Town of Grimsby Special Council Agenda Packet 2026-06-02
Fourth Feeder TD Loan Under Renewal for 2026
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Description
Niagara Power Incorporated services a $941,951 TD term loan at 5.89% interest for a fourth feeder, with $7,101 blended monthly payments and a November 2026 maturity that is under renewal review.
Contract Details
Contract Amount
$941,951; blended monthly instalments of $7,101 at 5.89%
Vendor
TD
Agency
Town of Grimsby, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
Term loan due November 2026
Renewal Date
2026-11-30
Renewal Info
Loan is categorized as long-term debt under renewal with maturity in November 2026; renegotiation had not been finalized by the reporting date.
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