City of Steinbach Agreement Loan By-Law 2272 2026-06-16
Steinbach Considers $400,000 Loan for Southeast Events Group
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Description
The City of Steinbach is considering approval of a $400,000 interest-free loan to Southeast Events Group Inc. to provide working capital for the operation of the Southeast Event Centre. The loan is to be repaid in four yearly installments of $100,000, with repayments beginning on September 30, 2027 and continuing through September 30, 2030, secured by a promissory note and a general security agreement.
Contract Details
Contract Amount
$400,000.00
Vendor
SOUTHEAST EVENTS GROUP INC
Agency
City of Steinbach, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
June 16, 2026
Contract Term
4 years, first installment due September 30, 2027, final payment due September 30, 2030
Renewal Date
2030-09-30
Renewal Info
Loan term is four years; repayment in annual installments. Early repayment is permitted with no penalty, but annual payment schedule must be maintained. Amendments to terms require written agreement by both parties.
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Related Contracts
City of Steinbach Council Meeting Minutes January 2026
RATIFIEDCity of Steinbach Council Meeting Agenda January 20 2026
RATIFIEDCity of Steinbach Report Proposed Operating Agreement Jan 2026
APPROVEDCity of Steinbach Council Meeting Minutes September 16 2025
APPROVEDCity of Steinbach Southeast Event Centre Operating Agreement Jan 2025
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City of Steinbach Council Meeting Agenda Packet 2026-06-16
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