FINANCIAL_SERVICESRECOMMENDED

City Aligns Arena Financing with TD Banking Package

Elliot Lake seeks Council authorization to finalize a $21,000,000 unsecured term loan agreement with The Toronto-Dominion Bank as part of its new banking package. The loan would support the Rogers Arena renovation and include a 3-year fixed rate, long-term amortization, and flexible prepayment terms.

Status
RECOMMENDED
Document date
June 2, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Toronto-dominion Bank
Agency
City of Elliot Lake · 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
$21,000,000
Contract type
FINANCIAL_SERVICES
Contract term
Single drawdown prior to June 30, 2027; 3-year fixed rate term; up to 30-year amortization; up to 20-year contractual term
Renewal
Upon expiry of the initial 3-year fixed-rate term, the City may renew the facility at then-current market rates or pursue alternative financing; includes ongoing ability to prepay up to 10% of original principal annually without penalty.
Document type
StaffReport
Source document
City of Elliot Lake StaffReport Authorization to Enter into a $21,000,000 Term Loan with TD Canada Trust — Rogers Arena Renovation Project 2026-06-02

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Elliot Lake?

Toronto-dominion Bank was awarded this financial services contract by City of Elliot Lake, as recorded on June 2, 2026. The contract value is $21,000,000.

How much is the Toronto-dominion Bank contract with City of Elliot Lake worth?

The Toronto-dominion Bank contract with City of Elliot Lake is valued at $21,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Elliot Lake StaffReport Authorization to Enter into a $21,000,000 Term Loan with TD Canada Trust — Rogers Arena Renovation Project 2026-06-02 (StaffReport), dated June 2, 2026 from City of Elliot Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Toronto-dominion Bank hold?

Toronto-dominion Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Elliot Lake currently buying?

Explore City of Elliot Lake's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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