Town of Grimsby Special Council Agenda Packet 2026-06-02
Third Feeder TD Loan Approaches 2026 Renewal
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Description
Niagara Power Incorporated is repaying a $1.68 million TD term loan at 2.68% interest for a third feeder project, with $10,776 blended monthly instalments and a December 2026 maturity currently under renewal.
Contract Details
Contract Amount
$1,680,950; blended monthly instalments of $10,776 at 2.68%
Vendor
TD
Agency
Town of Grimsby, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
Term loan due December 2026
Renewal Date
2026-12-31
Renewal Info
Loan is classified as long-term debt under renewal and matures December 2026; renewal or refinancing was not completed as of the financial statement date.
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