FINANCIAL_SERVICESAPPROVED

Town of Okotoks Awards Financial Services Contract to Okotoks Pickleball & Tennis Centre Society (May 2026)

The Town of Okotoks Council approved a municipal loan of up to $500,000 in 2026 to The Okotoks Pickleball and Tennis Centre Society to complete indoor components of the new facility, to be repaid over 10 years at 0.5% interest. Council also asked Administration to bring any proposed additional lending up to $0.800M for outdoor courts forward during the 2027 budget process.

Status
APPROVED
Document date
May 11, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Okotoks Pickleball & Tennis Centre Society
Agency
Town of Okotoks · Canada

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $500,000 in 2026; potential additional lending up to $0.800M for outdoor courts to be considered in 2027 budget
Contract type
FINANCIAL_SERVICES
Contract term
Repayment through 10 annual payments; interest rate 0.005 per annum
Renewal
Loan structured as 10 annual payments with 0.5% annual interest; potential future additional lending for outdoor courts to be considered in 2027 budget deliberations.
Document type
Minutes
Source document
Town of Okotoks Regular Meeting Highlights May 11 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Okotoks?

Okotoks Pickleball & Tennis Centre Society was awarded this financial services contract by Town of Okotoks, as recorded on May 11, 2026. The contract value is Up to $500,000 in 2026; potential additional lending up to $0.800M for outdoor courts to be considered in 2027 budget.

How much is the Okotoks Pickleball & Tennis Centre Society contract with Town of Okotoks worth?

The Okotoks Pickleball & Tennis Centre Society contract with Town of Okotoks is valued at Up to $500,000 in 2026; potential additional lending up to $0.800M for outdoor courts to be considered in 2027 budget, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Town of Okotoks Regular Meeting Highlights May 11 2026 (Minutes), dated May 11, 2026 from Town of Okotoks. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Okotoks Pickleball & Tennis Centre Society hold?

Okotoks Pickleball & Tennis Centre Society may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Okotoks Pickleball & Tennis Centre Society's profile

What is Town of Okotoks currently buying?

Explore Town of Okotoks's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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