The Corporation of the Township of Sables-Spanish Rivers Regular Meeting Minutes 2026-05-27
Royal Bank Term Loan Supports Township Financing
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Description
The Township maintains a term loan with Royal Bank, carrying an outstanding balance of $58,370 at the end of 2025, with monthly payments of $5,104 at 2.98% interest until maturity in December 2026. This facility supports municipal capital financing needs.
Contract Details
Vendor
ROYAL BANK
Agency
Township of Sables-Spanish Rivers, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 27, 2026
Contract Term
Term loan maturing December 2026
Renewal Date
2026-12-31
Renewal Info
Loan amortizes to maturity in December 2026; any renewal or refinancing would require a new agreement.
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The Corporation of the Township of Sables-Spanish Rivers Regular Meeting Minutes 2026-05-27
The Corporation of the Township of Sables-Spanish Rivers Regular Meeting Minutes 2026-05-27
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