 25 years, non-renewable; repayment per debenture agreement.
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